Cash for Houses Houston (HOA Foreclosure)

Cash for Houses Houston!

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We are in the business of exchanging our Cash for Houston houses. We buy houses when people are selling a house in Probate Houston. Selling an inherited house Houston. Stopping Foreclosure Houston. Or stopping An HOA Foreclosure Houston. Or need to sell their Houston House fast for ANY Reason!

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Can an HOA really Foreclose on my Houston House?

Yes! Read the story below to learn about an HOA foreclosure and how it can effect you! And what you can do to STOP HOA Foreclosure Houston!

In 2009, Claudia had fallen behind on payments to her Home Owners Association (HOA) assessments for her Houston, TX home.  The house was actually in Humble TX.  But let’s call it north Houston since it is a suburb of Houston and we do buy Humble houses fast as well as Houston houses.  We buy houses fast all over the Houston Metro Area from Galveston to Katy to Conroe!

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Claudia owed $1245.50 to the Houston HOA. The homeowners association (HOA). It was over a thousand dollars and is a good amount…but not much in comparison to the price of the house. This house was worth about $200,000 and she had it fully paid off. Claudia was a 72 year old widow. She was living on Social Security and  without her knowledge the HOA  foreclosed the lien on her property and then now was attempting to sell the house.

How could this have happened, you may ask?  The annual HOA due on her property was $300.00 and because she had 4 years arrears in late payments, the HOA initiated legal proceedings against her.

Attempts to serve papers for her were conducted late in the day when she must have been napping or at her daughters home in Conroe. Being that she lived alone, Claudia really never opened the door for random people that knocked on her door.

Claudia was unaware of the foreclosure proceedings on her home and as such was shocked when on July 15th ; she was served an eviction notice as her home had been sold in the lobby of a courthouse for the sum of $118,500. She was entitled to only $100,,000 after debts, interest and legal fees had been deducted.

It was too late to save her home.

Do Not Let this Happen to You!

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Claudia’s case is not an isolated one as we heard the same thing happened to a 65 year old retired doctor had just purchased a rental home in Houston.  He lived out of state and did not get mail from the HOA.  He had committed over $35,000 in renovating the house when he was informed that the house had been sold at a foreclosure sale for non-payment of assessment dues amounting to $750 (3 yrs) . The house was sold for $67,000 the same way Claudia’s home was sold, in a courthouse with no competitive bids. he had spent way more than that on the Spring TX house.

These practices have become common place around communities under HOA. Many home owners who were not aware or have fallen to bad times and couldn’t keep up with bills payments have had their homes foreclosed and sold. Just like this lady in Tomball, TX that was foreclosed in 2016.

In Houston, the number of HOA foreclosure Houston, TX has been on the rise in recent years

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We buy Houston houses and we are in the business of exchanging our cash for Houston houses. For those facing HOA foreclosure in Houston, we can make an instant cash offer for your home before it is foreclosed by the HOA or your bank.

Most HOA foreclosures in Houston, TX are carried out without the full knowledge of the home owners as letters of notices are usually sent in the mail and some people didn’t get to see it. This is in part is due to the habit of not going through their mail regularly… for the few that knew, they were incapacitated by the legal processes and the power the HOA wielded.

Like Claudia, when she knew about the foreclosure and tried to make payment for the dues in arrears, she was informed that legal processes had begun already and as such they weren’t going to accept her check.

This HOA foreclosure has hurt a lot of people, so it is important you understand who the Home owners associations are, what they stand for and how they operate.

I will be educating you on things you need to know if you own a house in a community managed by HOA in Houston, TX or you are looking to buy a house in communities under HOA in Houston, TX.

We pay Cash For Houston Houses and we are in the market to buy any house that is under HOA foreclosure in Houston.  If you suspect the HOA is coming for you and you are looking to sell my Houston house fast, we are the best people to talk to. We offer cash for Houston houses so reach out to us Today if you need to sell your house fast for any reason.

