Have you heard of a term "Short Sale"? This means that the owner of the home owes more on the house than its market value. The next stage is a foreclosure at the auction. To stop process banks may take a hit and take a lower offer on the home. The tricky part is that it takes a long time for a bank to respond or accept the offer. There are also lots of extra paperwork involved and "last minute surprises" at or before the closing. However, having patience and knowing what the process is - you can get a GREAT DEAL on a "nothing wrong" with it property!
Here is the list of TODAY's short sales in Corinth, TX. Note: you must have a knowledgeable agent to help you thru the process.