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Updated over 6 years ago on . Most recent reply

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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
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Votes |
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Fort Worth Tax Foreclosure List

Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
Posted

The city of Fort Worth actually provides a sealed bidding process to their tax foreclosed properties.  This is NOT the court house steps auction process.  These are properties, both commercial and residential, that were foreclosed upon because the owner did not pay their property taxes.  This process makes all liens fall off.  It also has a clause where the owner could come back to purchase the property back from the new owner within a certain period of time.  With all things, do your research but if you haven't heard about these properties it worth checking them out.

http://fortworthtexas.gov/propertymanagement/realproperty/

  • Andrew Postell
  • Most Popular Reply

    User Stats

    7,926
    Posts
    6,317
    Votes
    Andrew Postell
    #1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
    • Lender
    • Fort Worth, TX
    6,317
    Votes |
    7,926
    Posts
    Andrew Postell
    #1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
    • Lender
    • Fort Worth, TX
    Replied

    @Ryan Blake yes, Fort Worth is one of the easier counties to work with on it.  And don't forget that the redemption period would require the buyer to pay you for all upgrades +10%.  Upgrades would have to be in line with the neighborhood (so gold plated fixtures would not be paid for) but it's super rare for this to occur.

  • Andrew Postell
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