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Updated over 3 years ago on . Most recent reply

Account Closed
  • Rental Property Investor
  • New Braunfels, TX
103
Votes |
141
Posts

Sheriff Sale Title Issues

Account Closed
  • Rental Property Investor
  • New Braunfels, TX
Posted

I bought two single family properties in 2020 at the sheriff sale in Guadalupe county. Neither were homestead so they fell under the 180 day rights of redemption period. The problem I ran into is that I can't find a title company that will give me clear title until two full years are up. This is not a big deal for me because I'm keeping them as long term rentals but it is frustrating because if I wanted to sell them before the two years are up I would have to discount the price because of no clear title. The title companies are afraid that "someone that is a potential heir might show up and say they weren't notified of the sheriff sale". Just wanted to share this in case you think you can buy something at a Texas sheriff sale and get title after the 180 day rights of redemption period is over. 

Most Popular Reply

Account Closed
  • Rental Property Investor
  • New Braunfels, TX
103
Votes |
141
Posts
Account Closed
  • Rental Property Investor
  • New Braunfels, TX
Replied

@Bruce Lynn @Andrew Postell Thanks for the replies guys. I'm ok with holding them, the first one rented within 4 days after the rehab for $1,725/month and the second one should rent just as fast when we finish the rehab. I think my sheriff sale days are over anyways because of the lunatics that are showing up on the courthouse steps this year. People are paying way to much for properties. I'm talking .14 acre lot in the ghetto with nothing on it for $115,000. I think I got the last two good deals in 2020 before the real estate madness really started.

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