Tarrant County Foreclosures...What to Do if YOU are in Trouble!!!

Fort Worth, Texas is one of the best places in the country to live and yet we have large numbers of people who either are in Foreclosure or will be in Foreclosure soon if they fail to act.  These are the facts...and this is very important information for you, Tarrant County, Fort Worth homeowner in Trouble!!!!

Note:  #1  YOU DO NOT WANT FORECLOSURE.  It has a longterm effect on your credit. It will always show up on your credit reports and it will be many, many years before you can purchase a home again.
Note: #2   YOU have a very good option at hand..........BUT, if you do not talk with an agent who really knows what to do...you may not be able to avoid FORECLOSURE.

SHORT SALE is the possible solution that will only "ding" your credit for a short time.  This is by far the best alternative.  Are there consequences?  Yes, but they are short term by comparison to Bankruptcy and/or Foreclosure.

This is a lovely home that is being sold as a Short Sale.
It is on an oversized lot and has over 2000 sq. ft....Very nice in a nice neighborhood.  The subdivision has had more short sales than regular sales due to the declining market and buyers that bought with $0 down payments and could not continue to make payments later. 

If you are in trouble and need information about a Tarrant County Short Sale.......Please contact me right away.  I am available for consultation by appointment at no obligation.  Call me to set a time. 817 920-7700/DiAnne Arnette Keller Williams Fort Worth

What's Going on in Texas? We are Talking Real Estate in Tarrant County/Fort Worth

From where I sit in Fort Worth, Texas (Keller Williams), I am looking at stats and wondering how in the world does the normal consumer feel about what they are seeing and hearing about local real estate?

The phone calls stopped by 1/2 when the tax credit for first time buyers expired recently.  On top of that, the lenders have really tightened their belts and it is much more difficult to get financing for any buyer. I have spoken and worked with buyers over the last 4 weeks who say they can buy...say they have approval....then when the pen and paper of a loan application meet.......the story changes.  Certainly not for everyone, but I am simply saying that the rules have changed.  Who knows when they will loosen...........

Now for what I refer to as my favorite quote, which I use in my marketing often: "I seldom recognized an opportunity until it had ceased to exist"....Mark Twain  We are in a fabulous market for folks who really are financially healthy..........Prices are low (and may be going down further), Interest is almost nonexistent, and Sellers will, (I repeat, WILL) negotiate.  This is a true opportunity and the buyer who has a desire to move to bigger.....or different.....has available a huge inventory of choice.  My pride of being a good agent, is the fact that I ALWAYS represent my client........and I am not shy about negotiations.  Just like in love, until you ask, you don't know!  So if you love that home and wonder if you could get a good or great deal.......I tell you to take the risk....go for it!  Don't sit on the sidelines.........which brings me to another of my favorite subjects...
SPORTS...
..........oh I will save that for another blog........but .....take a look at the Sooners and their projections if you have a moment........my dog Minnie already has her gameday outfit....!

Please contact me if you want to know more about Fort Worth and Tarrant County real estate.  I love calls and love to try to answer your questions.........

BPO ORDERS...

"BPO" STANDS for Broker Price Opinion and I have done these for various relocation companies and lenders for years....Never thought that my expertise in this would be so needed. I was just contacted by a BPO company in Arizona and did one for them that day. I actually enjoy doing them because my mind works in stats easily.

For the "home owner" who is in trouble and needing help by way of a Short Sale, this is one of the first things that your lender will order. It may be done by a knowledgeable agent or an appraiser...they will want to see what the current market value of your home is.

When I am doing Short Sales, when I am notified that the lender has ordered this, I am relatively sure that we are going to get approval...

If you need Short Sale information...or a BPO....I will be happy to help you.

dianne@diannearnette.com