All Forum Posts by: Arnie Abramson

What state are you in?  In Texas, it is not whether you can sell it during the redemption period but who would buy it without a title insurance policy that you probably cannot get during that period.  In addition, here there is another caveat-the 2 year period that someone with a insurable interest has to contest the sale if they were not properly notified of the sale and given an opportunity to pay the back taxes.  There are ways to deal with these things but you need to be aware of them. 

Most title companies require 2 years and some 5 years.  It is because of their right to contest the sale if they were not properly notified.  It may be possible after 180 days as some title companies are starting to understand.  Let me know if I can help.

What state are you planning to buy in?

Congratulations Harrison.  If I understand your question, you know the redemption period is 180 days unless it is a homestead or has an agricultural exemption but you are asking about mineral rights.  The mineral rights are part of what you purchased unless they were "severed" from the real property and only then would they have a 2 year exemption.  I started buying Texas tax sale properties in 1992 so I will be happy to answer any questions you may have.

Welcome Jairo.  First of all you need to know that tax lien certificates are not auctioned in Texas.  Texas is a tax deed state.  To the best of my knowledge there is no definitive book on them that has been published in the last few years.  There are a couple of websites and meetups available from which you can learn.  Where are you located as there are  couple of meetups for learning coming up starting net week.  contact me if you want more info and I will also be happy to answer any questions for you about tax sales in Texas.

Since you mentioned that it is a manufactured house you need to check and see if the house goes with the property.  It could be deemed as personal property and not real property and if so would probably not be included in the sale.  In that case you could be held responsible for moving it after the purchase of the land, which is real property.  Your best bet is to first find the owner, find out what his story is and go from there.  Let me know if I can help.  Another issue is the new person on the deed.  That could take months for them to find him and that is another issue that we can discuss after you find out about the personal or real property issue.

Happy holidays to you and all the readers.

Probably the minimum bid is $13,000 plus but the other may be post judgment taxes.  It means that the taxes owed when the judgment was rendered was $13,000, but it may have taken them a long time to notify everyone who had an equitable interest in the property and the taxes that have accumulated since then plus the administrative costs may be the difference.  Generally that means that whatever you pay for the property at auction, you will then have to pay the post judgment taxes but not necessarily the same day but you do inherit them.  Sometimes they do "mark them up" to the last year and that is why we always call before the sale to ask through what year the minimum bid is through.

There are real estate investment club meetings every night in Dallas.  Jump on Google and find one and when you go ask other people there here else they go to learn.  Start your networking. Call me if you need assistance.

Rick is correct.  Texas is a tax deed state.  Contact me if you wish and I can point you in the directions of where to get the lists and where you can learn about them.  If you loan to those behind on their taxes you had better know what you are doing.  There are very stringent rules to follow if you are not a licensed tax lien lender and you want your loan to move ahead of other liens.

What state was it in?