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Updated over 8 years ago on . Most recent reply

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Christina Phillips
  • Web Designer
  • Edinburg, TX
0
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Assignment Purchasing of Tax Liens

Christina Phillips
  • Web Designer
  • Edinburg, TX
Posted

I know that you can purchase tax deeds in Texas with a 6 month redemption period at 25%. I also know that these tax deeds are for sale at auction in every county every month. What I do not know is whether or not the state of Texas allows assignment purchasing for investors to buy tax deeds that do not sell at auction over the counter. Does anyone know? I don't have the time nor the resources to be going all over the state for these auctions and I don't have the money to compete with some of these big-money companies in an online bidding war. What I really need is over the counter deeds that I can invest in. I have been searching the internet for the answer and cannot find it anywhere. Does Texas even do this sort of thing? I know other states do.

Thanks in advance!

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Dennis Weber
  • Real Estate Investor
  • Indianapolis, IN
165
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Dennis Weber
  • Real Estate Investor
  • Indianapolis, IN
Replied

@Christina Phillips  these are called struck offs in TX. You can get an incomplete list of the counties they cover @ www.lgbs.com. There's another but I can't think of it right now. You can get acomplete list of Harris County's @ foreclosehouston.com. But you gotta pay for this site. 

But John's right, almost all struck offs are worthless and take a lot of time to find that gem. But put on your miners hat and start digging. Let us know if you find anything. I'm told they're there. I just can't tell you where there is. 

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