All Forum Posts by: Nancy Truong

 I missed it . Whens the next one?

My law partners story - she use to buy tax liens and tax deeds for only a few thousand dollars at foreclosure sales. Put up a for sale sign while fixing these properties.  She would sale them and repeat.  Eventually she made enough to buy to buy a multifamily. Anyway,  start small, and grow your nest.  

Love your introduction and welcome to Bigger Pockets and US!!! I wish I can visit your home country some day.  If you ever hit up Texas, feel free to connect with me. 

You have a unique combination of experience which can give a different perspective on real estate. I bet your background as a firefighter and construction means any building you own will be tip top . Welcome to Bigger Pockets! 

Hannah! Welcome to Bigger Pockets! You've come to the right place.  This community has so many helpful people. I'm an active investor and live in Texas as well. The opportunities are there. Good luck with your journey.  I hope we cross paths someday.  

- Nancy Truong, Texas Attorney

If you don't want them on the property, I suggest starting the eviction process right away. 

I would start with Youtube videos. There are plenty of excellent ones. Another recommendation is to go to a live auction. When I started out, I went to a live auction and asked around. This was 15+ years ago when there weren't much information on the internet. You can also private message me. My law partner is a foreclosure attorney and foreclosure consultant. She may be able to provide some time to answer some of your questions. Also, on our law firm website : Waltertruongpllc.com has a few articles on Texas foreclosures. Good luck!

-Nancy Truong, Texas Attorney

In some states ex. California or Texas, after foreclosure, you'll have to evict the people from the property (if you choose to require them to move out). Foreclosure is about ownership of title whereas leases are about possession of property. These are two separate property laws. 

If the eviction process is long, consider other options such as cash for keys or lease the property to those tenants.

-Nancy Truong, Texas Attorney.  

Best practice is to get a title search abstract to get the history of the title. Generally, there are 3 types of foreclosures; tax foreclosure, trustee sale, HOA sale. Most states, tax liens have priority. Trustee sale and HOA sale may or may not have other liens wiped out after the foreclosure sale. Again, best practice is get a title search abstract.

- Nancy Truong, Texas Attorney

You can find them in the court records for judicial foreclosure proceedings. Non-Judicial and Judicial foreclosures must have Notice of sale prior to foreclosure. 
You can look in the real property records for notice of sale.

-Nancy Truong, Texas Attorney