All Forum Posts by: Brown Malo
Brown Malo has started 7 posts and replied 16 times.
Post: I need to foreclose on a property that I owner financed. Where can I find info?
- Waco, TX
- Posts 16
- Votes 0
Hello,
I have a property I sold and carried the note for the buyer using Owner Finance. They have failed to pay and I need to foreclose on them. Where can I find information to make sure I am doing everything correctly? It is in May, TX and I am having trouble finding Real Estate Attorneys that are willing to work in that area. Is there a website or a book I can follow to make sure I do all the necessary steps to get this accomplished?
Post: Tax deed investing for clients
- Waco, TX
- Posts 16
- Votes 0
Hello, I need guidance on tax deed investing for others in Texas. I have clients that have funds to invest but can’t go to the auctions. I would like to know the rules on how I can do the auction option for them and easiest way to get the property to their name? I’m also looking for a tax deed expert. I would love to buy an hour of your time for all my questions. I need experts in Texas just in case rules are different. Thank you so much!
Post: Looking to Invest in a rental in Waco
- Waco, TX
- Posts 16
- Votes 0
Try to get near Baylor Campus for Waco. There are some duplexes right now that have great potential. Message me and I'll send you the link.
Post: Company to manage Owner Finance
- Waco, TX
- Posts 16
- Votes 0
What is the 3rd party servicer you recommend?
Post: Company to manage Owner Finance
- Waco, TX
- Posts 16
- Votes 0
Hello,
I am looking for a company to draw up the loan documents for a property of mine that I am doing Owner Financing for the buyer. I also need a company that will manage the payments from the buyer. They will send the buyer all the required legal notification if they fall behind on payments. They will start the foreclosure process if the buyer falls into that category. Is there a company that will do all that? I live in Texas if that is needed information.
Post: Sale of Constable Deed
- Waco, TX
- Posts 16
- Votes 0
Hello,
I am in Texas and have bought a house at a tax sale. It was not Homestead and I have waited the redemption period to expire. I was wondering if there is a way to sale the Constable Deed I have, to another person without going to a title company? Can I just go to the courthouse with the buyer and sign over the Constable deed to the buyer? They are aware it’s only a Constable Deed.
Post: Texas tax sale property insurance
- Waco, TX
- Posts 16
- Votes 0
Thank you all for your tips. You are very nice to help.
Post: Texas tax sale property insurance
- Waco, TX
- Posts 16
- Votes 0
Originally posted by @Bruce Lynn:
@Brown Malo You have to be careful with mobile homes at tax auctions. Sometimes they sell the land and mobile together, sometime separately, so you have to find out what you bought.
Sounds like you bought both, but you have to find out or know what you bought.
Mobiles here in Texas can be real property or personal property. You can check with TDHCA or your title company to see if it is real (joined with the land) or separate. If real property, you'll probably just want to get that documentation from TDHCA and then give it to your insurance company. Real property has to be tied to a foundation and more or less permanently installed, wheels taken off and tongue/hitch removed. Typically they'll only do this once when it is installed. You may be able to get it turned into real property with TDHCA since it has gone through foreclosure, but not always easy to do and they won't always do it. A good title company that regularly deals with MH may be able to help you do all this, for a fee of course.
Chances are you will need to do all this or find it out if you ever want to sell.
Good luck.
Hey, thank you for all this info. I truly appreciate your help and will follow through on your recommendations.
Post: Texas tax sale property insurance
- Waco, TX
- Posts 16
- Votes 0
I won a tax auction in Texas for a property a little over an acre with a Mobile Home on it. The Mobile Home number is on the deed. The property is still within the redemption period, but I'd like to put insurance on it. I tried and the agent said they'd need my name on Title to issue a policy. I have the deed, but no title. Does anyone know what I can do? What do y'all typically do for properties purchased at a Texas tax auction still in the redemption period? Thank you for your time.
Post: I just purchased a Tax Deed from Brown County Texas. What's next?
- Waco, TX
- Posts 16
- Votes 0
Do HOA fee's stay with the property or just the previous owner who signed the HOA documents?