Tax auction vacant lot redemption period?

[Cindy Alaniz]

This is my first time doing something like this. I was very nervous but I did some research before attempting to buy anything. So,  it's a nonagricultural lot in Montgomery TX that I purchased from the tax auction in November 2019. The deed that I found was dated 1984 and nothing else. I'm wanting to sale it. What is my redemption period, 6 months or 24? Is there something else that I need to do before selling? 

[Bruce Lynn]

Likely 6 months, but realistically 2 years in most cases.  Check with your title company to see when they will issue title insurance.  That's probably the biggest factor.  You can of course sell without title insurance, but that probably limits your pool of buyers and could generate some risk for you.

Even if the redemption period ends after 6 months, there is always a chance within 2 years that the previous owners could contest the sale and that is why many title companies won't issue title insurance.

You could also put in some kind of buyback guarantee in the contract if you sell before two years, to buy it back at cost if seller trys to redeem or contest.