If you are facing a pending tax foreclosure, or worse, your house was recently sold by a taxing authority, all is not lost. Texas allows home owners to “redeem” the property. The process requires competent assistance. That is where we come in. Let us help you recover your property or possibly avoid the tax foreclosure if it is still pending. If a court has not yet been heard the foreclosure matter, there may still be time to stop the process and save your property. The key to remember is that you have deadlines that will cut off your right to redeem the property. This is not an issue that can wait for tomorrow.
In Texas, if someone purchases a home at a tax foreclosure sale, the redemption period is generally two years. However, this redemption period applies to residential homestead properties and land designated for agricultural use when the foreclosure suit was filed. Other types of properties, such as rental properties, have only a 180-day redemption period.
What people facing foreclosure frequently do not understand is that if the property is sold for more than the amount owed, the property owner is entitled to receive the excess. Even if you were to decide you do not want the house back, you might still be entitled to recover some money.
Contact us and we will schedule a free 30 minute consultation to discuss the process for Real Estate Transactions and the options that are particular to your situation. Remember, you have deadlines to consider. If you miss those deadlines, you may have thrown away an opportunity.