Oklahoma Tax Lien Resale

[Austin Ralls]

I am looking to purchase tax lien properties from my county this summer, but looking for a little guidance on a few things. I have been told by the treasurer that the owner has until the deed is filed to pay the taxes and fees in full and then a full year to file a case to attempt to prove the sale is invalid and that is the only recourse they have. Does this mean that I take complete ownership of the property after the deed is filed and can do anything I wish to the property? Or do I have to wait until the year has passed for them to file a case before I can take ownership and resale, rent or move myself into the property? This is another area of real estate investing I'm very interested in getting into and looking for so many answers.

Thanks in advance for all your help!!

Austin

[Bruce Lynn]

I would read the law regarding tax sales in your state real estate code or whatever section covers that.   Some people don't like ready law or legalese, but I've found in Texas it is very easy to read and understand.   I hope OK is the same.   You might be able to look it up yourself online or you could ask your contact.  Read it once, put it down for a while, read it again a week later and again a month later, then review periodically.  Then you'll know more than most and even more perhaps than the people who should know.