Dyersburg Area Fannie Mae Foreclosures

Today on the Fannie Mae button over on the right side you will see two houses for sale by Fannie Mae. The house at 93 Chester Harris Street in Trimble is now under contract by one of my clients(great price) but the other house at 1725 E. Wheeler Street in Dyersburg is still available.

This Dyersburg foreclosure is a brick 3 bedroom 2 bath and is priced at $48,900. Please let me know if you are interested in looking at this property. The Chester Harris property closes at the end of this week.

New Dyersburg Foreclosure

Actually this is not a new dyersburg foreclosure but one that has been drastically reduced. I just toured the house at 420 Saint John Avenue in Dyersburg and it is definitely in need of work.

The front of the house has had the roor replaced but not the back half hence lots of water damage in need of repair.

The new price is only $19,900 so call me if you are a handy man and want to fix up a property to live in or to flip. This property is listed by Leon at Tennessee Realty.

My phone number is 731-589-7841.

New Hud foreclosure Near Dyersburg

HUD just listed another foreclosure near Dyersburg. Actually it is at Finley and the address is 40 Kirk Circle.

This is the 10 day period where investors bids will not be opened but if you are interested in purchasing to live in then they will open your bid but first you need to call me to get in to see this property.

Here is a link to the listing.

My direct number is 731-589-7841

Many potential foreclosure buyers don't know the problems in buying foreclosures

I have several clients who believe they need to buy a foreclosure because of the price. What they don't realize is some of those foreclosure programs don't allow you to adequately inspect the house before closing. If you purchase a Hud foreclosure you are not allowed to even have the water turned on(to check for leaks) prior to closing.

What Hud does is pay a contractor to bring out a compressor and pressurize the water system and somehow know if there is a water leak. This may or may not reveal a leak but you are supposed to take their word for it and there really is no recourse if you close and there are problems. You cannot purchase a Hud foreclosure and finance it with a regular FHA loan because of not being able to turn on all utilities. Also, how are you going to know if there is a cracked gas chamber in the central heat system? I am advising my clients to think very carefully before buying a foreclosure unless the program the foreclosure is in allows full home inspections.

The main reason people are wanting these foreclosures is because of the lower price. What many people don't realize however, is these foreclosures are driving down the prices for the homes on the market not in foreclosure. During these turbulent times of foreclosures, you can get fantastic deals on non foreclosed homes because of the current appraised values being lower.

Next Dyersburg Courthouse Foreclosure Auction Tomorrow

The next Dyersburg foreclosure auction is tomorrow Tuesday February 1st at 11am. The house address is 1813 Linden Road in Dyersburg.

Dyer County Courthouse Foreclosure Auctions Update

Yesterday, Bank of America bought back their foreclosed house at 93 Chester Harris Street in Trimble for a price of $67,000. I really believe they made a hugh mistake not letting another bidder grab that one.

Today at 2pm, the house at 1111 Ridgeway in Dyersburg is scheduled to be auctioned off on the courthouse steps.

More Dyersburg Area Foreclosures

Just listed today is a 3 bedroom 2 bath Hud foreclosure priced at $76,500. This Dyersburg area foreclosure is in the Finley area and the address is 35 Kari Circle which is off Andrea Drive.

Here is the link to that listing and also the Palmer Subdivision Road foreclosure listing.

Don't forget the Dyer County courthouse foreclosure auction today at 11am for the property at 93 Chester Harris Street in Trimble.