The taxes are for the maintenance and building of schools, city, water and sewer systems, There is also the Home Owners Association fees. They maintain all the landscaping and pools etc. in the community and common areas.... more
The lawyer from the bank is not going to call you back so don't waste your time on that. If you can't get in touch with the owner to make an offer to purchase the property, then your only other option is to wait for the bank to foreclose. If you are a seasoned investor you may be able to purchase the home at the foreclosure auction, however that is something that is usually only done by the most experienced investors and you reallly need to know what you are doing and have funds in place in order to pursue that option. If not, if the bank takes the home back, you will have to wait for them to put it back on the market, through a real estate brokerage, as a bank owned property. And THAT could take a very long time as the banks are in no hurry to get these homes off their books. Bottom line, if you can't get in touch with the owner, it's probably best to move on.... more
I am not sure whether you are speaking of a property that we should know the status off or are asking in general. I have experience both situations in the case of post foreclosure. I have dealt with foreclosures where the homeowner is still there and an evicition process in required following foreclosure, and I have experienced the home being vacant before foreclosure.
I have heard attorneys recommend that in both cases you file eviction paperwork anyway so that you have the paperwork set in case they try to come back. I don't this happen often because people try to avoid the additional costs.
You can encounter both situations and there is really no way to know what the owner plans to do, specially if they are attempting to ride it out as long as they can during foreclosure.... more
You have a great question and you are going in the right direction. I personally don't have the exact information but here are possible reasons for this property to be in the market for such a long time and nothing has been happening.
Homeowners were trying to do a remodification due to financial hardship? This can certainly delay the foreclosure.
The homeowners are trying to conduct a short sale (FACT)! As it is listed on HAR and when that happens the bank allows them to do a short sale and hold the foreclosure proceedings. The property has been in the market for quite some time now as a matter of fact.
You are right, finally the court has sign and allowed the foreclosure proceedings which are held every first Tuesday of the month. Here is the exact quote from the website
Property sales are held the first Tuesday of each month and generally commence at 10:00 a.m. at the Fort Bend County Justice Center Parking Garage, 1418 Eugene Heimann Circle, Richmond, Texas, in Level 1 of the parking garage at the south end, west corner, near stairway B . Bidder is responsible for all property research. All sales are without warranty as to the size, location and condition of the property, as well as any claims against the property. All sales and resales are FINAL. All Constable Deeds are Quit Claim Deeds. Terms: cash or certified bank check at sale. Properties sold by Fort Bend County are listed on the: delinquent tax attorneyâ€™s web site at www.publicans.com; and on the County Clerk's research web site at http://ccweb.co.fort-bend.tx.us. Select Official Public Records. Enter document type as Foreclosure (leave all other fields blank). .
You can also bid on this property but remember if nobody bids the minimum threshold; the bank will turnaround this property and sell it under foreclosure status. If I were you, I would go to a title company to have a title search done on this property which they charge a very nominal fee. This way you can know what lien is on the property that you will have to take care of it personally such as property taxes, HOA fees and any other liens.
I do know for the fact that this house needs some repairs too as I have done reserach on this property for one of my clients.
Hope this help and contact me if you have any further questions or information that is needed.
REALTORÂ®, ABR, GRI, SFR
Short Sale & Foreclosure Certified
REALM Professionals, LLC
Once you receive a foreclosure notice you also receive at least 20 letter from different attorneys. They all tell you how they can hold off foreclosure. They look for any point that can stave off the impending situation. Foreclosure postings are usually once a month. If you can get by for what ever the reason you have bought another month. If you make a deal with the mortgage company, they will give you more time. This may go on for a while. The mortgage company does not want to foreclosure because of the cost involved; but when all avenues have been exhausted they have no choice. Their only leverage is to threaten foreclosure or to actually do it. If the mortgage company forecloses the listing will go to who ever they choose, it might even be the same agent as it is now because of that agents knowledge of the property.... more