I was wondering if anyone knew if the "over the counter" sales or offered in every state. I buy tax sale properties in Indiana, Indianapolis. There are always a number of properties left on the surplus tax sales list and I'm trying to see if there is a way to go back and buy them.
@Tony Jefferson Welcome to BP! Over the counter sales on liens or deeds are usually determined by the county (sometimes state or even city rules. You'll need to check with all three to see what the rules/procedures are for the area.
@Tony Jefferson have you bought any surplus sale properties? The prices seem to be a lot higher than tax sale ones.
I'm not sure if this is what you're referring to, but counties in Indiana have what's called a "Commissioner's Sale." Essentially, liens that aren't sold at the normal (fall) tax sale, are given to the county commissioners. They will reduce the price and sell them at a (spring) commissioner's sale. You can get some really affordable liens here, but they are generally the less desirable properties.
Also, please don't forget about the notice requirements after you buy a lien. You didn't get into real estate investing to labor over title paperwork and worry about whether you complied with the statutory notice requirements.
Texas doesn't offer over the counter until the property has been put through at least one auction. "Over the Counter" is labeled as resale or struck off, and depending on the controlling tax authority, the purchase process could take anywhere from a couple of days to several months. The rules for purchase can vary from county to county, and sometimes controlled by attorneys representing the taxing authorities.
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