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Updated over 3 years ago on . Most recent reply

User Stats

52
Posts
18
Votes
Adam R.
  • Investor
  • bristol, RI
18
Votes |
52
Posts

Negotiate with owner during redemption period

Adam R.
  • Investor
  • bristol, RI
Posted

I have 2 good leads on properties that are in the 1 year redemption period after tax sale.

1) Can I buy the property directly from them and get the deed prior to the end of the redemption period and then payoff the winner of the tax sale auction who has the right to redeem? Or can it only be the current owner who can settle up with the auction winner?

2) Any ideas for direct engagement with the property owners? My offers have fallen on deaf ears and they are likely to walk away with nothing if they don’t act soon.

Most Popular Reply

User Stats

887
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758
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Jerel Ehlert
  • Attorney
  • Austin, TX
758
Votes |
887
Posts
Jerel Ehlert
  • Attorney
  • Austin, TX
Replied

Texas redemption is under Sec. 34.21: https://statutes.capitol.texas...  subsection (l) says transferring right of redemption is void.

Paying the former owner to redeem the property can be tricky, but doable. Looks like a double close.  I doubt title companies will touch it.  The purchaser can be the difficult point.  Be ready to sue to enforce the right of redemption if they don't play along.

  • Jerel Ehlert
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