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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: sheriffs tax sale and IRS liens and bankruptcy Posted by trel on October 09, 2001 at 8:44 AM In Reply to: sheriffs tax sale and IRS liens and bankruptcy posted by KEL on October 08, 2001 at 12:03 AM KEL, The best place to research this is at the County Tax Collector's Office. Yes, your purchase can be worthless, and yes, you want to do a lot of research before purchasing a Texas Tax Deed. The two prevailing investing methods are; to buy the deed in hopes that the borrower won't redeem so you end up with the property, or buy the deed hoping the borrower will redeem at the high interest rates. The borrower has a two-year redemption period. Whether or not he pulls a bankruptcy during that period, perhaps could delay the process, perhaps not. I don't see this a major problem. Yes, all liens and encumbrances should be recorded in the county where the property lies. trel Follow Ups: Re: sheriffs tax sale and IRS liens and bankruptcy KEL 10:01 AM, 10/09/01 (1) Re: sheriffs tax sale and IRS liens and bankruptcy Jim V 9:51 PM, 10/09/01 (0) Post a Followup: Name : E-Mail : Subject : Comments: : KEL, : The best place to research this is at the County Tax Collector's : Office. : Yes, your purchase can be worthless, and yes, you want to do a : lot of research before purchasing a Texas Tax Deed. : The two prevailing investing methods are; to buy the deed in : hopes that the borrower won't redeem so you end up with the : property, or buy the deed hoping the borrower will redeem at the : high interest rates. : The borrower has a two-year redemption period. Whether or not : he pulls a bankruptcy during that period, perhaps could delay : the process, perhaps not. I don't see this a major problem. : Yes, all liens and encumbrances should be recorded in the county : where the property lies. : trel Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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