texas_invest 0 Report post Posted November 28, 2006 Great preforeclosure property to hold. Auction date Dec 5th in Comal County, Texas.Can lease to current owners for $100/mo cash flow. Contract for $135,000.$27,470 equity.$156,670 tax assessment.$129,200 1st lien. No other liens.~$4500 arrears and fees (included in contract price).$3000 assignment fee.Deed in a land trust to be transferred to you = assume current mortgage (7.25% interest).No closing costs.Current owners would like to buy it back in 2-3 years.They will continue to pay insurance and taxes and maintenance in addition to monthly mortgage payments. Central Texas: 10 minutes to Canyon Lake, 25 minutes to north San Antonio, 30 minutes to New Braunfels, 15 minutes to Blanco. Description of property:Built summer 2002.3/2/2, 1486 SFAll electricSpring Branch/Canyon Lake, TX Hardiplank siding, shingle roof1.37 acresWooden deck 20'x30' and Chain link fence in backCovered front porchWell maintainedOverlooks 8-10 mile view of a valley and hills.2 minutes to golf course.Water supply - Canyon Lake Water UtilitiesAerobic waste water treatment system(Pictures on www.ccampbellphd.com/realestate.htm Monday) Subdivision: Rayner Ranch in Spring Branch, TX, 1-5 acre lots, very quiet, country atmosphere, near Rebecca Creek. These owners built the house and want to stay in it. An unfortunate event last summer ended in foreclosure proceedings. They were current on all payments until then. They have the ability to maintain payments if arrears can be handled. Contact RCF Properties and/or TLC Investments texas_invest@yahoo.com Cassandra 830-438-2837 or cell 210-379-8530 Share this post Link to post Share on other sites
