DELINQUENT TAX SALES

[Basil Mulayamkuzhiyil]

I'm a new investor trying to learn about delinquent tax sales and sheriff auctions in Texas. What are the differences between these two auctions? Do they wipe out all liens?

[Kristi K.]

Quote from @Eliott Elias:

They do, you have to worry about a buy back clause the person who got foreclosed on has. In Texas they have 2 years to buy it back from you 

This is not correct. Forclosure is permanent. Tax sale properties have a 6 month rights of redemption (the original owner can buy back) unless it’s land or homestead then they have 2 years to buy it back but they must pay you 25% interest plus what you bought it for during the first year and 50% interest the 2nd year.