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Foreclosure in Houston : Real Estate Advice

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  • Local Info307
  • Home Buying1K
  • Home Selling132
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Activity 173
Sat Sep 23, 2017
sharonaldoz asked:
Fri Jul 7, 2017
Davis Martinez Loan Officer answered:
Not for sale at this time. Looks like they took it off the market for good.
0 votes 1 answer Share Flag
Sun Jun 25, 2017
Susie Kay answered:
It's best to work with a local realtor to assist you.
0 votes 1 answer Share Flag
Sat Jun 24, 2017
Rendog_8 answered:
0 votes 14 answers Share Flag
Thu Mar 23, 2017
Msmit4940 asked:
0 votes 0 Answers Share Flag
Sun Mar 12, 2017
Scott Godzyk answered:
YES and why you need to complete a title search before the auction as well as checking with town or city tax offices
0 votes 3 answers Share Flag
Fri Mar 10, 2017
Ben Hughes answered:
Fri Mar 10, 2017
Ben Hughes answered:
If you are looking in Texas just send me a message and I can tell you all about it.
0 votes 3 answers Share Flag
Fri Mar 10, 2017
Ben Hughes answered:
Hey Michael. I can send you some comps for the area if you want to send me a message.
0 votes 1 answer Share Flag
Thu Feb 16, 2017
Bernard G. answered:
Hello,

I have emailed you regarding this concern.

Regards,

Bernard
Consumer Care Advocate
0 votes 1 answer Share Flag
Fri Dec 23, 2016
Mark McNitt answered:
Maria,

There are too many variables to put here. But in general terms, if your credit scores are 650 or better and your future mortgage payment (including taxes, insurance on a monthly basis) is no more than 1/3rd your take home pay, then I would say you likely can qualify for a mortgage.

The lender will then look at outstanding debt, your job/income and other factors to determine if you can get a loan. Speaking to a lender in advance of looking and knowing what price range you should be searching will help you save time and keep you from getting disappointed.

Be prepared to gather up a lot of paperwork such as your social security card, past tax returns, all of your bank statements, etc. The following is a link to several lenders that I recommend to my clients. They can assist you when the time is right.

http://www.markknowshouston.com/houston-home-mortgages/

Mark McNitt, Bernstein Realty
www.MarkKnowsHouston.com
832-567-4357
... more
0 votes 2 answers Share Flag
Fri Dec 23, 2016
Mark McNitt answered:
Hello Gerri,

Some foreclosures are easier to buy than others. Many banks/institutions will sell their foreclosures in other ways such as an auction off of their web site. The government will auction the home at the court house steps (typically the 1st Tuesday of every month in Harris Co-Houston). And others will list the home with a Realtor.

Don't assume the foreclosure "price" is such a great deal! The bank, etc needs a return to cover their cost, outstanding loan, etc. Having the assistance of a Buyer's agent will be helpful when you plan to purchase a home, foreclosure or not. They can explain how the process works, how they receive their commission to assist you and so much more.

Many foreclosures will not accept an offer that involves financing. Cash is King in many of these situations. If they do accept an offer with you getting a mortgage, have your loan pre-approved, not just pre-qualified.

Mark McNitt, Bernstein Realty
www.MarkKnowsHouston.com
832-567-4357
... more
0 votes 3 answers Share Flag
Fri Nov 18, 2016
Kericaj answered:
Mon Oct 3, 2016
Tim asked:
October 11, 2013 I received a notice of for closure from the county court.
November 2, 2013 the house went to auction but did not sell.
January 7, 2014 the house sold at auction.
I know…
0 votes 0 Answers Share Flag
Wed Jul 27, 2016
Susie Kay answered:
I would suggest that you consult an attorney to establish an LLC.
0 votes 1 answer Share Flag
Tue Jul 26, 2016
Maricris A answered:
Hello,

You can take advantage of our vast network of agents here on Trulia. You may found the link below.

To search for a foreclosure specialist using our site:

1. Go to the link that I provided, enter the location where you're at and click enter.
2. Click the 'More filters' button and choose 'Foreclosure' under specialties.
3. Click the 'Search' button.

We hope your experience with Trulia is memorable and thank you for using Trulia for all your real estate needs.

For future reference, you can feel free to contact us about this type of inquiry through our contact form here:

http://www.trulia.com/help/ask/


Regards,

Maricris
Consumer Care Advocate
... more
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