2020 VISION
FOR TAX SALES IN TEXAS Making it Easier or Just Plain EASY
by Arnie Abramson
Image by Tumisu from Pixabay
WHAT EXACTLY
IS A TAX DEED PURCHASE ?
It is the purchase of a real estate property that has been auctioned off at a tax sale because the owner did not pay his property tax . This is not something that occurs in every state . Some of the states are tax lien states and others are tax deed states . In fact , some states have both . To learn about and participate in either can be complicated , confusing , tedious , and expensive .
In tax lien states , the amount owed for back taxes are sold and the buyer can collect principle and interest from the property owner or foreclose on the property if payment is not made .
In tax deed states , the property itself is sold at the auction and the bidding usually starts with the amount
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