4711 San Marcos Way in the Lakes on Legacy has amazing finishes throughout this elegant patio home. This Frisco home has gorgeous hand scraped hardwood floors, granite counter tops, Stainless Steel appliances, and a wine cellar with a wrought door. The hardwood stairs also feature wrought iron spindles. There is a Media-game room on second floor along with two bedrooms. Incredible master suite located on the first level along with a large study. This Patio home has a surprisingly large backyard that has been professionally landscaped and is to die for.  You will be able to sit out on the patio and enjoy your privacy. There is tremendous pride of ownership evident in every room of this home in Frisco. Don't miss this beautiful home with all the bells and whistles.  If you would like more information regarding this Frisco Home call Damian at 214-213-1617 or email at This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

4605 Shadow Ridge Drive is another example of a Bank owned Foreclosure (REO) having a substantial price reduction in the Frisco market.  This home has been reduced $50,000.  Located in the prestigious, gated, and golf community in Stonebriar of Frisco, TX. This home is situated on an oversized corner lot with high ceilings, plantation shutters and crown moldings throughout. Also, this custom home features a large mud room with sink, and a side entry 2 car garage.  The master bedroom has a large walk-in shower plus a separate jetted tub.  The master bedroom also has a door leading out to a relaxing covered patio and lush backyard.  

If the bank will drop $50k in one day just how low will they go?  Call us and we will negotiate the best possible price for you.  TEAM DECELL has years of experience in dealing with REO properties, HUD homes and bank owned properties.  Feel free to view more value-priced homes on our website at www.teamdecell.com.

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http://craigsrealestatelist.org/

6020 Pintail Ln is a beautiful custom home located in the esteemed, Starwood Subdivision of Frisco, TX.  As mentioned in the previous article regarding Frisco foreclosures this home has just been reduced by $54,000 to only $375,000. It is custom built, located in a guarded and gated Frisco community and comes equipped with a fabulous swimming pool in the backyard too! 

Banks are anxious to get this property and many other homes like it SOLD so that they are not on their books in the new year.  This is the right time to make aggressive offers to the banks!  Make sure that your agent does research on the number of foreclosures that have already taken place in the subdivision because that really determines if the home is a good value or not.  Many of our clients have purchased their dream homes in the last few months, plus obtained a lower interest rate than they previously had on their current home.  Timing and preparation are key components to winning your bid on these great real estate investments with many of the bank owned properties in Frisco, TX and surrounding cities!

Frisco Foreclosures continue to rise at a slow rate.  There are 57 foreclosures currently in Frisco at this time.  The foreclosures are bank owned and range in price from $109,000 - 2 million dollars.  Compared to the overall population in Frisco this is not a large number of foreclosures, and reflects that the current administration is forcing banks not to foreclose on area homes but instead offer them other means of relief.  Such relief comes as loan modifications or short sales.

As the year end rapidly approaches banks will be looking to move these homes from their books and so will be looking to lower the prices.  If you are interested in purchasing a bank owned foreclosure make sure that you work with an agent like Team Decell, they are experienced with bank REO properties.  We can assist you throughout the entire process and make sure you get the best possible deal.

For example 11613 Mansfield Dr in Panther Creek Estates of Frisco is a 2300 square foot home for only $169,000, that's $73.90 per square foot.  Compare that to building a home in Frisco which will typically cost you approximately $100.00 per square foot.