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Updated over 5 years ago,
How does buying a tax delinquent property work?
Hi,
I'm confused on how purchasing a tax delinquent property works. If the property is behind on its taxes but not going to auction, is the process deal making and purchasing the same as a regular deal (except having to pay off the taxes)? For example, I am in Houston, TX, I drove around looking for off market distressed properties. One of the ones I found has been tax delinquent since 2005, around $12k to date, but not going to auction.
Would writing up a deal be like the regular?
Could I offer to pay the taxes plus cash for the deed?
Is there still a redemption period considering it wasn't at auction?
All help is greatly appreciated! Thank you!