Corinth TX Real Estate: Foreclosures, REO, HUD and short sales

If you are in the market to buy a home in a great area and great school district, consider Corinth, TX. In fact, in addition to a choice of 140 properties currently available for sale, you can buy a HUD home, foreclosure, or if you have enough patience, a short sale. Each of these homes for sale have their own process and unique procedures to be followed. Consult experienced agent and dive into this real estate market. There are 5 homes of the above types are currently on the market in Corinth, TX.

FREE ebook: Winning With Foreclosures

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Thinking about buying Foreclosure as a primary residence? What is Short Sale? Why should i invest in real estate market by buying foreclosure? Find answers to these questions in this ebook: winning with foreclosures. Click here to read an e-book titled Winning With Foreclosures. Learn why and how to buy foreclosures / REOs, short sales or HUD properties whether they are among Denton TX homes, Corinth Texas Homes or any other area in Dallas, Denton or Collin County.  Learn the terminology, types of financing, how to negotiate with banks and common myths about buying a foreclosure.  Learn why others, including First Time Homebuyers, Move up buyers and Investors are choosing Foreclosures, REOs, HUD, and Short Sale properties. I am able to provide this valuable information to you courtesy of Keller Williams University.

3004 Mason Avenue - Foreclosure Property for Sale in Corinth, Texas

My profiles:

Corinth, Texas is located between Denton, Texas and Lake Lewisville. Corinth offers residents easy access to I-35E, community parks and libraries. HUD property 3004 Mason Avenue is located in the subdivision of Meadow Oaks in Corinth, Texas. This 3 bedroom, 2 bathroom home has 1,506 sq. ft. of space.

This vacant, move in ready home has amenities such as a wood burning fireplace, bay windows, split bedrooms, and separate shower/tub in master bathroom. HUD home for sale is in community with sidewalks, trees, playgrounds and parks. Currently, this home is listed at $118,000. What a great value!

Students living in this area attend Corinth Elementary School, Lake Dallas Middle School and Lake Dallas High School. Home falls into the 76210 zip code of Denton County. With easy access to Swisher Road/FM 2181, buyer is close to shopping and entertainment!

To view more photos and learn more information about the HUD property at 3004 Mason, please click here.

For first time home buyers, the government offers great programs to assist in buying a HUD home. Other programs, such as Good Neighbor Next Door and non-profits, are also available for qualified buyers.

HUD properties may or may not be in bad condition. Most are sold "as-is" and usually ready to move in. Some repairs may be required (for safety issues, etc.), but can be rolled into a loan. All HUD homes are cleaned up and inspected by HUD. While homes are inspected by HUD, it is strongly recommended that buyers have another inspection of the home done. Time is given to buyers to accommodate for inspections.

To win a bid on any HUD property, your real estate agent must be registered and know how to follow the instructions HUD provides and requires. Don't hesitate to contact me today if you have any questions, or would like to view any HUD properties.

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Leeza Morris, REALTOR®, MBA, GREEN, e-PRO®, SFR
Broker Associate, Keller Williams Realty
Cutting edge paperless & mobile real estate solutions for you

cel/txt. 940 391-5080
fax: 940 382-2773
2434 Lillian Miller Parkway
Denton, TX 76205
www.LeezaMorris.com

Foreclosures and HUD owned homes in Corinth, TX.

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Corinth, TX: Foreclosures or REO, HUD and Short sales - now familiar words in real estate community. While Denton County is not (yet) over flown with these types of homes - at least 18 homes owned by banks, HUD or VA are now available for sale in Corinth, TX.

HUD homes:
To search for a HUD home go to this site. Once you identify a few homes - contact me to set an appointment to view the properties. Good deals do not last forever. Be ready with you funds and pre-approval letters. Placing a bid on HUD site must be done by a registered agent with participating broker. Often, you get response from HUD fairly quickly. Home owner occupants are priority. Once a specified period ends - HUD accepts all offers, including investors.

FORECLOSURES or REO (real estate owned as an entry in banks accounting records)
The process to put an offer on a foreclosed property is similar to a regular home for sale. However, massive amount of disclosures, addenda will follow an accepted bid. In many cases banks agree to pay up to 3% in closing costs. They will also consider home-owner occupants first. Be sure all paperwork is submitted correctly or your offer may be returned and you will lose the bid (your agent's work).

SHORT SALES: This is the most time consuming process to wait for a response from the bank. Many homes are still occupied by current owners who are short on funds to pay monthly mortgage. These properties might be a good deal if the buyer is willing to wait and hang around for a 3+ months at least.

Corinth TX Foreclosures (Bank Owned)

The word Foreclosure may mean different things to different people. Often agents will refer to home called Foreclosure when it's actually REO (Bank owned property). Foreclosure is actually happens on the steps of the court house and once the bank buys the property back (90% of cases) the  property is no longer Foreclosure. BUT having said that, MLS system will still identify these properties as Foreclosure, so in 90% cases when you see Foreclosure pulled from MLS system - it is really an REO. 

Foreclosure on MLS = REO or Bank/Lender Owned Property. 

Other sites will pull information from public records (bank must post a public notice of upcoming foreclosure 21 days before the auction) and will actually post properties that are not yet on the market and not yet sold on the auction - those are TRUE Foreclosures.

In my blog and on my sites - because the information comes from the active real estate market - the properties that are called Foreclosures are actually REOs.