Real Estate Investing Forums

Real Estate Investing => Bird Dogs, Wholesaling => Topic started by: rgchamb on August 14, 2007, 04:01:46 am

Title: Escheat of Property
Post by: rgchamb on August 14, 2007, 04:01:46 am
Has anyone ever taken possession of an abandoned property - where the owner died without a will & there were no heirs?  If so, what did you do & how long did it take?

I'm looking at a situation in TX where the owner died & there is no will & no heirs & property taxes are owed.  The property is in a high growth area.

Thanks in advance for your responses.
Title: Re: Escheat of Property
Post by: BLL on August 15, 2007, 12:39:22 pm
Ask the State Treasurer for TX. That is the branch of government that usually handles this kind of thing. I would expect the time to actually get the deal done to be measured in years.
Title: Re: Escheat of Property
Post by: rgchamb on August 16, 2007, 05:41:21 am
If it takes years, then there are plenty of fish in the sea.  So as we investors say "NEXT"!