Videos are Fun to WatchHi Dustin. I was reading previous entries on your blog, and was interested in one that talked about what happens to the extra funds that are bid over the amount of the back taxes owed. The post stated something to the effect that these overages can be claimed by the property owner within a certain period of time, or else they then go to the county. That most people don’t know this, and that you could possibly get finder’s fees by helping people get this money owed to them. I live in Texas. Since Texas is a deed(hybrid) state, does this mean that the owner that lost the property to foreclosure would be owed the money? The bank that had the mortgage? Or if you were the bidder that won the property, would you be due a refund of the overage at the end of the 6 months if it did not redeem? Also, in Texas, what happens if between the time you bought a property at a tax sale and the end of the 6 months the owner declares bankruptcy. Do you still get the property if they don’t redeem at 6 months or is it held up in court?
Thanks for your answers, and your videos. The videos are fun to watch and motivating too. I have not yet gone to a tax sale, but I plan to soon. If you would have a Texas tax sale training trip in the Dallas area that would be great. I would really enjoy training on my home turf.

 

DanaK
Tax Sales Secrets Training Blog

 

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