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Updated over 7 years ago on . Most recent reply

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13
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Garret Ball
  • Bastrop, TX
1
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13
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Need advice before foreclosure auction Tuesday

Garret Ball
  • Bastrop, TX
Posted

Hey everyone, me and a few other guys are looking to get a house at a foreclosure auction on Tuesday. We have done a lot of number crunching to determine our max bid that we will stick to; we are not afraid to pass up on every house if we have to. Some of my concerns are if we happen to get a house with a tax lien still on it, but we have gone to the courthouse where we should be able to get all the information. Does anyone have any other recommendations for being confident with that? Also, my other concerns are with foundation and septic issues. Most of these houses can't be inspected beforehand so is there any way to reduce the risk of finding that issue after the purchase? Thanks

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1,730
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Jason Hirko
  • Lender
  • San Antonio, TX
1,511
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1,730
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Jason Hirko
  • Lender
  • San Antonio, TX
Replied
Originally posted by @Jay Hinrichs:

what kind of tax's  IRS  state  property ??/ all of those are easily found.

the latter is why I will personally never invest in Texas again.. foundations are the bane of my investing existence I recommend becoming an expert at them.. us out of state folks just get hammered.. can't think of a worse state to invest in when you don't live there.. Rant off..

LOL when I was buying HUD houses as fast as I could I would search out the ones with foundation issues - 95% of my competition couldn't get financing on them and renters don't care about a little slope!

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