1,202,672
First thing is speak with a real estate attorney
-
Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Pete Xavier
Pacific Palisades, CA
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Brian L. Sirota, Esq.
Orange, CA
-
Carol Williams
Wenatchee, WA
-
Nina Hollander, Broker
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
2,403,074
Cry? Tim Nguyen I would NEVER advise a client to do owner financing without a solid contract written by an attorney.
-
Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Pete Xavier
Pacific Palisades, CA
-
Peter Testa
Danbury, CT
-
Brian L. Sirota, Esq.
Orange, CA
-
Carol Williams
Wenatchee, WA
-
Nina Hollander, Broker
Charlotte, NC
5,063,230
Depends on your state laws. Check with an attorney.
-
Debe Maxwell, CRS
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Brian L. Sirota, Esq.
Orange, CA
-
Carol Williams
Wenatchee, WA
-
Bob "RealMan" Timm
Minot, ND
-
Nina Hollander, Broker
Charlotte, NC
1,292,269
Most sellers will seek legal assistance from an attorney and foreclose on the property. The HOA most likely will place a lien on the property if dues are not paid. If taxes were not paid, the county will place a lien on the property too.
-
Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Kris Collis, Associate...
East Stroudsburg, PA
-
Bob "RealMan" Timm
Minot, ND
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Brian L. Sirota, Esq.
Orange, CA
4,907,541
Seller can foreclose, just like a mortgage company could.
-
Debe Maxwell, CRS
Charlotte, NC
-
Pete Xavier
Pacific Palisades, CA
-
Bob "RealMan" Timm
Minot, ND
-
Candice A. Donofrio
Fort Mohave, AZ
-
Brian L. Sirota, Esq.
Orange, CA
-
Jerry Newman
San Antonio, TX
3,350,619
What are the laws in the state of Texas pertaining to property taxes?
What do the governing documents for the HOA say about collections and foreclosures?
I wish you all the best with your real estate studies.
-
Debe Maxwell, CRS
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Brian L. Sirota, Esq.
Orange, CA
-
Carol Williams
Wenatchee, WA
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
1,057,564
I can't speak for Texas and your deal has many moving parts that would require legal counsel.
But I have done many seller carryback deals and consider it to be most important that an impound account be set up for disbursements to make sure taxes, insurance, assessments and association dues are collected along with the monthly payment and disbursed by a qualified account servicer.
-
Debe Maxwell, CRS
Charlotte, NC
-
Kris Collis, Associate...
East Stroudsburg, PA
-
Bob "RealMan" Timm
Minot, ND
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Brian L. Sirota, Esq.
Orange, CA
5,245,862
Follow the laws of the state of Texas regarding default and foreclosure. Seek the advice of the competent legal counsel.
-
Debe Maxwell, CRS
Charlotte, NC
-
Tony and Suzanne Marri...
Scottsdale, AZ
-
Brian L. Sirota, Esq.
Orange, CA
-
Carol Williams
Wenatchee, WA
-
Bob "RealMan" Timm
Minot, ND
5,116,928
Depends on the laws in Texas.
-
Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Peter Testa
Danbury, CT
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Carol Williams
Wenatchee, WA
-
Bob "RealMan" Timm
Minot, ND
2,222,281
Great question for a real estate attorney in your area Tim.
-
Bob "RealMan" Timm
Minot, ND
-
Peter Testa
Danbury, CT
-
Debe Maxwell, CRS
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
759,935
An HOA lien can prevent the seller from presenting marketable title.
-
Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
6,425,063
That should be addressed in their contract.
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
469,510
They can do lots of things. Most likely they should get an attorney and they may want to pay any back taxes or HOA dues to protect their lien position. Hopefully their security instrument (whatever that may be) has some teeth in it for such a situation.
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Candice A. Donofrio
Fort Mohave, AZ
2,190,182
Only a Texas real estate attorney can answer that AFTER carefully reviewing the contract of the sale. Remember, not all attorneys specialize in real estate law. Be sure to hire an attorney that specializes in Texas real estate.
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Brian L. Sirota, Esq.
Orange, CA
1,093,547
You question is pretty vague and ambiguous. You need to talk with a Texas attorney who specializes in real estate and can review your situation in it entirety. What you are asking is not something we are qualified to answer.
-
Peter Testa
Danbury, CT
-
Bob "RealMan" Timm
Minot, ND
5,258,256
I'm not in Texas so, I can only advise to seek counsel from a Texas real estate attorney.
-
Bob "RealMan" Timm
Minot, ND
-
Peter Testa
Danbury, CT
5,583,328
call a real estate attorney....
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
7,871,066
You follow the terms of the agreements.
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
556,536
It depends on how the finance paperwork was drawn up. Time to lawyer up.
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
3,071,589
Wayne Martin has this one!
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
1,506,973
Best to speak to an attorney in your state. I know what happens in California and there are quite a few different things that happen for property taxes versus hoa dues.
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
52,597
The owner/lien holder could call his/her attorney. That would be the first step.
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
5,773,261
Get an attorney, and know Texas laws.
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
1,242,204
You mean seller default? I do not get it.
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
3,416,038
I would foreclose of the buyer was in default, however use a real estate lawyer to do it right.
-
Bob "RealMan" Timm
Minot, ND
1,598,452
5,879,716