There were 3,239 foreclosed homes in Collin County with an average sales price of $206,001 with 642 new foreclosed homes in July 2009, according to RealtyTrac.com. Foreclosed homes sold 15% less than other homes with the average sales price for all Collin County and Dallas homes being $242,160.

Collin County and Dallas Foreclosure Activity and Home Price Index

Collin County and Dallas foreclosure activity increased dramatically in July with 139 more foreclosures than in June.  At the same time, the Home Price Index remained relatively unchaged from June.

Collin County and Dallas foreclosure activity is based on the total number of properties that receive foreclosure filings – default notice, foreclosure auction notice or repossession notice – each month. Home price appreciation is based on month-over-month percentage change of the Home Price Index. The Home Price Index is calculated from home sales records.

Collin County and Dallas Foreclosure Geographical Comparison

Collin County Dallas foreclosure activity is 0.06% lower than national statistics and 0.09% higher than Texas figures.

Collin County and Dallas Foreclosure Activity by Month

The significant increase of Collin County and Dallas auction and bank-owned activity in July indicates we will see many more foreclosures in the coming months.

Are you or someone you know behind on your mortgage payments and facing a Dallas foreclosure? You do have options. A short sale may be the answer to saving you, your family and your home.  As a Certified Distressed Property Expert (CDPE), I have the skills and knowledge to help save you your home and your family. Give me a call for a private consultation.

Joshua Harley, Broker and owner of  Texas Home Central Realtors has received the designation of  “Certified Distressed Property Expert” (CDPE) to help families avoid foreclosure. The training is a rigorous 21+ hour course designed to help Realtors counsel homeowners, and help families avoid foreclosure.

Alex Charfan, founder of the Certified Distressed Property Expert Designation (CDPE) believes that in almost all cases the best person for a homeowner in distress to speak with is a well informed Licensed Realtor® that has the tools needed to help that homeowner find the best solution for their situation.

Foreclosure is a devastating financial and emotional process for homeowners and their families to go through, and in many cases they do so alone and without help of any kind.

A North Dallas Realtor who has earned the CDPE Designation has dedicated their time and effort to understanding the issues distressed homeowners are dealing with. The CDPE Professional is an agent who understands the full range of solutions and is ready to help. 

Short sales are one option available to homeowners who have experienced a hardship. A short sale allows a property to be sold for less than the current loan balance. With plummeting property values, this can save many families from foreclosure and even bankruptcy. More and more lenders are willing to consider short sales because they are much less costly than foreclosures. 

National statistics show 1 out of 10 homeowners are in default on their mortgage with hundreds of homes in danger of foreclosing and hundreds of families in turmoil. While experiencing financial distress is difficult for any family, the process of finding a real estate professional shouldn’t be. Selecting a CDPE agent ensures you are dealing with a professional ready to address your needs.

You can learn more about avoiding a Plano TX foreclosure by visiting TexasHomeCentral.com. Joshua can be reached at 972-562-0896, or via email.