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With the economy slowing and more people facing mortgages and property taxes they can’t afford, knowing more about buying tax-foreclosed property in Texas may give you and your clients an edge. Texas laws provide two ways investors can obtain an interest in delinquent tax property. First, when a taxing unit, like a county or school district files suit and receives a judgment foreclosing its tax lien on a property for delinquent taxes, the unit will sell the property at public auction. The ...
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In 2008, the real estate short sale (also referred to as the "short sale foreclosure") will become one of the hottest topics in real estate. But it doesn't take a crystal ball to make such a prediction. After all, the numbers speak for themselves. We are now seeing an unusually high number of people going into foreclosure in the U.S. This is partly the result of the subprime mortgage meltdown that came to a head in 2007, and the trend will probably continue for another couple of years at ...
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There are many economic and market forecasts and predictions, however the bottom line is if you want to buy your first home—there is no wrong time. There is because the motivation to buy is not determined by regional market conditions or by location. Industry opinions, economic reports and investor speculation do not sway or predict when a particular individual will be ready to buy. For the great majority of folks, the most compelling reasons to buy a home are based on individual circumstances ...
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