After a Texas Tax Sale: The Right of Redemption and the Surplus
By Steven Hoeke, Breaking Down Fast-Sale Options for Texas Sellers
(House Buyers Texas)
Most people I talk to about back taxes are still ahead of the sale. A few call after it, when the house has already gone to a bidder and they want to know whether anything is left for them. There can be. Texas gives a former owner two separate things after a tax sale: a right to buy the property back, and a claim to any money the sale brought in above what was owed. The Tax Code is specific about both, and the details decide whether either one is worth anything to you. Here is what I read in Chapter 34 this week. The right of redemption in Texas, for a homestead Section 34.21(a) says the owner of property sold at a tax sale to a buyer other than a taxing unit "may redeem the property" if it was the owner's residence homestead, or land designated for agricultural use, when the tax suit w...
Comments
5