Do you have to foreclose on a property from Tax Deed Sale
3 Replies
Penny Dun
from South Richmond Hill, NY
posted about 2 years ago
Do anyone know If you acquire a property at the tax deed sale do you have to foreclose on the property as well? Also what’s the process ?
Kyle J.
Rental Property Investor from Northern, CA
replied about 2 years ago
If you acquire a property through a tax deed sale you would not then foreclose on it. You’d be the new owner. Why would you want to foreclose on yourself?
Bruce Lynn
Real Estate Broker from Coppell, TX
replied about 2 years ago
@Penny Dun Where is the property?
Arnie Abramson
Wholesaler from Merit, Texas
replied about 2 years ago
In Texas the tax deed sale is a foreclosure sale. It is a foreclosure for non-payment of property taxes and foreclosed by the taxing entities i.e. county, city, school district. A trustee sale is a foreclosure by the bank or mortgage company for non-payment of mortgage.