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HOMEOWNERS ASSOCIATIONS

It is important that you know who the homeowners association are and how they derive their power to foreclose. The homeowners association started out first in the 1920’s as the subdivision of luxury homes that basically forbade the selling of property to anyone who was not Caucasian. This is in Segregation days.

Some Deed Restrictions in 2017 STILL Contain these Clauses , like this one right here in Houston in Oak Forest.

These are words in the deed. “None of the lots shown on said plat shall be conveyed, leased, given to or placed in the care of, and no building erected thereon shall be used, owned or occupied by any person other than of the Caucasian Race. ”

It also contains a clarification that the restriction is not intended to include “those employed as servants.”

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These property deeds included restrictive covenants that prohibited the owners of luxury homes within particular subdivisions from selling their property to any other race outside the caucasian race. This were in the days of segregation. And people used these associations as a barrier for others not to live in their areas.

What we see now as the contemporary homeowners association (HOA) developed in the 1960s under the guidance of the Federal Housing Authority (FHA). The FHA promoted the HOA as a way of providing affordable homes to large numbers of people and they issued and promoted guidelines and standards which required planned developments to have a non-profit homeowner association with mandatory membership in order to obtain FHA insurance.

Included in the contract of sale, were covenants heavily promoted by the FHA that places a lien for HOA assessments on property owners which can lead to the possibility of a foreclosure in the event of default of payment of statutory dues or outright non-payment of the HOA assessed fees. The FHA assisted the HOA to draw up the covenants and helped them promote it.

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HOA’s pretty much gave builders control of their subdivisions for a while until all homes were sold.

In the 1960s, there were fewer than 500 homeowner associations, but today that number has risen sporadically, in fact there is very little new development in Houston now that is not under an HOA and members are compelled to join and must be up to date with all financial obligations.

Across the country and particularly here in Houston, TX most property owners fall under the jurisdiction of a home owners association and by that, they are responsible to carry out all obligations as outlined in the Declaration of Covenants, Conditions and Deed Restrictions (CC&Rs).

This document lays out the obligations of the owner to the association and it includes restrictions which run with the deed when the property changes hands. This is often included with the deed at the closing, but few purchasers ever read the lengthy document.

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The Rules and Regulations specify in great detail the dos and don’ts of behavior in the community. The governing boards can change or add to these “quality-of-life” rules and can impose fines for violations.  Homeowners pay regular dues as well as “special assessments” and, in return, the HOA is required to maintain the common grounds.

We buy Houston houses and we are in the business of exchanging our cash for Houston houses. For those facing HOA foreclosure in Houston, we can make an instant cash offer for your home before it is foreclosed by the HOA or your bank.

HOA FORECLOSURE HOUSTON

Since the 1980s, Texas and particularly Houston and it’s immediate environment have had a lot of HOA foreclosures. This is in part to the rapid rise in population of the area. This population growth has led to large scale home building and nearly all of these homes are in subdivisions with homeowner associations. Houston has been a major epicenter for HOA foreclosures so it is pertinent that as a home owner that you are very aware of the status of your membership with the HOA.

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Many families in Houston have woken one morning and found out that their homes have been foreclosed. This experience is usually very traumatic and destabilizing. We offer cash for Houston houses fast if you need to sell before HOA foreclosure in Houston. When in doubt about the status of your property, we advise that you consult the HOA office or a lawyer QUICKLY ! Before you are forced to sell.

IF YOU GET AN HOA LETTER IN THE MAIL OPEN IT! WE ARE HERE TO PAY CASH FOR HOUSTON HOUSES. BUT WE WOULD PREFER YOU KEEP YOUR HOUSE IF YOU STILL WANT IT AND THAT YOU DO NOT GET FORECLOSED BY THE HOA. SO MAKE SURE TO OPEN ALL HOA MAIL AND PAY HOA FEES ACCORDINGLY!  WE ARE ONLY HERE AS A LAST RESORT!

