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All Forum Posts by: Khanh Tran

Khanh Tran has started 15 posts and replied 42 times.

Post: Tax Lien Redemption Problem (Took a loss in these streets......)

Khanh TranPosted
  • Pearland, TX
  • Posts 42
  • Votes 0

How does the redemption interest rate calculated? Daily, Monthly or Yearly?

Post: How to get this commercial leased

Khanh TranPosted
  • Pearland, TX
  • Posts 42
  • Votes 0

@Bharath Raj : Any luck with your medical office? Did the new listing agent able to lease out your medical office yet?


Are you referring to Title company when you mention "real estate attorney"? Or Hiring an attorney to review the contract and you will record the contract by yourself? 

Post: Can a Foreclosure Sale Be Rescinded?

Khanh TranPosted
  • Pearland, TX
  • Posts 42
  • Votes 0
Originally posted by @Wayne Brooks:

Yep, that makes it a do over. In 45 days or so you can likely bid on it again.

 :) Yeah. It hurts but we need to look for other opportunity.

Post: Can a Foreclosure Sale Be Rescinded?

Khanh TranPosted
  • Pearland, TX
  • Posts 42
  • Votes 0
Originally posted by @Greg H.:

Unfortunately,  the foreclosure would almost certainly be overturned by the court as the Trustee screwed up. Obviously 1 day made zero difference but the law is clear on the required steps

I would undo the transaction and receive my funds back and move on.

 Thank you. It is hard to accept the fact :). I guess It is time to move on.

Post: Can a Foreclosure Sale Be Rescinded?

Khanh TranPosted
  • Pearland, TX
  • Posts 42
  • Votes 0
Originally posted by @Tom Gimer:

Anyone who says not to worry about this is giving questionable advice. The issue is whether the sale could be rescinded if the facts as stated in the attorney's letter turn out to be true. At least get an answer to that question.

The trustee gave only 20 days notice instead of 21 days. The trustee said we need to receive the money back. I felt so disappointed. The sale has happened more than 20 days and we have to get the money back. Should i hire a lawyer?

Post: Can a Foreclosure Sale Be Rescinded?

Khanh TranPosted
  • Pearland, TX
  • Posts 42
  • Votes 0
Originally posted by @Rocky V.:

You are now the legal owner of property.  They need to talk with Trustee or Bank that filed foreclosure.  Are they still living in residence?

I just received an email from the attorney today. He also send a certified mail to me & Trustee. I had talked to the Trustee and he said he will email back to the client's attorney later. The client's attorney letter said if i don't sign the rescind sale agreement then he can sue me, bank and trustee and i have to pay for the attorney fee. Btw, this is commercial property.

Post: Can a Foreclosure Sale Be Rescinded?

Khanh TranPosted
  • Pearland, TX
  • Posts 42
  • Votes 0

It is Non-Judicial foreclosure sale (Trustee). So i don't think that law is applicable.

Post: Can a Foreclosure Sale Be Rescinded?

Khanh TranPosted
  • Pearland, TX
  • Posts 42
  • Votes 0

Hi,

I bought a property at the foreclosure sale in Texas. The deed has been recorded and the sale had happened more than 15 days. However, i received a letter from previous owner's attorney to demand for rescind the foreclosure sale. Can a foreclosure be rescind? Is this possible?

Thanks 

Post: How to get this commercial leased

Khanh TranPosted
  • Pearland, TX
  • Posts 42
  • Votes 0

Bharath Raj: Did you have any luck about the new hired commercial real estate broker? Who did you decide to hire? I have a small medical office (1242 sqft) in Angleton, Tx. I just listed my property on MLS and LoopNet. I am not sure should I hire commercial real estate broker or it is ok to use residential agent since my property is small.