Are you wondering how the housing market is looking like this spring and summer? Are you looking for a good deal? Want to know the best place to buy?
According to Shari Olefson, a real estate expert with Yahoo!, the Dallas/Fort Worth area is the best market for buyers searching for a good deal. The number of underwater properties in the DFW area is higher compared to any other areas in the US. Actually, about 20% to 40% of homeowners in the DFW area are underwater.
A property that is underwater means that the mortgage owned on the property is more than the market value. If the homeowner in this situation is facing a financial hardship, the home can be sold in a short sale. In a short sale, the home is sold for less than the amount owed to the lender, but the lender accepts it as a full payoff.
Oyezz has over 100 short sales in process. We focus and specialize in short sales all over the DFW area. Give us a call and see how we can help you.