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Updated almost 9 years ago on . Most recent reply

User Stats

104
Posts
47
Votes
Bill Tyler
  • Investor
  • Arlington, TX
47
Votes |
104
Posts

Tax Foreclosure - Redemption By Heirs

Bill Tyler
  • Investor
  • Arlington, TX
Posted

I was just notified that a property that has been in my family since the 1950's has been foreclosed due to unpaid property taxes (under $3,000).  It is 2.5 acres of land (house & buildings have been demolished). The owner (my grandmother) passed away years ago and evidently there are 14 heirs to the property.  

Now that it has been foreclosed and auction is pending - I know there is still a right of redemption period in Texas.  If one of the heirs (me?) paid the back taxes during the redemption period - would they become the sole owner or would the remaining heirs still have a claim?

I'm not sure if I would be able to have the winning bid when it comes to auction - so I'm trying to consider as many things as possible.

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