All Forum Posts by: Chad Coleman

Hello All:

I need your advice, I am located in North West Fort Worth, TX. I put my house for sale a month ago (late October) and there was no showings so far, the house fairly priced and it is in a great condition inside and outside. with a good neighborhood (2010 when it was established).  My realtor told me to re-evaluate later in December. 

I haven't done rental before, so I was thinking if the house doesn't sell, what about considering putting it for rent? or just keep it on the market until it sells? my plan is to leave it on the market until Late January then try to put it for rent but the more I am thinking about it now, it could take also another two or three months to even get a tenant as I see in other houses for rent in the area. 

The house is two story home with laminate flooring all through the house except the bathrooms and kitchens, I have been taking a very good care of it without any scratches so my concern about renting it is if the floor gets damaged and I have to redo it all over before putting it back on the market along with do HVAC repairs (It is 12 years old system and running great but I am sure in the next few years will need some care in Texas heat).

Currently, I live like 12 miles away from this house, Any thoughts would be appreciate it. Thanks. 

Hello all: any insights or someone been to a similar scenario and would like to share their knowledge would be appreciated.

I am interested in a property coming up in a trustee sale at the court steps which has a child support lien on it. It is approx 6k which was filed in 2020. What would going to happen with this lien after the sale? I did not find a clear cut answer on this.

If the bidding winner pays more than the amount owed by the defaulted owner, is this would pay for the child support? And who would request this payment?

Can the property get title insurance right after the sale?

Thanks.

 Thanks, Yes, the first mortgage is foreclosing.  so what would happen to the sheriff's deed and the quit claim deed? 

I found a property is about to be foreclosed on by the bank (1st mortgage). Looking up the history and found that the property was sold approximately 1.5 years ago in the sheriff's sale due to HOA payment default and has a sheriff's deed. First question here is, could the sheriff's deed survive the foreclosure sale (at the county steps)

What is more interesting is that the new owner (who bought the house from the sheriff's sale) has a quit claim deed a few months after the sale was conducted from the previous owner (the one is about to be foreclosed on) Second question, what the quit claim deed is for? I would assume that the previous owner sold the house to the new owner but really confused here so if this is the case why the bank is still looking for to foreclose on the property? I don't see any release on the title research so I guess the loan was not cured. The property is located in Texas

Any thoughts would be appreciated.

Thanks, it is a trustee sale not a tax sale so yes I got a substitute Trustee Deed. I don't think there will be a redemption period.

Thanks, it is a trustee sale not a tax sale so yes I got a substitute Trustee Deed. I don't think there will be a redemption period.  

Anyone could please give me insights on this matter, I bought a foreclosed property off the county auction and would like to keep it for rental but for the piece of mind thought to buy a title insurance on it. Contacted two title insurance agents and they informed me that I can't do it unless I refinance or sell it and the next buyer would get a title insurance.  My question is since there was no normal closing and this is a cash buy off the auction, can I get title insurance? Thanks 

I am wondering what are the risks in this case? the previous owner passed away 6 month ago and the house is currently vacant.  The probate case type which is open letter of independent administration was opened two weeks prior to the sale. The auction sale value is more than what the persons owe.  There is barely any equity on the house and possibility the deceased person started to fall behind payments. Not sure what are the risks, I have read that the sale could be voided or it will be valid but I won't be able to get title insurance if I decided to sell the house! The house has furniture and a car in the garage, at this point, I am not planning to touch anything in the house until I figure out what is the exact situation.  Please advice with what course of action that I need to take, I am not sure who is the person that putting the probate case, it seems to be not first degree family member. thanks in advance for help