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Updated over 2 years ago, 03/18/2022
Texas tax lien question
I am looking to purchase a property that was bought by another investor at the tax auction. I know in Texas the original owner has the right to reclaim the property for up to 2 years by repaying the lien holder what it was purchased for at auction. I have been told that the previous owners are deceased. This home will need substantial rehab before I can use it as a rental. With that my concerns are loosing the property and all of the rehab budget if someone steps up to reclaim.
Can a family member reclaim a home of a deceased relative that was sold via tax lien? What would be my exposure financially?