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Updated about 10 years ago on . Most recent reply

User Stats

32
Posts
9
Votes
Stephen Gregory
  • Investor
  • Round Rock, TX
9
Votes |
32
Posts

Is a pre-Tax forclosure sale possible?

Stephen Gregory
  • Investor
  • Round Rock, TX
Posted

My wife and I have been looking for a new primary for a long time. We found a house that is going to be auctioned next week for a Williamson county tax foreclosure sale. This house is in Texas and the auction is only about a week away. 

My question is this:
Is there anyway we can legally buy the house before it goes to auction and if so how do we do that? Is this a typical kind of situation for finding a motivated seller?
Thx!

Most Popular Reply

User Stats

294
Posts
70
Votes
Mark Scarola
  • Developer
  • San Diego, CA
70
Votes |
294
Posts
Mark Scarola
  • Developer
  • San Diego, CA
Replied

Yes @Stephen Gregory it is possible. If you contacted the current homeowner and they were willing to sell it to you. The advantage to you is obviously avoiding the auction and bidding. The advantage to the homeowner is avoiding foreclosure and preserving their credit. You'd be offering them a chance to start over with a grey cloud over their heads. Of course there's no guarantee that they'd be open to your offer.

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