The implication is very clear and obvious. Texas will remain a top foreclosed homes market where prospective homebuyers and investors could continuously snap up cheap houses. The number of homes included and featured in Texas foreclosure listings is forecast to remain robust. But that should be the case only for the time being. Texas is identified as one of the states, which are implementing measures to curb foreclosures.



There is enough reason why homebuyers should take advantage of the currently piling inventory. While foreclosed homes for sale flood the state market and prices remain low-key, buyers should seize every available opportunity. That is because in no time, Texas is set to implement its Foreclosure Deferment Act.

Logically, under the proposed state act, mortgage loan providers would be required to give defaulting homeowners up to 45 days to cure loan repayment delays before a notice is sent for foreclosure. This is expected to significantly lower the total number of foreclosed homes up for sale in Texas.

Thus, homebuyers and investors who aim to buy at very cheap prices should purchase cheap foreclosed homes now before the state legislation sets in. Not only are prices attractive. As evident in homes listed in Texas foreclosure listings, houses at the most strategic locations and family units that are truly well designed are still up waiting for their next homeowner. Would you let the opportunity pass?