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Updated about 4 years ago,
Tax sale redemption - has this happened to anyone?
Texas tax code allows for previous owners to redeem a property when sold at a tax auction, and many other states have similar laws. In Texas, the redemption period is for 180 days, or 2 years if the property was homesteaded or ag use. The previous owner must pay a premium of 25% of the "aggerate total" of the bid amount, filing fees, necessary repairs, etc... My question is, has anyone actually had this happen? If so, how did the process go - did the previous owner pay you directly? thanks!