Bank Owned Real Estate in Dallas

Dallas bank charters require a certain amount of solvency be maintained in an effort not to weight a Dallas banks liability too heavily in Dallas. The loss-mitigation division of a Dallas bank is motivated to move non-performing assets out of the Dallas bank. During foreclosure if there are no buyers of the Dallas real estate property the Dallas property reverts to the Dallas bank and is offered for sale through their REO division. Many Dallas banks will negotiate down the payoff (a short sale) in an effort to move the asset allowing profitability for the investor due to purchasing at a discount to market value. This process again allows for clean transfer with limited risk as inspection of the Dallas real estate property can be conducted prior to purchase.

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