Texas Tax Deliquent Properties.

[Account Closed]

BP Dfw Community I have a question, once properties are listed for sale/auction by the county, does that disqualify my ability to make a deal happen with a motivated seller ? Or up until the actual sale am I still able to make something happen? Tarrant county in particular. Any information is a big help ! Thks

[Bruce Lynn]

There also could be an alternative to create an LLC, pay the taxes as a tax lien loan. That protects you some, so in case the deal doesn't work out for you, you still have a loan in 1st position that needs to be paid if they sell to someone else or don't close with you. That gives them some time to push off the foreclosure, and still protects your interest and if they don't pay you back you could foreclose on them. Obviously this is a lot more work and somewhat of a last resort, but gives you some options and breathing room if the other strategies don't work out. You probably want attorney help doing this, and one that is very familiar with tax lien lending.