Rental Property Investor · Atlanta, GA · Member since 2008 · 21 posts · 1 vote
I got into the whole tax sale thing and went to the lawyers in charge of it to ask what i could legally do with the property should i decide to buy it. I've also been reading a lot about people writing letters and offering deals to homeowners, which was my idea with a couple properties. When i asked the lawyer whether i could do that, he was very serious when he told me no. On the other hand, he said many of the homes aren't up for auction when the auction comes around because they came up with the money. Hmmm... All of a sudden?
How easy is it to get around these laws? Technically the title is still under they current owners name until the auction, so isn't it their choice? Does anyone else know anything about this? Thanks
Wholesaler · Amarillo, TX · Member since 2008 · 1k+ posts · 659 votes
19y
What laws are you trying to get around? Not only is marketing to people facing foreclosure perfectly legal in Texas, I'd recommend it.
I have this irratating habit of asking why when told that I can't do something. If he's a good attorney then he should know exactly why you can't do it. I would guess that he's going off of hearsay or is just misinformed. Now I am also curious what you mean when you say that you are offering "deals" to these homeowners. What exactly do you mean "deals"?
Anyway, I would recommend that you seek advice from a qualified attorney that specializes in real estate.
Rental Property Investor · Atlanta, GA · Member since 2008 · 21 posts · 1 vote
19y
by offering deals, i mean making offers. I, too, usually ask why; but i had so many questions and i didn't want to lose my train of thought, so i just let it go. Yeah, i'll probably go back and ask. Thanks!