Zillow is a free, on-line resource that reports home values from across the country to the public. Information is reported to the website by realtors is also gathered by the website from public databases. It then uses all the information to compare and form its’ own interpretation of the data. How do I Effectively Use … Read more
Chapter 34.01 of the Property Tax Code describes the Sheriff Sale Process. A Sheriff Auction, Sheriff Sale, Tax Sale and Tax Auction are all the same think. This process is followed in all counties in the state of Texas. They are an excellent starting place in understanding the Property Tax Foreclosure Sale process! These guidelines … Read more
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 … Read more
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, … Read more
Tax Sale Registration begins with registering to bid on the tax auction. Not all counties require this step and you must check with your individual county to know if this step is required. For easy reference, I have included this information for most counties on your County Reference Page at the bottom of the page. … Read more
Tax Deed Mistakes can make the difference between a lucrative deal and a financial disaster!!! Know before you go!! I cannot say this enough! What mistake am I referring to? The mistake made over and over again at every sale – Not knowing how much you will owe IN ADDITION to the sale price, is … Read more
Analyzing Tax Foreclosure Property is a critical step! You have accumulated all of your data, and now you have to compare the properties to decide which is your best prospect. An Excel spreadsheet (or the equivalent) is the easiest way to compare Tax Foreclosure Property. I find three documents work best – a General Comparison … Read more
Securing Tax Lien Property can be tricky! The law is unclear as to what you are allowed to do! You have won your property and you are excited to take over your purchase! Definitely, go to your property as soon as possible and take an assessment of the situation. Is anyone living there? Of course, … Read more
Tax Lien sales differ from state to state DRASTICALLY! A state like Texas sells Tax Deeds where the buyer purchases and receives the actual property, but other Tax Lien Sales are actually selling the “liens” and not the properties. In these states, a purchaser will not be the owner of the property, but is actually … Read more
A Tax Sale List is the list of Tax Foreclosure Properties (properties foreclosed upon due to non-payment of property or county taxes) which will be sold to satisfy property and county tax liens at a Sheriff’s Sale or Constable’s Sale. There are several different methods for obtaining a these lists and the method which you … Read more