Rockwall Foreclosures

Rockwall foreclosures are highly sought after.  I list many foreclosures in Rockwall, Heath, Royse City, and other parts of Rockwall County.  If you are thinking of buying a foreclosure, we should sit down together and discuss your options.  Here are several things you will want to consider:

  1. Foreclosures in good areas typically sell at a premium.
  2. You must have your financing lined up a head of time.
  3. Good deals do not last long.
If you are thinking of buying a foreclosure, give Jennifer a call.
Many of the foreclosures I sell are approved though HomeSteps®.  Below is more information from the HomeSteps® website about buying a foreclosure through them:


We help thousands of buyers just like you find local real estate agents and most importantly, a home you can call your own.

At HomeSteps®, we help you find much more than a house, town home, condominium or duplex. We want you to feel confident about your decision to buy from us, and have the peace of mind you expect and deserve from your new home.

Qualifying HomeSteps homes are eligible for:

We currently have homes for sale in many areas throughout the country. Search our available homes or visit Freddie Mac’s website to learn more about buying a home or how much home you qualify for.

*Certain restrictions, limitations, terms and conditions apply. See HomeSteps SmartBuySM Terms and Conditions for further details.

Here is some more good information from RealtyTrac:


Foreclosure is a process that allows a lender to recover the amount owed on a defaulted loan by selling or taking ownership (repossession) of the property securing the loan. The foreclosure process begins when a borrower/owner defaults on loan payments and the lender files a public default notice. The foreclosure process can end one of four ways:

  1. The borrower/owner pays off the default amount to reinstate the loan during a grace period known as pre-foreclosure.
  2. The borrower/owner sells the property to a third party during pre-foreclosure, allowing the borrower/owner to pay off the loan and avoid having a foreclosure on his or her credit history.
  3. A third party buys the property at a public auction at the end of the pre-foreclosure period.
  4. The lender takes ownership of the property, usually with the intent to re-sell. The lender can take ownership through an agreement with the borrower/owner during pre-foreclosure or by buying back the property at the public auction.
Foreclosure Buying Opportunities
The foreclosure process offers three bargain-buying opportunities, represented by six different property statuses on RealtyTrac.
  1. Buying during pre-foreclosure (NOD, LIS)
  2. Buying at public auction (NTS, NFS)
  3. Buying bank-owned properties (REO, GOV)

Read our Foreclosure Overview for more detailed information about the foreclosure process, or go to our foreclosure state laws section.