For a long time now we have been offering home owners cash for Houston houses, under HOA foreclosure Houston an opportunity to cash out before the HOA hammer hits.

Whatever the reason for default, whether it is as a result of non compliance with the laid down rules and regulations of the subdivisions or you are hard off cash and have missed a couple of assessment fees payment or fines , we can make an “as is” cash offer and if accepted we pay cash in full within the next 10 days.

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Because most homes sold under foreclosure are sold for far less than the market value, we provide an alternative that ensures that you don’t lose out fully on your home.

In Texas, Houston is the ground zero of all HOA foreclosures. A recent survey conducted found out the after Florida, Texas has the highest amount of HOA foreclosures. Another website whose database research is done by volunteers has found out that the Houston metro area has some of the highest numbers of HOA foreclosures in Texas.

So we advise that if for any reason you suspect the HOA is on your case, and they are looking to foreclose, that you contact us quickly for cash for your Houston house.

The HOA may not take the time to fully notify you though, they are supposed to but because they have the power to effect both a judicial and a non judicial foreclosure, it is unlikely that you would be able to fully escape their grips if you don’t cash out on your home before the foreclosure.

We buy Houston houses under HOA foreclosure Houston and we advice home owners looking to get cash for Houston houses and those who want to sell my Houston house fast.

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Our offers are prompt and reliable. We have been serving the Houston metro area for several years now and we have been able help lots of families save up on their house under HOA foreclosure Houston.

We have bought home sfrom people looking to get cash for Houston Houses and those who want to sell my Houston house fast or those who come to us asking to help sell my house fast Houston.

I have had people call in to inquire from me what to do about the HOA foreclosure for their subdivision in Houston. I have often inquired what must have led to the HOA seeking to foreclose on theirs homes and the majority answer I have gotten is that they are either unaware of the HOA infractions or that they have fallen on hard times. So YOU ARE NOT ALONE!

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I always first advise that they seek legal advice on the best possible option but that they also leave open the option of selling their homes.  Many have called asking for cash offer for Houston Houses. This is to ensure that they do not lose out completely should the HOA finally foreclose.

I have seen instances where people have bought houses not realizing that they were under foreclosure and needed to figure this out right after buying a house! It is important to read carefully all documents at the point of transferring deeds and when in doubt please seek expert advice from your attorney.

Meanwhile it is a wise choice to also contact buyers who specialize in purchasing HOA foreclosure Houston and pay cash for Houston houses. That way, you are ready to cash out incase times become unfavorable.

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We buy Houston houses and we are in the business of exchanging cash for Houston houses. We are always available to make a cash offer “as is” for your house. For those facing HOA foreclosure in Houston, we can make an instant cash offer for your home before it is foreclosed by the HOA. Or contact us if you need to sell fast for ANY reason.

For the category of people who have fallen to hard times, the most obvious option is to take the fastest road and sell. If there is no way you can deal with the backlog of assessed fees and fines it is better to call us today to sell.

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I have seen families who have lost their homes to HOA Foreclosure Houston because they owed assessed fees of as little as $650. If you fall under this category my candid advice is that you sell and get Thousands in your pocket instead of $0.

We have been in the business of helping families secure their investments in their homes by offering “as is” cash offers for home owners looking to sell my house fast Houston or those looking to get cash for Houston houses.

JUDICIAL AND NON-JUDICIAL FORECLOSURE

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The HOA have been greatly empowered by the FHA and they can wield that power either through a judicial process or a non-judicial process. So it very important that you are very careful with your HOA fees. Always make sure that they are paid on time and should you have any fine, endeavour to clear that up on time too.

Your HOA can absolutely foreclose on your home for payment defaults the same way the bank can foreclose on you for a delinquent mortgage or the city can foreclose on you for back taxes! It is important that you are aware of your HOA status and ensure you are always in compliance with the rules and regulations of your HOA.

