All Forum Posts by: Latora Harris

The person who boughtbought it on a wrap

Yes, the auction was today. The lady who was living there called me a few weeks back, but said she wanted to try and sell it with a realtor,  and apparently that didn't work out for her so she called us a few days ago. I reached out to an attorney, who's also an investor, and a few other people and they basically said the same thing, it's too late. 

Thank you all for your advice, the sale for this property was today so we didn't have enough time to research and get in contact with the bank. I will definitely keep this information in mind going gorward. Thank you all again. 

Hello,

I have a motivated seller who has a difficult situation and I'm having difficulty coming up with a solution.

The property was sold last year on a wrap around mortgage to the new owner. The deed was transferred over to the new owner and they claim to have made payments to the bank. Now the original owner has passed but the wife is still alive. The problem is that the property is now being foreclosed on because the original property owner's mortgage is not being paid. The current owner is trying to sell the property to buy out the property to pay off their mortgage completely. They have been unable to contact the original owner's wife nor anyone else with a vested interest in the property. I'm finding it difficult to wrap my head around this entire deal because it seems that there was some sort of disconnect and if the owner were in fact making payments to the bank instead of directly to the owner then how is it that the property is being foreclosed on? We're currently waiting on a signed consent form to get information from the bank, but I thought I'd reach out to see if anyone has had this experience and if so what would be options (other than speaking with an attorney) to get passed this. Your expertise is appreciated.

Thank you,

Latoria Harris

Hello, 

Yes you can find leads through the bexar county public records website, there is a foreclosure section where you can find leads by date. You can find pre foreclosuresforeclosures there as well. For tax liens, you can go to the tax collectors building and request a cd of all tax delinquents for $250. You can check to see if a particular property has a tax delinquency by going to free public records directory and property tax search. Hope this helps. 

Hello Stephanie, 

Thank you! I've learned tons from this site already. I see you're in San Antonio as well, maybe we can connect. @https://www.biggerpockets.com/users/StephanieB27

Thank you Ayodeji!

Thank you James. I'm excited to be a part of this community!

Nice Hunter, I hope you enjoy Del Rio. Thank you!

Thank you Mario!