Legal Question in Real Estate Law in Texas

I was trying to buy a house that was going in to foreclosure. They say the balance was about $30,000and I was going to pay $56.000. Ok by me. We sign a contract and the owner was to make some repairs, I got bank approval and a title co ready to go. But her father call me that she was not going to do any repairs she didn�t have to do that . I say ok I will do It bring my the key. The House is abandoned. They took 3 weeks to bring the key and the house was up for sale at the auction in 2 weeks. I was afraid that if I start any repairs and the house sold I lose my money. My bank needed 30 days to close. I told them it was to late they got mad and took the key. The house sale was postponed to Aug 3th. The trustee tells me I have to buy it from the owner, but they don�t want to deal with me. I don�t have cash to buy it at the auction. What can I do, I really want the house for my daughter, and she is a single mom with 2 kids.

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Asked on 6/07/10, 7:23 am

1 Answer from Attorneys
Cheryl Rivera Smith The Smith Law Firm

You'll need to work with the present owner. Maybe a title company can help you get the paperwork together. With the foreclosure postponed, you have a little more time. Good luck.

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Answered on 6/08/10, 6:08 am


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