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Updated over 2 years ago on .

User Stats

22
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5
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Arjun Epu
  • Spring, TX
5
Votes |
22
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redeeming property after foreclosure in texas

Arjun Epu
  • Spring, TX
Posted

HI All,

When properties are bought through tax foreclosure in Texas, these are redeemable in either 6 months or 2 years based owner occupant or non owner occupant. When the actual owner of the property redeems the property after foreclosure auction (by paying foreclosure amount + 25%). what happens to mortgage on the property and other liens like hoa , mechanical etc. are all those wiped off and if owner responsible to pay those after redeeming property ?