Purchase tax deed in fort bend county, TX. Due to HOA dues.?

Question

I bought a house in a tax deed sale in fort bend county, TX I got the deed paper in my name from the constable office and recorded to the county Clarkk office. It was in constable sale due to home owner's association dues on it. After month later I saw the property on the foreclosure sale in the county. I try to contact the bank and they will not talk to me because the loan was on the previous owner. I need to know what willhappenn to my investment? will I lose my investment? or what should I do next? Can bank foreclose the house without my knowledgee? Please help.

2 months ago - 2 answers

Best Answer

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You will not lose your investment. TX is sort of a "hybrid" state where you do have a tax deed and not just a tax lien, but the owner (homeowner or mortgage company) are allowed a redemption period where they can get the property back. If this was a homestead property (which it probably was because of the HOA dues) then they have two years from the date of your sale to redeem their ownership. They will have to pay you your investment back, plus a flat 25% penalty payable to you for your trouble. If they foreclose, they will pay you back because the lender is not going to lose the house for just HOA dues.

by OldJimmy

2 months ago

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