Foreclosures Help Information

Posts Tagged ‘houston’

Houston Foreclosed Homes

Question: Does anyone know what is required purchase foreclosed homes in a gov auction in Texas?

I just basically want a run down on what occurs and if it is the tax lien only what happens with the mortgage holder..I just don't have a clue in how this works but I know there is a property that I'm interested that is going to be auctioned off at 1115 Congress, Houston, Texas on 5/6 and it seems like getting info is like pulling teeth! there is a 1st and 2nd mort and tax lien..go figure. I've reseached and done as much legwork as i can and i've come up with 3 different trustees, one law firm-got nothing from there, one at the county clercs office- the 'clerks knew nothing found nothing..dead end, and another name that went nowhere. HELP!

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Answer: www.craigslist.com

Foreclosures in Houston, TX

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Foreclosed In Houston

Question: Anyone ever worked for a property management company called Blakes Managemnet Services out of Houston Texas?

I answered an ad in my local paper about cleaning out foreclosed homes and when I emailed them this is who it was. They said they were out of Houston, TX. They emailed me a vendors packet to fill out. Has anyone else ever worked for a property management company that was in a different state and they sent you work orders?

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Answer: Sure all the time I was with Gerald Hines in the heyday we sent daily schedules all over the country

My girlfreind did work for a company from Iowa her daily orders came direct from them
About that company i dont know how they are set up

Brenda Fights Foreclosure in Houston TX

Foreclosed Houston Homes

Question: buying and renting Foreclosed houses in Texas?

Me and my husband are looking into buying foreclosed homes in the surrounding Houston area. We are wanting to rent the first one and if it goes well buy a few more and rent them and move ourselves into one. I think we have to fill out some type of paperwork to be landlords. What exactly will we have to do, in buying the house to renting them. Neither of us have ever bought a house before so we are both lost.
And me asking is trying to educate myself. If your not going to give good advice please dont bother

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Answer: First you need to identify the rental rates and rental demand of the areas where the houses exist. You also need to be wary that investment properties require a higher interest and insurance rates than your primary residence. You also might want to get familiar with your local eviction process and to look into getting approved as section 8 housing.

Everyone wants to be cash positive as a landlord, but this is often not possible when considering vacancy rates, higher insurance, prep expense between tenants, etc. but you need to look at the investment in the big picture by also considering the gained equity over time that isn't being entered into your monthly books.

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