Houston, TX · Member since 2016 · 51 posts · 8 votes
Hello,
I plan on attending the Harris and Galveston County Foreclosure Auctions every first Tuesday starting in March. Is there anyone local to Houston/Galveston that participates in these that needs assistance reviewing listings or with some part of their process? I want to get involved, but I need someone to guide me. I am offering to trade my time for knowledge.
Houston, TX · Member since 2016 · 11 posts · 5 votes
9y
This was a post by David C. on Harris County Tax Auctions. I'm not sure they're quite the same thing you're looking for, but there's a lot about the auction environment, esp in Houston, that I found very useful.
Wholesaler · Lehi, UT · Member since 2015 · 333 posts · 144 votes
9y
@Alexander Timberlake You can get most of the info on the page that talks about Harris County and Houston County on www.lgbs.com. I have been there many times and I can say that looking over the listings when you are about a week away will save you time and energy. The listing does not come out until after the 15th of every month and many of the listed properties will be cancelled due to payment. It will be a lot of spinning wheels if you haven't got a legitimate list work from. You will pre register on the county site and you will also have to sign a form online stating that you don't owe any taxes in Texas. Once you are at the auction if you immediately start bidding on a property that someone else has interest in it will become a bidding war. You must set your ceiling and stick to it. Start jumping into the auction when it gets closer to the amount you would be willing to pay for a property and keep in mind that once you are the winning bidder you get to collect rent, live in, evict, or whatever you want even though there is a redemption period. If you are working with the tax trust properties you just make and offer and if the offer is accepted then you have a property to work with. Make sure once you are the winning bidder of an auction that the property owner has been served proper notice so that your time counts. Some people have won a property and still not been able to take ownership when the redemption period was up because the mortgage company was not notified of the winning bidder and the tax auction. Most counties will be on top of that but you want to make absolutely positive. Good luck with your bidding. Let us know how it goes and don't get discouraged if you don't get a property your first time around. The first Tuesday of every month comes around again.