How to Buy Texas Foreclosures *ONLINE* (Unlimited 90-day access to course)

Ticket Information

Ticket Type Price Fee Quantity
How to Buy Texas Foreclosures
**Price includes 90 days access to videos, forms & support.** User ID & Password will be emailed within 24-48 hours after purchase with log-in instructions.
$59.00 $2.47
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Event Details

 

What is "Foreclosure"?

The legal process by which a person or institution that is owed money can force the sale of a property under the regulations & statutes of Texas Property/Tax Code.

Did You Know?

How to Buy Texas Foreclosures

Texas is one of the top 10 states in foreclosure posting volume; therefore, we believe it is more important than ever for investors & REALTORS® to be knowledgeable about the Texas foreclosure process, which is different from that in many other states. In order to make this a PROFITABLE business strategy, you must know the four P’s of the Texas foreclosure process: Process, People, Pitfalls and Profit center. Learn how to avoid costly mistakes common when new to buying delinquent mortgages, mechanic liens, and homeowner association judgments either before the auction, at the Trustee’s foreclosure auction, or as a bank owned R.E.O.; and, learn how your clients, or yourself as an investor, can profit from investing in distressed property. Each student will be provided with a full explanation of the procedures, nuances, and strategies of buying distressed real estate in Texas.

What You Will Learn

The Foreclosure Process – Texas Property Code

  • 9 Different Types of Foreclosure Liens you can purchase
  • Twenty-one Day Process for State of Texas
  • Judicial vs. Non-judicial foreclosures
  • Non-disclosure State
  • Relationship of Lender, Attorney (Trustee) & Homeowner
  • Number of months before a Lender will take Legal Action
  • Survivorship of a Lien or other Encumbrance

Finding Pre-Foreclosure Property

  • How to find Posted Properties
  • Availability of Foreclosure Posting Data & Early Postings
  • Examine County Deed Records & Notices
  • How to Use FLS’s Postings List

Buying Pre-Foreclosures

  • How to Legally & Ethically Contact the Homeowner
  • Negotiating the Deal
  • Write an Offer/Contract with specific contingencies
  • Assumable Loans, “Subject To” & Other Financing Options
  • Discounting Loans, Short Sales & Paying off Lien Holders
  • Closing the Transaction
  • Payoff Mortgage vs. Reinstate

Buying at the Foreclosure Auction

  • Atmosphere of the Auction
  • Finding the Trustee/Attorney
  • Organize/Sort your leads in the “Auction Style” sequence
  • Bidding on the Property
  • Who, When & How do I pay for this investment
  • Cash & Cashier’s Checks
  • Insuring Foreclosures - Type of Title Policy & When to purchase Binder?
  • House Bill 2738 requires Immediate Payment
  • Evicting the Occupant

Buying After Foreclosure from the Bank

  • Identifying Bank repossessions (REOs)
  • Using FLS’s REO/Auction Results Report
  • Letter of Intent Offer
  • Representing Banks by Listing their REOs

Hosted By

Roddy Real Estate Investing Academy



Roddy.com, LLC & Foreclosure Listing Service, Inc.

4851 Keller Springs Rd Ste. 219

Addison, Texas 75001



Phone: (214) 593-0074


Roddy.com is the market leader in supporting investors & real estate professionals in Texas real estate. We are the oldest and most respected organization in Texas when it comes to providing education, data, and investment opportunities in distressed real estate.

Our speakers are experienced investors with a broad range of expertise in a variety of proven investing strategies in Texas real estate.

Data/Course Provider: Foreclosure Listing Service, Inc. (FLS) is the largest provider of data and information services on distressed real estate in Texas. FLS provides courthouse data in pre-auction, auction & post auction formats. FLS is also the TREC Provider #0414 for all MCE accredited courses.