General Real Estate Investing

User Stats

62
Posts
8
Votes
Nathan Frost
  • Rental Property Investor
  • Wichita Falls, TX
8
Votes |
62
Posts

Bank Foreclosure Sales

Nathan Frost
  • Rental Property Investor
  • Wichita Falls, TX
Posted Dec 7 2022, 11:49

Hi, where and how can I find out when a banker is coming to the courthouse to sell a foreclosure?

Also, what are the steps to refinance a property that is purchased at the tax sales into a 15 or 20 yr note?

User Stats

8,090
Posts
6,318
Votes
Chris Seveney#1 Tax Liens, Notes, Paper, and Cash Flow Discussions Contributor
  • Investor
  • Northern Virginia
6,318
Votes |
8,090
Posts
Chris Seveney#1 Tax Liens, Notes, Paper, and Cash Flow Discussions Contributor
  • Investor
  • Northern Virginia
Replied Dec 7 2022, 17:18

@Nathan Frost

Foreclosure auctions are listed in legal notices but today half of them don’t end up going through because borrower files bankruptcy

User Stats

7,455
Posts
3,728
Votes
Eliott Elias#2 All Forums Contributor
  • Investor
  • Austin, TX
3,728
Votes |
7,455
Posts
Eliott Elias#2 All Forums Contributor
  • Investor
  • Austin, TX
Replied Dec 7 2022, 21:54

The first Tuesday of every month is when foreclosure property get auctioned off. Call your county and ask for location information. I would call pre foreclosures and figure out a situation before the auction date