Tax Auction And Leases
Hello,
I heard of a deal to purchase a residencial property through a Texas Tax Auction. Property has 115 units.
I understand the Previous owner has 6 month to come back and buy the property for your bid plus 25%.
However, after you take owner ship of the property how do you ensure the rents are being paid to the new owner(i.e. you),,,When in fact all the Leases are in the previous owners name????
And the same with the Deposits
Does any one have expereince with this.
thanks
AC
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