Arlington: Topper in Government Foreclosures
Arlington foreclosed homes and houses for sale have earned recognition from the reputed Forbes magazine as among the top ten markets for buying a foreclosed home. It is preceded in the rankings by Charlotte, NC, Raleigh, NC, Nashville, TN, Oklahoma City, OK, San Antonio, TX, Albuquerque, NM, Knoxville, TN, Seattle, WA, and Indianapolis, IN.
Arlington is in the County, Texas, in the US. It lies within the state of Dallas, Fort Worth, Arlington a urban area. Arlington is the 50th major city in the US. The city adjoins Kennedale, Mansfield Grand Prairie and Fort Worth and envelops the smaller population of Dalworthington Gardens and Pantego. A few other cities and towns in Arlington’s vicinity may be named as Azle, Bedford, Benbrook, Briar, Colleyville, Dalworthington Gardens, Eagle Mountain, Everman, Fort Worth, Flower Mound, Grapevine, Haltom, Hurst, Kennedale, Mansfield, North Richland Hills, Pelican Bay, Richland Hills, Saginaw, Southlake, Trophy Club, Watauga, Westlake, Westover Hills and Westworth.
Arlington is among the leaders in government foreclosures in the US. The latest fact-file concerning the government foreclosures may be summarized as follows. In July, 2008, the total new foreclosure activity in the US was 1,589,249, with actual sales having numbered 66,402, the average foreclosures sales price had been $66,402 and the average discount that the buyers got as a percentage of the market value of homes purchased had been 28%. The corresponding respective figures in each of the four categories spelt in the preceding sentence for the year ending in July, 2008 were: 9,007,087 new foreclosure activities, 423,713 sales, average sale price of $165,512, and average saving of 29%.
Property Auctions: Mortgages & Agents
Soon, you will be able to implicitly trust the credentials of all active Arlington mortgage companies. The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 stipulates the establishment in 2009 of a National Mortgage Licensing System and Registry. This scheme will make it mandatory for all loan officers as well recipients to get themselves registered with the central depository. It had been observed that a large fraction of the mortgage agents held criminal backgrounds. The provision of mandatory registration will successfully prevent such undesirable elements from joining the trade. It will hopefully serve to regularize all mortgage activities in the US.
The Arlington property auctions have hundreds of real estate agents who lead sellers of homes to interested buyers, and guide prospective homebuyers to make profitable investments. Aubrey Keal, Eli Chambers, Gary Walker, Billie Farrar and Jeff Cassell are a few top property dealers in Arlington. The agents are paid for their role and efforts by the sellers out of the transactions’ proceeds. You are likely to gain considerable insights and practical tips from a knowledgeable and efficient agent. Hence, you ought to first select an agent with adequate grassroots familiarity with the areas you are more interested in. It would be no exaggeration to assert that a reliable agent can make all the difference between a bonanza and a fiasco at the property auctions.