Heir Is Looking For Advice On Redeeming Tax Property
I recently inherited a several houses from a relative in Greenville Tx. But they were sold just last year in a tax auction. I know in Texas, an heir has up to 2 years to redeem them. And I dont have a clue how to get them back. Willing to work with an investor to split the cost and profit if they can help.
I just know i have to pay the back taxes, interest, and any upgrades the owner put into the house. And i dont even own a pot to #%@@ in. So i have to move QUICK.[ Edited by jason023 on Date 11/14/2004 ]
First, did you check to see if the properties were worth redeeming?
Also, have you considered talking to the person with the tax lien? Maybe they would recompense you for a quit claim deed as that would make it easier and cheaper for them to get title insurance and such
Thanks for responding so quickly. No i haven't met the owner of the property yet. I wanted to make sure I'm ready and in position to take the property back. Some of the properties are worth looking into. Some of them are not.
Jason023--TX-----------------
Are you sure? There is a two year right of redemption on only three types of properties in TX after the tax sale, as far as I know:
--homesteaded
--agricultural
--mineral rights.
All the others are 6 months.
Are you sure you have the right of redemption for 2 years.
I know a lot about real estate and tax sales. I bought one tax sale house in Waco. It was redeemed from me. I have a dozen houses in OK state that I have bought at tax resales.
I have a property in escrow to sell and am looking for some good long-term rental properties, so it might make sense for us to work together on this.
Could you email me? **Please See My Profile**
Good Investigating*************Ron Starr************
Jason023--TX-----------------
Are you sure? There is a two year right of redemption on only three types of properties in TX after the tax sale, as far as I know:
--homesteaded
--agricultural
--mineral rights.
All the others are 6 months.
Are you sure you have the right of redemption for 2 years.
I know a lot about real estate and tax sales. I bought one tax sale house in Waco. It was redeemed from me. I have a dozen houses in OK state that I have bought at tax resales.
I have a property in escrow to sell and am looking for some good long-term rental properties, so it might make sense for us to work together on this.
Could you email me? **Please See My Profile**
Good Investigating*************Ron Starr************