TX
The investor buys a deed to the property, but the former owner keeps a window to redeem and reclaim title.
Sale type
Redeemable deed
Redemption
6 mo
Interest / penalty
Redemption premium · 25%
Sale timing
Monthly
Rules in plain English
Sale type
Redeemable deed
The investor buys a deed to the property, but the former owner keeps a window to redeem and reclaim title.
Tex. Tax Code 34.21(a)
“may redeem the property on or before the second anniversary of the date on which the purchaser's deed is filed for record”official source ↗
Redemption period
6 mo
6 months from the date the deed is recorded
Tex. Tax Code 34.21(a),(e)
“may redeem the property on or before the second anniversary of the date on which the purchaser's deed is filed for record”official source ↗
Interest / penalty
Redemption premium · 25%
A redemption premium of 25% applies.
Tex. Tax Code 34.21(a),(e)
“plus a redemption premium of 25 percent of the aggregate total if the property is redeemed during the first year of the redemption period”official source ↗
Bid method
Highest bid
The parcel or lien goes to the highest bidder at auction.
Tex. Tax Code 34.01(j),(o)
“the officer making the sale shall reopen the bidding at the amount of that person's bid and bid off the property to the highest bidder”official source ↗
Sale schedule
Monthly
Sales are held monthly.
Tex. Tax Code 34.01(r-1)
“must take place between 10 a.m. and 4 p.m. on the first Tuesday of a month”official source ↗
Redemption detail
- Base period
- 6 months
- Starts from
- the date the deed is recorded
- Notice days
- Not documented
- Exceptions
- 2
| Property class | Redemption |
|---|---|
| homestead | 24 months (2 years) |
| agricultural | 24 months (2 years) |
Interest schedule
| From month | To month | Rate | Label |
|---|---|---|---|
| 0 | 12 | 25% | first year |
| 12 | 24 | 50% | second year |
Bidder process
- 01Find the sale on the county's posted notice; sales are on the first Tuesday of the month, 10 a.m. to 4 p.m., at the courthouse or its designated area (34.01(r), (r-1))
- 02If the county has adopted 34.011, register with the county assessor-collector and get a written registration statement before the sale begins
- 03Request a sworn statement of no delinquent taxes from the county assessor-collector (34.015(c))
- 04Bid at the in-person sale, or online where the commissioners court has authorized it (34.01(a-1), (r-2))
- 05Show the unexpired statement to the officer to receive the deed (34.015(b))
- Registration
- Not documented
- Registration mode
- Not documented
- Registration deadline
- before the sale begins, where the county has adopted Tax Code 34.011
- Registration fee
- Not documented
- Deposit required
- Not documented
- Deposit amount
- Not documented
- Deposit percent
- Not documented
- Deposit refundable
- Not documented
- Sale format
- hybrid
- Payment deadline
- Not documented
- Payment methods
- unknown
- Residency required
- Not documented
- Statement of no delinquent taxes from the county assessor-collector (Tax Code 34.015; expires after 90 days; fee up to $10)
- Deed is delivered only to the successful bidder named on an unexpired 34.015 statement
Tex. Tax Code 34.011(b)-(c)
“A person is not eligible to bid at a sale of real property under this chapter unless the county assessor-collector has issued a written registration statement to the person before the sale begins.”official source ↗
Tex. Tax Code 34.015(b)
“The officer may not execute or deliver a deed to the purchaser of the property unless the purchaser exhibits to the officer an unexpired written statement issued under this section”official source ↗
Tex. Tax Code 34.015(j)-(k)
“a county assessor-collector may charge the person requesting a statement a fee not to exceed $10 ... A statement expires on the 90th day after the date of issuance.”official source ↗
Tex. Tax Code 34.01(a-1), (r-1)
“must take place between 10 a.m. and 4 p.m. on the first Tuesday of a month”official source ↗
Notes
Tex. Tax Code 34.01, 34.21, 34.23; official Texas Constitution and Statutes site (statutes.capitol.texas.gov). | Prose: redeemable deed | redemption premium 25% of aggregate if redeemed in year 1; 50% in year 2 (180-day cap 25%) | 2 years (residence homestead/agricultural/mineral); 180 days (other property) | public auction to highest bidder; bid off to taxing unit if bid insufficient | first Tuesday of a month