Texas Delinquent Tax Foreclosure

State:
Texas
Control #:
TX-03500BG
Format:
Word; 
Rich Text
Instant download

Description

The Texas delinquent tax foreclosure form facilitates the process of releasing excess proceeds from a tax sale of real property as per Section 34.04 of the Texas Property Tax Code. This petition enables the petitioner to claim surplus funds that remain after payment of all due taxes, penalties, and costs related to the foreclosure and sale. It requires essential details such as the name of the petitioner, property description, and amount of excess proceeds. Users must accurately fill in responses to each section, including notifying other parties involved in the case about the petition. This form is particularly useful for attorneys, partners, owners, and paralegals who represent clients seeking to recover excess proceeds from tax sales. It helps ensure proper legal procedures are followed and can streamline communication among involved parties. Legal assistants can also utilize this form to aid their teams in managing cases efficiently, by organizing required documents and notifications. Overall, this petition serves as a formal request for courts to release excess funds back to rightful owners, reinforcing property rights in Texas.
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  • Preview Petition for Release of Excess Proceeds and Notice of Hearing

How to fill out Texas Petition For Release Of Excess Proceeds And Notice Of Hearing?

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FAQ

How Does The County Foreclose a Tax Lien? In order to foreclose, the taxing authority must file a lawsuit against the owner of the property.

Although there is no specific timeframe for foreclosure, Texas delinquent property tax laws allow a tax lien on all properties as of January 1 of each year until the property taxes are paid. That lien allows the tax assessor to foreclose on a home if they believe the delinquent property taxes will not be repaid.

If the homeowner cannot pay off the overdue amount and does not have a valid defense against the foreclosure, then the property will be sold off at a property tax sale where the lien on the delinquent property is auctioned off to the highest bidder.

Delinquent tax property deeds are sold to the highest bidder. Bring acceptable for of payment ? cash or cashier's check before bidding on properties. An investor can win a bid by being highest bidder on delinquent tax property deed. The county will issue Sheriff's deed for the property to the highest bidder.

Delinquent tax property deeds are sold to the highest bidder. Bring acceptable for of payment ? cash or cashier's check before bidding on properties. An investor can win a bid by being highest bidder on delinquent tax property deed. The county will issue Sheriff's deed for the property to the highest bidder.

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Texas Delinquent Tax Foreclosure