Foreclosure in Memorial>Question Details

merlotexas, Home Buyer in Houston, TX

I am interested to get more information about the townhouse located Boheme Dr Houston 77024.Who is the contact agent?

Asked by merlotexas, Houston, TX Mon Feb 25, 2013

--
This question was asked from this property: http://www.trulia.com/foreclosure/3109508077--Boheme-Houston…

Help the community by answering this question:

Answers

3
Al Geffon’s answer
What you see is a posting by RealtyTrac, a reporting service specializing in financially distressed properties. Information here isn't always up-to-date. The home may never come up for auction, be postponed, or have already been sold. You'll need to check with the tax collector's office to see what homes will go on the block, and when. Notice that the actual physical address is not listed ... that's intentional. RealtyTrac wants you to subscribe to the service ... it's their gimmick to bait house hunters looking for that elusive bargain, which usually doesn't exist.

Please be aware that auctions are conducted on a cash-only basis ... you'll need to submit certified funds in order to be able to bid. If the sale exceeds the amount of your check, you'll have 30 days to remit the balance. The homes are sold "as-is, where-is," with no opportunity to view or inspect the property until you own it. There's always the possibility that it will need considerable work ... foundation, under-slab plumbing, roof, etc. Your competition will be experienced investors, who know of the pitfalls and have the wherewithal to make the necessary repairs and improvements. You need to ask yourself whether you have that kind of money and are willing to take the risk.

The figure quoted will likely be the opening bid ... expect the home to sell for considerably more. These "courthouse steps" auctions are obviously not for the faint of heart. Proceed with caution ... I wish you well.

Al Geffon
(713) 213-6350
al@geffon.net
Web Reference: http://www.har.com/algeffon
1 vote Thank Flag Link Mon Feb 25, 2013
Boheme Notice of Sale. This property is scheduled for a public foreclosure auction. A public foreclosure auction is scheduled when a homeowner in default does not stop foreclosure proceedings within a certain timeframe determined by state statute. Properties are typically auctioned in a public location, such as the local county courthouse, by an attorney or local public official. Auctions can be great opportunities to buy property below market value, but usually dont allow for property inspections and often require full or partial payment in cash depending on the auction process in your area.


Joe Cano - Realtor/Locator
(281) 785-5132
joelocator.com
1 vote Thank Flag Link Mon Feb 25, 2013
What you have linked to is a notification of a legal actions and not an offer to sell that house. Al Geffon (below) has nailed it!

You should seek the advice and help of a local Realtor in order to achieve your dream of home ownership.
0 votes Thank Flag Link Mon Feb 25, 2013
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer