I live in Houston with my family (wife and 3 kids) and we are looking to buy a house but in our low price range..... they get gobbled up instantly. I just found out about auctions on houses that ow previous delinquent taxes and want your advice.
I first found a lot of properties on hctax.net, then found only some of those are auctioned each month and the auction list is on https://www.dailycourtreview.com. Every house I'm interested in bidding on I've looked up on zillow, har.com and google maps as well as checked out in person from the street and looked up any public records and liens on cclerk.hctx.net.
I'm trying to do my due diligence here but am entirely new to this world and don't want to miss anything. So my questions are
1. Why are there a lot of properties on hctax.net that list a min bid but don't show up on the dailycourtreview website for upcoming auctions?
2. How do I check if there is anything else on the property I need to pay off if I buy it? From what I've read most properties once purchased through these auctions have all outstanding debt and stuff like that wiped, but some don't and the sites that said some don't said I should double check it's lien records. well, I did that on cclerk.hctx.net and haven't found anything besides the original loan information on these properties as well as utility setups and a couple HOA payment disputes. What am I looking for here? are any of these things I mentioned bad or will they all be wiped if I win the property in the auction?
Other things of note, I'm a handyman, able to do somewhat complicated repair work including electrical and I've got friends who are certified who would be willing to help if a fixer upper was beyond my skill level so I'm not to worried about that. I've got 10k saved for a down payment on a house and am finding auction properties starting at 4-7k that appear to be really nice and are what I'm shooting for atm.
Thanks for any advice yall can give!
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source https://www.reddit.com/r/RealEstate/comments/nox395/need_advice_for_buying_tax_lien_propterties/
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