If you are in the market for a new home, then you may be considering buying property in Texas. The Lone Star State is renowned for its natural beauty, and there are many wonderful places to live that offer great amenities with low-to-moderate cost of living. But before you make any real estate decisions, it’s important to know about “problem properties.”
A problem property is one that has problems with unpaid taxes or liens on it – often because the previous owner failed to pay them off when they sold their house. Problem properties can have an effect on your credit score if you purchase them without paying off these debts first – which could affect your ability to get a mortgage or other loans in the future.