We understand the trauma that comes with losing ones home. We know that it is often one of the most devastating events that can occur in a person or family’s life. We understand that the times are hard and a lot people are finding it hard to remain at decent paying jobs, we understand that some people are having to deal with illness, medical emergencies, family tragedy or physiological traumas.

We know these things can be responsible for late payments or the non-payment of the HOA fees but it is important that you familiarize yourself with the foreclosure process in Houston, TX.

If it happens to be that an HOA tries to Foreclose on your property make sure you know your rights and have options set up to sell the home if you need to.

There are two types of HOA foreclosures, the type that may be applied to you is dependent on the covenants on your sale documents.

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Judicial vs. Non-judicial HOA Foreclosure

Judicial Foreclosure are for covenants that does not include the power of sale for the HOA. In foreclosures of these nature, the HOA has no choice but to seek redress with the courts. These sort of foreclosures can only happen through a court process.

Because the power of sale was not included in your title sale documents, the HOA is handicapped and cannot effect foreclosure until the courts give an ok. Most older HOAs are most likely to have the power of sale provision absent from their sale documents.

However, the power of sale provision is almost always included in newer HOA’s. This confers on the HOA the right to foreclose non-judicially (without court intervention and without having to file a lawsuit) in the case of any infraction or default. This is where most HOA foreclosure Houston have occurred.

There are procedures to a non-judicial foreclosure and it is of utmost importance that you pay close attention to your sale documents and to ensure that all fees due are paid as at and when due.

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The following procedure pertains to a non-judicial foreclosure and it is of utmost importance to pay your HOA dues to avoid HOA foreclosure Houston TX. In Texas all HOA documents I have seen allow the HOA Foreclosure Houston without going to court.

The procedures involved in a non-judicial foreclosure includes a series of notices overtime informing you of the HOA’S intention to foreclose. There are two notices and I will explain them below.

20- Day Notice

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In Houston, TX the HOA must send across to you an invoice that lists the due and owing amount at least 20 days prior to posting any Notice of Sale. This notice not only states the amount that you owe but also should provide you an opportunity to “cure” or payoff the amount due.

This can come in the form of letters in the mail asking for payment or pasted notice. Sometimes they may include pictures of your overgrown lawn or wrong color door, etc. They need to give you this before they start HOA Foreclosure.

If you get this letter, act immediately and pay off the HOA fees. You don’t want to lose your home to an HOA Foreclosure Houston. If you can’t pay the HOA fees or if they have gotten too big, get in touch with us to make an offer for your Houston home.

It is better you seek to get cash for my Houston home before it is too late or you can get foreclosed and get nothing for your house.

Most of my clients who have made the right choice are grateful for the advice and my quick action. If you want to sell my house fast Houston or you want cash for my Houston house we are the best property buyers to speak with.

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21- Day Notice of Sale

If for any reason you do not pay off the amount on the letter you got in the mail or email with HOA fees and or fines for infractions, the HOA must give you a Notice of Sale at least 21 days before the sale of the home.

After that the home can be listed for sale. You should be proactive, if you know you can’t make the payments, you should quickly get in touch with us or search the internet for sell my Houston house fast or cash for my Houston home to find a list of property buyers in the Houston metro area.

If the final 21 days expires, the HOA will list your house for sale and they usually would list it at a lesser amount than fair market value so that they can sell quick and get their money.

What the home sells for will determine if you may still owe the HOA more money or put a few dollars in your pocket. It is always a smart choice to sell my house fast Houston during this grace period if you know that you won’t be able to make payments for the fees and it’s associated fines and interest.

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Redemption Notice

The HOA must send you and any lien holders a redemption notice within 30 days after the sale date. This notice will state your current rights and report the results of the sale. Usually, this is sent via certified mail and it is simply a notice that gives you the opportunity to buy back your property if you have the finance to do so within a 180 days period.

