Foreclosure Auction in Collin County TX - Plano & Frisco
Hey BP,
I will be attending the Collin County auction tomorrow at the court house. Is there anyone here going?
I'm not looking to purchase anything tomorrow, just want to watch. Is there anything specific that I should be looking for? I've pulled all the addresses that will be up for auction and put them in a spreadsheet. I then looked at comps for all the properties that I liked and figured out what I think is a good price to buy them at. I'm hoping this can give me some insight on whether or not this is a feasible option for flips.
I've learned from other threads to avoid HOA foreclosures since you would immediately owe the mortgage in full. I also know that not every mortgage foreclosure is a 1st mortgage. So before I'd ever consider bidding, I would need a competent title rep to research.
Paying cash is not a problem. I believe texas requires immediate payment.
Rob