All Forum Posts by: Kristi K.

I agree you should protest. I protested 6 properties in central Texas this year and they knocked off $247,000. All I did was send in 3 comps for each property that took my realtor 10 minutes to pull from the recently sold data.

1 Vote

Galveston, Texas

Quote from @Basil Mulayamkuzhiyil:

I'm a new investor trying to learn about delinquent tax sales and sheriff auctions in Texas. What are the differences between these two auctions? Do they wipe out all liens?

You need to talk to the lawyers that are doing the sale to find out about the liens.

0 Votes

Fort Worth, Texas

Quote from @Eliott Elias:

They do, you have to worry about a buy back clause the person who got foreclosed on has. In Texas they have 2 years to buy it back from you

This is not correct. Forclosure is permanent. Tax sale properties have a 6 month rights of redemption (the original owner can buy back) unless it’s land or homestead then they have 2 years to buy it back but they must pay you 25% interest plus what you bought it for during the first year and 50% interest the 2nd year.

1 Vote

Fort Worth, Texas

Quote from @Roselin G.:

hello!

He also brought a dumpster to the house..not sure why??? He is a well known builder around the area and has built other homes we know of.

Dumpsters cost a lot of money to rent. It doesn't make sense that he would bring it without a start date or agreement on what work is going to be done. I wouldn't work with someone like this. Find someone else.

0 Votes

I won an auction on a house and the contract consist of a Quit Claim Deed.

@Charles Mazzini Was it a tax sale or a foreclosure sale? The answer is different depending on what kind of auction it was. I’ve bought several of each here in Texas the last few years. The only difference for me is once the auction is over and you have “won” there is no getting out of the deal. You own it now.

0 Votes

Houston, Texas

All Forum Posts by: Kristi K.

Kristi K. has started 16 posts and replied 365 times.

Post: Go Protest your Taxes!

Post: DELINQUENT TAX SALES

Post: DELINQUENT TAX SALES

Post: Trustworthy contractor or no?

Post: Quit Claim Deed, Yes or No?