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ForumsArrowTax Liens, Notes, Paper, & Cash Flows DiscussionArrowDo you have to foreclose on a property from Tax Deed Sale
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Do you have to foreclose on a property from Tax Deed Sale

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  • Posts 9
  • Votes 3

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 ?

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Check Rosette Top Subjects:
Finding & Screening Tenants, Single Family, and Residential
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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?

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Bruce Lynn
Real Estate Broker from Coppell, TX

replied about 2 years ago

@Penny Dun    Where is the property?

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  • Posts 215
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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.

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