Texas Sheriff Sale Resources fall primarily into three categories – Books, Courses and Professional Advice (attorneys). Books – The market is flooded with books on real estate investing and to a lesser degree on Sheriff Sales. If you want information on a subject, all you have to do is look. Finding specifically Sheriff Sale Resources in the way of books is not as easy. The problem is that getting information does not necessarily mean getting ACCURATE information. Anyone can write and self-publish a book and there is no governing body to guarantee accuracy! To make this even more challenging, accurate information for one…
Author: James Murphy
A Short Sale is simply a sale of a property before foreclosure for LESS that the owner owes on a mortgage. In today’s economy, many home owners find themselves owing more money than a house is actually worth. If a homeowner finds them self unable to pay their mortgage for whatever reason (loss of job, divorce, etc.), it is difficult to know what to do. A sale of the house under normal circumstances is not possible because no one is going to pay more than the fair value of the home. This is the point at which this type of…
Tax Sale Resale Property refers to property that has gone through the Tax Sale or Sheriff Sale process, but was not sold. This property was “struck off” which means that the taxing entity that foreclosed on the property has taken possession of the Sheriff’s Deed for the property and is the legal owner of the property. They are now the ones responsible for selling the property. The laws that govern the procedure for “re-selling” this property are much more flexible than the original sale of the property. Time Period – The taxing unit now in possession of the property has no…
Brazoria County does not hold a Brazoria Sheriff Auction very often simply because they do not have enough properties to sell. However, when they do conduct a sale, the process is the same as any other Sheriff Auction except that the time of day changes each sale and is specific to the property being sold. Brazoria, although not offering a long tax sale list of properties, does offer a competitive advantage! Because all tax sales are conducted on the first Tuesday of the month, bidders must choose between attending the Brazoria Sheriff Auction and other County Tax sales. If there is…
Discount Home Repair is essential when repairing a Sheriff Sale Property! Repairing any property can be overwhelming, but with a Sheriff Sale property (Tax Sale Property), you never know the exact extent of repairs until AFTER the purchase the property! You may find out that the repairsfar exceedyour initial estimation. Part of this cannot be avoided because of the nature of the sale, but repairing your property using the “discount home repair” method will go a long way in keeping profits on track! Below is a list of several different strategies to help reduce your out-of-pocket expenses. I would encourage…
Texas Hard Money Lenders are often a last resort for a new investor, one with bad credit or one who simply does not have the liquidity to invest in all cash. What are Texas Hard Money Lenders? These lenders are typically individuals as opposed to lending institutions that have extra capital to invest. Instead of investing in traditional investments, they choose to lend their money to others at higher than usual interest rates. Their rates will vary greatly from lender to lender, but can range anywhere from twice the going rate to four times the going rate because their rates…
Galveston holds the Galveston Sheriff Auction each month on the first Tuesday of the month. Like all Houston Sheriff Auctions, it can be large and overwhelming, so it is advised that you go and watch a sale before actually participating in one. This section will give you specific information needed to navigate this sale including where to find the tax sale list. Who Conducts the Sale? Sheriff Property List – Found on the county website (Website) Newspaper – Galveston Daily News Commonly Asked Questions – Galveston Commonly Asked Questions Property Search / Appraisal District – GCAD Location of Sale – Galveston County Courthouse, 722 Moody Avenue…
Funding a purchase at a Tax Sale or Tax Auction is one of the biggest OBSTACLES for most purchasers! You already know that purchasing at these sales can be a money making bargain, but if you do not have the cash, should you walk away? Not necessarily! Although locating the cash for a purchase is difficult in the present economy, it is not impossible. As discussed in the Fundamentals all properties purchased at a tax sale must be paid for – IN CASH (or equivalent) – in full – on the day of the purchase, and usually at the actual…
Looking for a free list of foreclosure properties? Ironically, these lists are free if you know where to look! Below is a list of choices you can choose between in order to organize your list. The determining factor will be the amount of effort you wish to spend. Services – There are many services that, for a monthly fee will send you the listings and others that will provide them for free if you register for their services. If you are looking for a free list of foreclosure properties, this is primarily where they are located! Lender Databases- There are…
Eviction after Foreclosure is one of the most dreaded steps of the purchase process for any type of foreclosure. A tax attorney may be needed if your case gets complicated, but a simple eviction after a Sheriff Auction purchase should not require a tax attorney. No one wants to ruthlessly throw a person, or worse, a family, into the streets. However, when you buy a property from a Sheriff’s sale, you are buying a home where the previous owner could not pay taxes for many years. Taxes were a small percentage of his mortgage. If he could not pay his…