Jul 23 (edited) • General discussion
Dirty Title Lead
A friend reached out who inherited three properties in Freestone County/Teague, Texas. One of them, a single family house + an adjacent 1/1 was under contract to sell to a neighbor in February. Title underwriters called out a string of unresolved probate concerns and were unwilling to insure. That sale fell through as a result.
Property details:
- - Main house (brick): ~2,700 sf, 3 bed / 1 bath, two-car garage, built 1955, newer roof, 95% rent-ready. Potental rent = $1,500/mo - $1,600/mo
- - Second house (white frame): ~800 sf, 1 bed / 1 bath, needs full rehab (ceiling collapse, door issues). Potential rent = $900/mo
- - County appraised value (2026 CAD): $201,504. 2025 property tax: $3,294/yr.
- - Comps are thin... $125K - $150K ARV
- - Both structures are vacant
- - $30,526.27 deliquent property taxes owed
- - No debt incumbrence
My friend wishes to sell the above property and keep the other two (but I think these could enter the discussion at some point). One is a vacant auto repair shop in town. The other is a large land parcel adjacent to high end homes. $38,000 in deliquent taxes owed on the other two properties.
Contact me if interested.
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Dirty Title Lead
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