cash in on texas
foreclosures

Please visit the applicable website or contact the County or Foreclosure Sale Agent directly to obtain information regarding foreclosure sales. For sales conducted by Auction.com, you can visit our auction calendar Auction Calendar and access the information posted on the Property detail pages for further details.

Be sure to verify all information relating to the foreclosure sales with the appropriate County or Foreclosure Sale Agent. The following Foreclosure Sale FAQs were not developed in coordination with the County or Foreclosure Sale Agent. These FAQs are being provided for educational or informational purposes only; they are not intended to be a substitute for professional advice, whether legal, real estate or otherwise. The information provided is subject to change. It is recommended that prospective bidders seek professional advice and carefully review the County or Foreclosure Sale Agent’s Terms of Sale and contact the County or Foreclosure Sale Agent to fully understand the foreclosure process and foreclosure sales.

A foreclosure sale is conducted via a public sale that is open to all bidders. The Property is either sold to a third-party bidder at the event or reverts back to the beneficiary (Mortgagee, Bank or Lender) as a Real Estate Owned (REO) Foreclosure. Please contact the appropriate County or Foreclosure Sale Agent to request a copy of the bidding rules and review the sale process in detail.

The time and place of foreclosure sales are county specific. Please visit the appropriate County or 3rd Party Foreclosure Sale Agent website or contact the County or 3rd Party Foreclosure Sale Agent directly for specific information. For sales conducted by Auction.com, please visit our Auction Sales Calendar.

In this state, you can bid on select foreclosures in eligible counties right on the Auction.com app.
Visit our Remote Bid Page for more details.

Typically counties require funds to be paid in the form of cash, bank money order or cashier’s check at the time of sale. Personal checks, company checks, letters of credit, or charge cards may not be accepted. Be sure to visit the appropriate County or 3rd Party Foreclosure Sale Agent website or contact the County or 3rd Party Foreclosure Sale Agent directly for specific information. For sales conducted by Auction.com, please visit the property detail page for more information.

The sale of a Property may be cancelled or postponed for many reasons prior to the start of bidding at the sale. There is no guarantee that a particular Property will actually be brought to sale. Please visit the appropriate County or Foreclosure Sale Agent website or contact the County or Foreclosure Sale Agent directly for specific information. For sales conducted by Auction.com, please visit the property detail page for more information.

A credit bid is usually the minimum amount that a lender will accept for a property at a foreclosure auction. Lenders set this amount because it’s the amount of debt that a borrower owes on a property.

Buyers can use the credit bid to more easily decide which properties to bid on ahead of time. They can develop a strategy in which they only bid on properties with an amount that meets their criteria. Conversely, they can avoid unnecessary trips to the courthouse or auction venue and save time and money.

It’s important to note that having the credit bid revealed on numerous of properties ahead of time is practically unheard of. This is an opportunity that buyers should jump on while it’s available.

On Auction.com, if available, the credit bid is located in the bid box in the upper right hand corner of the property details page.

No, a buyer’s premium does not apply for these specific sale events.

Typically no. Properties will be sold “as is, where is,” with all faults and limitations. All prospective bidders are encouraged to conduct their own due diligence and investigate all matters relating to the Properties that they are interested in purchasing. It is recommended that you seek independent advice to perform your due diligence and to fully understand the foreclosure process and foreclosure sales in general prior to the sale. Doing your homework pays off! Some properties may have information provided by Auction.com on the property detail pages. It is your responsibility to do a title search and seek any needed advice from counsel prior to the sale. Please visit the appropriate County or Foreclosure Sale Agent website or contact the County or Foreclosure Sale Agent directly for specific Property and title information.

No, as these properties can be occupied, prospective bidders may not trespass on the property, disturb the occupants or contact the borrowers to obtain information about the property. However, detailed property information for some properties may be available for informational purposes only on the property detail page at Auction.com.

Typically no. A redemption period may be imposed which could vary based on certain factors. During a redemption period the borrower may be able to redeem the premises. Please consult your real estate counsel or the County or Foreclosure Sale Agent for specific details regarding any possible redemption period that could be imposed in Texas.