Getting ready for a redeemable tax deed auction is essential if you want to maximize your investment. These auctions offer a great opportunity to either earn interest on delinquent taxes or take ownership of properties at a fraction of their market value.

Here are some Pro Tips on How to Prepare for A Redeemable Tax Deed Auction:

1. Know the State Laws and Redemption Periods

The redemption period is the time the original owner has to reclaim their property by paying the taxes, interest, and any associated fees. Redemption periods differ depending on the state:

Texas: Most properties have a 6-month redemption period, but for homestead or agricultural land, the period can extend to 2 years.

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