If you are behind on your property taxes or mortgage payments, you want to act quickly. Texas is the fastest foreclosure state in the nation. If you are behind on property taxes or behind on mortgage payments, you are at serious risk of losing your house to foreclosure.
It’s important to either catch up all of your payments because if you are even behind a few dollars, you are still considered delinquent. I had a client who caught up all her mortgage payments, but the mortgage company had bought an additional hazard insurance policy on her home. Because she disagreed with that, she didn’t pay it, so the mortgage company still considered her to be behind on payments.
Luckily, we got her home on the market and got the house sold so that everything the mortgage company said she owed was paid off. And, she made a profit on the sale.
So, it is entirely possible to:
1. Sell your house
2. Pay off all property taxes owed
3. Pay off the mortgage
4. Pay all closing fees
5. Make a profit!
Here’s my video message on how I can help you make a profit on your home. Call me at 512-266-2606 for more information.
The Travis County foreclosure auction is tomorrow, and there are approximately 50 properties posted from the Lakeway area. Going once… Going twice… Sold!
I am attanding the auction for the first time so that I can see the action first hand for myself. Foreclosure numbers for the Lakeway area appear to be increasing, and since I live and sell homes in this area, there is an increasing need to understand this part of the market.
It is my goal to help home owners in this area avoid foreclosure whenever possible. Some alternatives include traditional sale, short sale and mortgage assignment. All of these strategies would be better than having a foreclosure on record.
The vast majority of the homes listed for tomorrow’s sale have never been on the market at all. Although I may not have reached these homeowners in time, I plan to implement a system of regular contact with any homeowners in this area who may face this problem in the future.
It all starts with me learning the entire process and knowing the possible outcome that these distressed homeowners are facing.
Going once… Going twice… Sold! The Travis County foreclosure auction is tomorrow.
Travis County Foreclosures are Higher Than Ever. Today’s auction included over 800 properties. This year, an average of 710 properties are lost to foreclosure every month. This is the highest level this decade.
It may not look like much, but this is a photo taken today of the auction action. Tropical Storm Hermine did not slow down the bidding, as qualified bidders thumbed through their cashiers’ checks and tried to hear the trustee’s voice above the chatting and the wind-blown rain. Nearly all the properties were redeemed by the lenders, but a few properties elicited some bidding wars.