I bought a foreclosure.... Now what?

[Derek Nemec]

Hey there everyone!

I recently attended a foreclosure auction at my county courthouse and came across a trustee sale for a SFH in town. I bid and won the auction and paid for it immediately upon winning in cashiers checks. (105k)
I seen the property on auction.com, and before the auction: I checked property taxes and they were all paid up. Checked the county records and appeared to have no remaining liens. My questions now are (being it my first foreclosure), when do I get the deed? Do I get to pick the closing company? Should I go to an attorney now and ask for assistance? 

Thank you as always BP!
- Derek

[Randall Alan]

Quote from @Derek Nemec:

Hey there everyone!

I recently attended a foreclosure auction at my county courthouse and came across a trustee sale for a SFH in town. I bid and won the auction and paid for it immediately upon winning in cashiers checks. (105k)
I seen the property on auction.com, and before the auction: I checked property taxes and they were all paid up. Checked the county records and appeared to have no remaining liens. My questions now are (being it my first foreclosure), when do I get the deed? Do I get to pick the closing company? Should I go to an attorney now and ask for assistance? 

Thank you as always BP!
- Derek

 I would reach out to your county clerk’s office (presuming that is who manages the auction.)  In Florida there is a 10 day period where the property can be redeemed (ie. The owner can make a payment after the foreclosure and get their property back.  You would get the monies you paid back as well), so the clerk holds the title for 10 days, then it comes in the mail.  Where I’m at, the County Clerk bafically acts as the title agency and when you receive your deed in the mail the property is yours. So no need for a lawyer or title company… but I can’t speak to Texas.  But I think a phone call to the clerk’s office will give you lots of answers.

All the best!

Randy