For Texas property owners facing a tax sale or mortgage foreclosure. Honest information, not a sales pitch. You have more time than you think. Use it wisely.
Texas counties hold monthly tax sales on the first Tuesday of each month at the courthouse steps. The path from delinquent taxes to losing the property takes roughly 18 months if you take no action.
Texas is a non-judicial foreclosure state. Most mortgages contain a power-of-sale clause allowing the lender to foreclose without court involvement.
You have options. Listing with a realtor can work if the property is in reasonable condition. A cash buyer is faster and pays taxes/liens at close. Loan modification, payment plan with the county, or refinancing (if equity exists) are all real. Don't panic. But start calling now — every month costs more in interest and penalties.
Traditional listing is too slow. A cash sale can close in 7-14 days and pays the lien at closing. If equity exists (the property is worth more than the debt), you walk away with the difference. If there's no equity, the cash buyer may still absorb all costs so you avoid the credit hit from a foreclosure on your record.
The window is closing. A cash buyer can still beat the auction, especially if you've got clean title. This is also the moment to contact your lender — many will accept a short sale or deed-in-lieu to avoid the foreclosure on their books. A Texas attorney who specializes in foreclosure can sometimes get a postponement.
Texas law gives homestead owners 2 years to redeem after a tax sale (6 months for non-homestead). You pay the auction price + 25% in year one, 50% in year two, plus any taxes the buyer paid. Mortgage foreclosure generally has no post-sale redemption in Texas except in very narrow cases.
In distressed situations, scams multiply. Watch for: anyone asking you to sign a deed without a title company involved, anyone asking for upfront fees, anyone promising to "save your home" for a large payment, anyone pressuring you to decide today. A legitimate cash buyer closes at a licensed title company with a signed contract first, deed exchanged for funds at close, never the other way around.
We buy properties directly from Texas owners facing tax sale or foreclosure. We close in 7-14 days at a title company. We pay the taxes or lien balance at closing from the sale proceeds. If there's equity, you get the remainder. If there's no equity, we can sometimes still structure a deal that avoids the credit hit. No pressure. If we're not the right fit, we'll tell you and point you to better options.
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