Texas Tax Sales

Hello,
Anyone going to any of the tax sales in Texas Tuesday Aug. 5? I'll be in Gregg County...
Mike

Comments(2)

  • JohnI4th August, 2003

    I will be at the Montgomery County auction.

    This will be my first tax lien sale. With that said, I have a question I haven't seen addressed on this board. What happens to any money bid over the outstanding minimum bid? Let's say there is unimproved property valued at $100k, with taxes due of $15k, which in Texas would be the "minimum bid". Someone comes along and wins the bid at $25k, does the extra $10k go to the former property owner or county?

    Thanks.

  • StatHaldol4th August, 2003

    Hi John!
    This will be my first sale in Texas also, I have bought tax lien certificates in Louisiana for about three years. I'm going mainly as an observer Tuesday so I will be interested in reading others reply to your question.
    Good luck on your sale in Montgomery County! Write and let me know how it goes!!
    Mike

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