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Updated over 9 years ago on . Most recent reply
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What are next steps after win Tax Auction in Texas?
I stumbled into a Tax Auction while doing some business at the courthouse so decided to throw my hat in the ring.
I ended up with 9 properties for $3,500
I knew nothing about these properties beforehand but could tell what part of the city they were in by the legal description and I would also peek at other bidder's sheets and they'd have actual street addresses for some properties that I knew.
Anyhow, when I cashed out all I was told is that I would receive a Sheriff's Title to these properties within ten days.
So, now what do I do?
Some of these places are vacant land in "no good" areas so I got them for $200 or $400
for a .33 acre lot.
Others are off in the country with ragged mobile homes sitting on them (I google mapped after I got home)
One has a house on it that needs to be razed.
Anyhow, they don't have an instruction booklet for the "after" steps so I'm curious as what do I do?
These were all tax resales so that 6 month or 2 year waiting period is almost over for all of them if not, it is very near the end of the period.
Thanks
Most Popular Reply
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I will make an assumption that this is a real question.
First thing I would do (though I would NOT buy any property I knew nothing about; I mean it could be an illegal dump site and now purchasing it makes you an immediate party of an EPA lawsuit) is determine what you bought:
1) What are the post judgment taxes due?
2) What liens are against the property that you are now responsible for?
Once you have those answers you can start to determine what you may be able to do with them.