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The Right of Redemption
In Texas, you may be able to reclaim your property even after a tax foreclosure sale in certain situations. This concept is called the “right of redemption.” To redeem your property, you’ll need to pay off the total amount of the judgment against you, including any interest, taxes, penalties, and the costs of obtaining the lien, foreclosure, and sale. See Tex. Tax Code §§ 33.43, 33.48. Redeeming the property will stop the foreclosure process and release the tax lien. See Tex. Tax Code § 33.53. The amount of time you have to redeem your property is known as the “redemption period,” and it will vary based on the property type. Some properties have a 180-day redemption period that begins when the deed of sale is filed in the county records. Other properties, such as agricultural land and residential homestead properties, have a two-year redemption period. However, you may still have options if the redemption period has already passed. You may be able to recover any excess funds from the tax sale if the county sold your property for more than the judgment against you, including the costs of the foreclosure and sale.
You Need an Experienced Foreclosure Sale Attorney
If you and your family are facing a foreclosure or a tax foreclosure sale has already occurred, you need to understand your rights as a property owner. But you have a limited time to act to recover your property or excess funds from the sale. You need an experienced Texas attorney well-versed in helping those with foreclosed properties. Find out how the attorneys at Manfred Sternberg & Associates can help. Give us a call at (713) 547-5460 or contact us online to take the next step.
Mr. Sternberg’s track record and experience of working with clients from the earliest stages of their cases allows him to bring a uniquely broad-based perspective to the matters he handles.
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Phone: 713-547-5460
1700 Post Oak Blvd
2 BLVD Place Suite 610
Houston, TX 77056
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New Orleans, LA 70170
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