The HOA is also required to file with the county an Affidavit stating their compliance of the redemption notice. “Redemption” is the right of the former owner to buy back his home and this right is intact for 180 days after the redemption notice is sent.

But should this happen, you would have to deal with a lot of extra legal fees but you may still be able to buy your home back from them after an HOA Foreclosure Houston.

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For a lot of people who have fallen short in payments, this is just a formality as they won’t be able to meet up with the deadline and the associated fees that must have been accumulated. In the case of a redemption notice, the home owner would have to pay the fees owed, the interest accrued, the legal fees and then still deal with the persons who must have purchased their house at rock bottom price but is looking to make a profit from them. This is more or less of a loss situation for the home owner.

This is why I always advice that if you have the HOA on your trail and you know full well that you can’t come up with the fees or fines in their notice sent to you, I will advice that you sell and cash out on time before they foreclose.  There are a lot or property buyers like us that are looking to pay cash for your home and at market value. That way you are sure that you do not lose out on your home as well as losing out on the possible income that you would have gotten from the sale.

When looking for a property buyer of repute to sell my house fast Houston or you are looking to get cash for my Houston house, we are the best people in the business to reach out to. Call the numbers or send a message and we would call you back.

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There are a few questions many home owners in Houston TX have asked in the cause of my years of dealing with clients. My advice has always been to check with your home owners association to know your status and if there is any crisis, consult your attorney. If the issues relates to late payments and for any reason, you can’t make up the payment. …. I suggest you make plans to sell and cash out before the HOA foreclosure.

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The questions I have received are highlighted below;

Q: Can I be foreclosed on my Houston TX House by My Homeowner’s Association (HOA) ?

A: Yes your Houston TX House can be foreclosed by your HOA.

Q: Does my HOA have right to do an HOA Foreclosure on my house?

A: YES! They do and they can exercise that right should you default on payments. A Homeowner’s Association (HOA) can foreclose on your house! And they can Foreclose and have Foreclosed on Texas houses with just a few thousands or less of HOA fee’s past due! Be aware on an HOA Foreclosure!

Q: What if I just owe fines but I pay all my dues?

A: A Homeowner’s Association (HOA) can foreclose on your house!

Q: Can I still have an HOA foreclosure on my Houston House over something as simple as tall grass fines?

A:YES! They can foreclose on any fine accrued front defaults on the rules and regulations. In theory, HOAs are only supposed to foreclose for nonpayment of dues. But there is a loophole in Texas law, in practice, HOAs can foreclose for nonpayment of HOA fines, too.

Q: Can HOA foreclosure happen over small amounts of unpaid HOA dues or Fines?

A: YES! One family even lost their home because of a $450 HOA arrearage!

We buy Houston house and pay cash for my Houston home to smart home owners who have chosen to avoid the HOA foreclosure Houston hammer. Call us today and we should have a quote for you in 15 minutes.

We buy Houston house and we are in the business of making offers of cash for my Houston house. Should you require our service or advice do not hesitate to call or text the number below. Are you looking to sell my Houston house fast or to get offers of cash for my Houston home, we are always available to make a cash offer “as is” for your house. For those facing HOA foreclosure in Houston, we can make an instant cash offer for your home before it is foreclosed by the HOA.

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You should always consult with an attorney to thoroughly review your rights and options as specific cases may vary. This is just my opinion due to my experience and not to be used as Legal Advice. But know that it is in your hands to stop HOA foreclosure and that selling to us fast at TexasFastHome Offer is an option! Names in the story and some details have been changed to protect identity of individuals.

 

Click here to watch this in Video Format on Youtube!   Sell my house fast Houston! We buy Inherited Houston houses, Houston Houses in Probate and houses in Houston From ALL Types of People that need to SELL A HOUSE FAST in HOUSTON! Selling a house inheritance and selling a house in Probate has never been easier. Selling a Houston house fast has never been easier!

Here is a picture of a house we bought from a seller in Humble TX looking for cash for Houses Houston Fast!

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