All Forum Posts by: Amy Nguyen

Hello, 

I live out of state and just checked the mail to see the letter today. I will try to find an attorney tomorrow and see what we can do.

I owner financed 5 acres of land to a gentleman with an auto salvage business in 2013. I find out that along with the buyer I am named in a lawsuit for unpaid property taxes.  He owes about 5k in unpaid property taxes.  He claims to have made several payments of $500 and $1k for past several years.  However records show no payments for 2015-2017.  The buyer has no clue that he is in a lawsuit or that the case will be going to trial tomorrow.  Correct me if i am wrong but there is potential for the property to auctioned by the county? At this point i feel i should pay taxes to prevent that and should i also forclose on buyer?

Thanks Troy, luckily you had helpful people. The Housing Authority just tells me I need to get the disbursed payment from the seller. The seller does use a PA so I am waiting for their documentation of the security deposit being used for the late rents and for this month's disbursement. The lady sounded nice and wanting to help so I kind of feel relieved, however, it is not over yet. Cross my fingers.

 Yes, I am a noobie. Did not do enough research before purchase. Just learning from experience. 

Listing agent tells me to contact the property management company. Really??

I thought escrow would take care of everything. This is my first time so I really didn't know what to expect. :(

Yes, It does show in the contract. It says, "If the Property is subject to a residential lease, Seller shall transfer security deposits (as defined under §92.102, Property Code), if any, to Buyer. In such an event, Buyer shall deliver to the tenant a signed statement acknowledging that the Buyer has received the security deposit and is responsible for the return of the security deposit, and specifying the exact dollar amount of the security deposit."

I just purchased my first property which is a duplex. One side is vacant and the other side has a section 8 tenant. 

I have 2 issues, the security deposit and the rent payment for this month.

1. I asked the listing agent for the security deposit and she said the tenant was behind on rent so they used it to pay for her rent. I talked to the tenant today and she said that she was behind because she was in the hospital for 3 months but she still paid the rent. I just closed last week so I am in the process of submitting paperwork to switch the section 8 to my name and have payments forward to me. This will take 30-60 days. How can I get that security deposit from the seller? My lease contract in section 9(5) of TREC NO. 20-12 says, "Seller shall transfer security deposits (as defined under §92.102, Property Code), if any, to Buyer." Should I have tenant get it from them?

2. I called section 8 and they said they disburse payment in the beginning of the month so February was already paid for. I closed on 2/5/16 and the section 8 paid 70% of the rent to the owner, the tenant pays the other 30%. How would I go about getting that money for this month? Should I ask the listing agent about it?

After that email, the listing agent called me just now and said the seller will change the date if I remove the 2k seller's contribution. They read my mind :). I asked if she can meet me halfway at 1k. Ahhh!!! I may be saved!!! Thanks all for the advice.

My dad became a realtor to buy land for farming. I had him renew his license just to make this purchase. I did everything myself even with the contract and negotiations to the listing agent. I am pretty much alone in this and my last chance is that email to the seller. If they reject it I will try again by offering to cancel the 2k seller contribution to closing cost.