So, what is the difference between a tax sale and a lien foreclosure sale?
A tax sale involves the sale of a property for taxes unpaid over the last 3 years. The tax sale purchaser has to wait 3 years before they can legally take ownership of the property (title is quieted). The tax debtor can pay the taxes at the last minute along with 1% per month interest and take the property back. Blighted property that goes to a tax sale (sherrif’s sale) only has to wait 18 months to “quiet the title”. See Title 47 of tax code. The lien foreclosure process is final. No waiting period. New owner can take possession immediately. There is a catch though. The neighbors, neighborhood association, or concerned citizens must pay the 32 dollar fee PER property for the certified judgement in order for the Lien Foreclosure process to move forward. *** Residents have a fiduciary duty to themselves and their neighbors to object to anything that affects the value of the residents’ investment or quality of life in a residential area. Let’s encourage commercial development in commerci
