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Updated about 3 years ago,
Texas Tax Lien Auction Questions
Hello all,
I am reviewing a list of properties for an upcoming tax lien auction in my Texas county, and I have some questions about how to evaluate the properties.
1. How do I know if there are secondary liens or anything besides taxes owed on the property? And how would I know the amounts owed?
2. How would I officially transfer ownership of the property to myself if I purchase one? And at what point would I do this? After the 2 year redemption period ends?
3. Due to the 2 year redemption period in Texas where the former owner can buy back the property, would I simply hold the property and wait for the redemption period to expire before performing any renovations?
4. The list of properties has a column for "Purchaser and Purchase Amount", and one of the properties has an "intervener" listed which looks to be a mortgage company. How can one buy a property prior to the occurrence of the tax lien auction?
Thank you,
Andy McAfee