All Forum Posts by: Richelle T.

@Andrew Walsh

@Andrew Walsh undefined

Is it a matter of just agreeing to pay the payoff and then maybe something for the seller to help them move?

@Jerry K. 

Thank you!

@Marissa Barrios 

I am looking for tax lien sales in Dallas and Travis County. Travis county is very good for search foreclosures and the like and they have the tax sales listed but I don't find where to just find liens for purchase. I called and the offer clerk was not much help.

For Dallas county I'm stuck. Do you know where to find tax lien lists for these?

That's awesome, @Brian R. 

Do you recommend your gc? I'm going to need to hire out work also so any recommendations for a good one would be great!

I was looking in the Obetz area also. it is a nice working class community that come close to meeting the 2% rule.

Where is the rental you had good sucess with located?

Thanks! So I guess I'll just ask HUD to keep me posted for when the title issue is cleared.

Hi everyone

I have to say that I really enjoy the bigger pockets community. Everyone has been so encouraging that I feel more prepared than ever to invest more. I've come upon a property that I really like but the situation is one that I've not heard of before.

I'm in the market for my second rental and I'm looking at a HUD foreclosure. I inquired about it because I saw that it was back on the market and the agent said that it had title issues that needed to be cleaned up. The foreclosure process was not completed propertly and that there are some leins remaining. She said that it may also be possible to have my offer already submitted for consideration once the title issues are resolved.

Now my agent looked into it more and he says that the property has NO title at all. He's never heard of this and neither have I. He said that it means that the property is not financable. Outside of that, it's a huge risk.

So my question is: does this mean that the property has no title at all? What are my options? Is it even worth it? I was thinking that maybe if there are still outstanding leins that I contact the lein holders and ask if they would settle. Get that in writing, then submit my offer minus the settlement amounts.

Is this whole thing two risky and I should just move on to the next property?

Thanks for any thoughts.

@Tracey Marzich I think I would pursue the option of your dad using his VA status to get the house. What are the minimum occupancy reqs for VA? Could your dad move into the house for a year? Someone will have a loan on their name, you just don't want it to be you!

Also, @Barbara Riley mentioned the VA vendee loan program the other day. I liked it up but I'm not sure it's still available. Essentially it allows investors to get Va loans wether or not they are veterans themselves. If you find out more about it let me know.

if the loan is assumable then yes. Typically VA loans are assumable. Check her loan docs. Otherwise that would be buying it subject to and it would still be in her credit