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Updated about 7 years ago on . Most recent reply

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Michael Homan
  • Oglesby, TX
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Buying a tax lien property at auction

Michael Homan
  • Oglesby, TX
Posted

I'm looking to bid on an upcoming property in my area on a tax foreclosure, my question is what do you do about the current owner still living on the property after sell?

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Sam Bagwell
  • Attorney
  • Gainesville, GA
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Sam Bagwell
  • Attorney
  • Gainesville, GA
Replied

I'm not from Texas, but in Georgia (where we sell tax Deeds, as opposed to tax Liens), you have redemption periods, etc... to worry about.  

That being said, if you're buying the lien, then you'll need to actually foreclose on the property based on that lien, after which you should consider an eviction, or a cash-for-keys option, as suggested above.  If you're buying the deed, then you could proceed directly with the eviction/cash-for-keys.

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