MORTGAGE FORECLOSURES
Before the Auction (Preforeclosure)
- Preforeclosure lists are available as early as 9 weeks before the auction
- Some homeowners choose to sell their property to investors like you in the weeks after the foreclosure notice is posted but before the foreclosure auction
- Some homeowners choose to file for bankruptcy, or loan modification or bring the loan current to prevent foreclosure
- Our preforeclosure posting list is updated daily and is a source of hundreds of investment quality leads
At the Auction (Foreclosure)
- The foreclosure auction in all 254 counties in Texas is on the first Tuesday of the month (unless a federal holiday then the following day)
- Properties are cried out the public by a trustee representing the bank
- All properties are either sold to a third party bidder (such as yourself) or foreclosed to the bank
- $49 Million in equity was acquired by investors like you at the Harris County, Texas foreclosure auctions in 2024
After the Auction (Post Foreclosure REO)
- This is when the property becomes an REO and title is transferred from the delinquent owner to the bank or mortgage company
- About 30% of properties posted each month will reach post foreclosure
- Our Post Foreclosure reports show the opening bid, final bid and whether the property sold to a third party bidder or foreclosed to the lender
CONSTABLE SALES
Tax Foreclosures
- Our Constable Sale Posting Lists are available starting 30 days before the auction
- These are properties posted for upcoming auction due to a property tax delinquency
- There are all types of properties on this list such as homes, gas stations, office buildings, residential vacant land, commercial, etc.
- This type of foreclosure has redemption periods
HOA Foreclosures
- These are properties posted for upcoming auction due to a Home Owners Association delinquency
- These include homes, condominiums and townhomes
- This type of foreclosure will likely have a redemption period
- Mortgages and other liens will likely survive this type of foreclosure
Judgment Foreclosures
- Judgment foreclosures are forced sales of non-homestead property to cure a judgment
- These include residential and commercial property types
- This type of foreclosure does not have a redemption period
- Mortgages and other liens will likely survive this type of foreclosure
Tax Resales
- Tax resales are properties that were previously Struck Off to the taxing authority at a prior auction. They are back up for public auction in hopes to sell to a third party bidder.
- Tax resales often times have very low opening bids
To take a video tour of the foreclosure lists detailed above click HERE