Timing

Super Tuesday, November 13, 2007 is the deadline for all lenders to file their Notice of Trustee Sales for the upcoming auction. See Sample Notice. We call this Super Tuesday because these filings start the entire foreclosure auction process. The filings are public information and anyone may go to the county court house to photocopy or record the information contained therein.

Our Alliance of Realtors and their staff photo copy each Notice of Trustee Sale and begin to research the information contained on the notices. First, every legal address is converted to a street address. Second, the original Deed of Trust is reviewed to determine the date and amount and type of the original mortgage.

Public Monday, November 19, 2007 is our internal deadline to have all information including, photographs of all properties, market analysis, property rating, original loan amount and potential equity loaded on this web site for our clients. We begin gathering and loading the information immediately after Super Tuesday and continue until all the information is available for our clients.

Contract Monday, November 26, 2007 is the day our clients need to submit earnest money contracts to our Broker for the upcoming auction. Working with one of our Realtors between Public Monday and Contract Monday you should do your own research and market analysis and determine how much you are willing to bid for the properties of interest to you. By submitting an earnest money contract to our broker you are requesting our broker to purchase the property for you and to enter into a contract to sell you the property if successful at a predetermined price.

Title Friday, November 30, 2007 is the day our Title plant provides a special title commitment subject to only bankruptcy filing and IRS Federal tax liens.

Auction Day, December 4, 2007, from 10:00 am to 4:00 pm is the day and time of all Texas foreclosure auctions. We attend every auction and purchase homes on behalf of our clients. All buyers are welcome to attend the Auction but it is not necessary if we already have your bids. Click below to see what an actual auction in Travis County looks like.