January 2012 Forclosure Market Report for North Texas

There are currently 2212 Real Estate Owned or Foreclosures on the Multiple Listing Service for North Texas.

1163 of the homes are under $100,000.00

46 are above $500,000.00

There are 356 Homes between 2500 square feet and 3500 square feet

277 homes have swimming pools

Any size and price you are looking for is probably available!

This home is only $7,920.00

Real Estate Owned or Foreclosures homes are sold AS-IS usually and they do not come with a sellers disclosure. You can have an inspection for $350.00 to make sure there are no structural or mechanical problems.

This home is foreclosing for only $2,200,000.00. It is 7400 sq feet built in 2006.

According to Realty Trac,in Texas, a nonjudicial state, foreclosures took an average of 90 days to complete and close. The national average for the foreclosure process increased to nearly one year from start to finish: 348 days. So Texas can close them quickly!

In my opinion Realty Trac may be a good source to find homes if you want to pay their monthly fee, but you can use a agent to find homes that are on the market for free.