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Foreclosure in Houston : Real Estate Advice

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Activity 163
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
Tue Jan 24, 2017
M_creative_m asked:
For example, let's say: I will buy a house for $30k. Is the 30k the only thing I will pay? or maybe there are other liens I will need to pay for after
0 votes 0 Answers Share Flag
Sun Jan 15, 2017
Tiffany asked:
I see there a lot of abandon house that no one lives in and I want it myself but fix it up as well.
0 votes 0 Answers 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
0 votes 1 answer Share Flag
Sat May 28, 2016
Daniel Nevy asked:
Thu Apr 14, 2016
Nelly Schmidt asked:
Thu Apr 14, 2016
Samantha Morales asked:
Thu Apr 14, 2016
Anecia Lewis asked:
Wed Apr 6, 2016
Kevan Pewitt answered:
You need to post the address of a property in your question for specific questions about a property. Details about specific properties that are scheduled to be foreclosed on, but have not yet been listed for sale are very difficult to find any information on. You usually have to wait until they are actively listed for details about the property. ... more
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Thu Mar 3, 2016
Barbarascott399 asked:
Tue Feb 16, 2016
Kim asked:
Mon Feb 8, 2016
Mattharris616 answered:
I hear that foreclosures are backed up in the courts in Harris County Tx and if so how long does it take to foreclose starting with day one when the foreclosure has been filed? How many days until I can buy that house from the person that is getting foreclosed on? ... more
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