All Forum Posts by: Roberta Langford

Thx,Wayne.
Correction above, my future realtor advised against my buying at foreclosure auctions--and buy on open market.
I looked at onsite/outdoors on all potential properties and they are all vacant and locked--one has A/C compressor stolen. Factoring that cost in my price.
So title search is the way to go. Maybe I should narrow it down to 2-3 properties that I may afford and win for max 110 k.

Hi,
I am taking the plunge for first property in TX. I work in the healthcare industry, and I am the driving force on this--hubby is a stock investor. But he is supportive and agrees diversification is good.
We own our own home, have no debt. I have about 110k in cash--will pay via cashier's check. A real estate agent advised auctions , and buy on open market instead--to divert potential problems. I could borrow for future properties if I own 2 properties free and clear. Also realtor said to save cash and get a loan, but if I can buy property for 20+% less via foreclosure I would prefer that personally. Nevertheless I am turning in loan application for pre-approval currently--but looks good for future financing.

I know the home values in the open market on the 3-4 SFHs--I would like only one. I have attended a portion of the county auctions in April and May to see what it entails/ & feel less intimidated--read BPs wonderful forums when possible. I have checked old forums and found something re: title check.

I have scouted the pages at the county deeds/liens onliine each SFH of interest. Though had some confusion on abbreviaton-- nice co. clerk said to come in and would help me check onsite at co. courthouse.

So anything else I am forgetting...title search? Please help me and I hope to return the favor in the future. I am losing sleep and fingernails ;(--and want to make and an educated