| Texas is filled with big spenders and big winners, | | | | them, which is partly why they are able to be |
| as well as big losers. The recent real-estate boom | | | | sold for so little. |
| in Texas is currently experiencing its inevitable | | | | Banks are good at lending money, but want |
| crash. | | | | nothing to do with the real estate market; they'll |
| Texas is filled with big spenders and big winners, | | | | leave that part to you. It is not a coincidence, |
| as well as big losers. | | | | though, that when one rich and well-connected |
| The recent real-estate boom in Texas is currently | | | | Texan loses a property, another rich and |
| experiencing its inevitable crash. | | | | well-connected Texan gains a property. |
| The people who, a few years back, bit off more | | | | These foreclosure auctions are kept highly |
| than they could chew, are flooding the Texas real | | | | secretive, and are attended by an elite few. |
| estate market with huge bargains. | | | | Real estate moguls and intelligent entrepreneurs |
| Texas foreclosure sales are as abundant as ever, | | | | hire lawyers and full-time staff to research |
| and now is the true real estate boom for those | | | | foreclosures, and have excellent ways of finding it. |
| looking for an incredible real estate deal. | | | | It is only recently that businesses have made this |
| Foreclosure occurs when a home or landowner | | | | type of information available to the general public |
| fails to re-pay their loans. | | | | at affordable prices. |
| This happens for a number of reasons, and | | | | Even though foreclosure auctions are technically |
| happens most often in places of great wealth | | | | and legally required to be made public, too many |
| such as Texas. | | | | loopholes make these notification laws something |
| When an oil billionaire spends millions of dollars on a | | | | of a joke. |
| ranch, and finds his well has run dry, that same | | | | Public notices are mysteriously lost or appear |
| ranch might be sold for a fraction of its value to | | | | mere hours before the auction takes place. |
| someone keeping a step ahead of the game. | | | | There was a time when it was not uncommon |
| White-collar criminals, tax evaders and the oil-rich | | | | for there to be only one "bidder" at a Texas |
| make excellent targets for foreclosure sales. | | | | foreclosure real estate auction, and the price long |
| Just a little sloppy bookkeeping and some of | | | | set. |
| Texas' greatest pieces of property are auctioned | | | | Thanks to recent foreclosure exposure, these |
| off at incredibly cheap prices. | | | | underhanded deals are not nearly as common. |
| Because the lenders are the sellers in the case of | | | | But while foreclosure auctions can be accessed by |
| foreclosure sales, the prices can remain very low. | | | | the general public in Texas, they are still very |
| It is always in the best interest of the lenders to | | | | hard to find and offer amazing deals. |
| get this property off of their hands as quickly as | | | | It takes a lot of guts to buy a foreclosure |
| possible, and with as little effort. | | | | property as it happens quickly and is sold as-is. |
| Foreclosure homes will have no brand new rollout | | | | Those with a little help and planning can walk |
| sod, no fresh flowers on the table or smell of | | | | away with a brand new home and, even, a brand |
| baking cookies, nor does the buyer have to pay | | | | new real estate career. |
| for these superficial perks. | | | | Texas foreclosure real estate is the new oil, and |
| Foreclosure homes are sold as the buyer left | | | | you may be its next billionaire. |