Texas tax lien question

[Shane Rawlings]

One thing that confuses me is when bidding do you get interest on the amount you over bid from the original owed amount or by over bidding are you lessening your profits?

Does anyone know a good resource for learning about the Texas tax sale process?

Thanks,

Shane

[Josh James]

As Karl and Don posted, you do get the redemption premium on you total bid. Under certain circumstances, you get the premium on necessary improvements to the property to preserve its value. As always, the best source for information is the Texas code.

There are a couple law firms in Texas that handle multiple counties. I will link to them at the bottom.

I have been investing in tax sales for a bout 4 years in Texas. I have not had one redeemed yet. The redemption period differs for different property types. Also note that there are other properties sold on the courthouse steps that are not sold for delinquent taxes.

Sales are usually on the first Tuesday of the month. Smaller counties may not have sales every month.

Sources:

http://www.publicans.com/services/tx_tax_sales.htm

http://pbfcm.com/

http://www.statutes.legis.state.tx.us/Docs/TX/htm/TX.33.htm

http://www.statutes.legis.state.tx.us/Docs/TX/htm/TX.34.htm