Excess Proceeds Texas With Lien

• Category: Releases and Waivers - Petitions
• State: Texas
• Control #: TX-03500BG
• Format: Word; Rich Text

Description

The Excess Proceeds Texas with Lien form is a legal document utilized in Texas to petition for the release of surplus funds generated from a property tax sale, as authorized under Section 34.04 of the Texas Property Tax Code. This form allows the petitioner, usually the former property owner, to seek distribution of funds remaining after all taxes and associated costs have been satisfied. Key features of the form include sections to detail the property in question, such as its legal description and relevant billing and parcel numbers, as well as information regarding the parties entitled to notice regarding the petition. It requires the petitioner to specify the amount of excess proceeds and incorporates a notice of hearing, ensuring all related parties are properly informed and can respond appropriately. The form should be filled out clearly with accurate details, and it is important to serve copies of the petition to all necessary parties to comply with legal procedures. This form is particularly useful for attorneys, paralegals, and legal assistants dealing with property law, as it streamlines the process of recovering excess funds for clients who may be unfamiliar with legal intricacies. Moreover, partners and associates in legal practices benefit from understanding how to navigate these petitions to efficiently represent clients in matters of real estate and tax sales.