Texas Redemption Rights

[Justin Holliday]

I am an investor in Texas and am interested in buying at the Sheriff's tax sale. I am fully aware of the matter of "redemption rights" in Texas and for both properties that are homestead exempt, as well as those that are not. My question is regarding the purchase of the redemption rights from the prior owner(s).  I would like to purchase the home at auction and then purchase said redemption rights so as to have flexibility as to what I want to do with the property.  If anyone has an example of a document that has been proven to hold up in this scenario I would appreciate any feedback on the matter. Again, we are not JUST buying the rights, as I know that is an issue in many states, but we would purchase the property at auction and then pay some extra to the owner for them waiving their redemption rights.