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Updated over 5 years ago on . Most recent reply

User Stats

38
Posts
21
Votes
Nhrai Jordan
  • Real Estate Agent
  • Bridgeport, CT
21
Votes |
38
Posts

First Tax Deed

Nhrai Jordan
  • Real Estate Agent
  • Bridgeport, CT
Posted

Hi Everyone.  I've just purchased (and paid for) my first tax deed with a six month redemption.  Any advice for a newbie in terms of next steps, general timeline to get the ball rolling in case the owner does not redeem (contacting general contractors, etc)?  This isn't a property I would feel 'stuck' with.  It's a solid brick 3 bed, 1.5 bath .41 acres.  Worst house on the street.  Needs a bit of work but I passed on a lot of properties up looking for one that fit my criteria.  Any advice would be much appreciated.  Thanks!

Most Popular Reply

User Stats

23
Posts
27
Votes
Sandra Edmond
  • Investor
  • Orlando, FL
27
Votes |
23
Posts
Sandra Edmond
  • Investor
  • Orlando, FL
Replied

Sounds like you have a lot of time to decide what you are going to do. 

Tax Title Services is excellent and they have plenty of experience in Texas to make sure you get marketable title. 

If the owner ends up abandoning the property early or something like that do not spend any money rehabbing it or anything like that until the redemption period expires. 

Much Success,

Sandra Edmond

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