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Welcome back. I'm Ted Thomas and in this episode, I'm going to answer the question is Texas a tax lien or a tax deed state? Well, you're going to be surprised, you're going to like what you hear. But, I'm also going to give you some inside tips that I'll cover in the middle part of the session and then I'll end with a few things that you want to avoid. Before you go to the auction, you'll definitely want this information. So, I'm Ted Thomas. I've been doing this for about 30 years. I've been actually teaching it for the last 25 years. We're going to talk about tax deeds, redeemable tax deeds because you see, Texas does not sell tax liens. They sell tax deeds which means a tax defaulted property and they sell what they call a redeemable tax deed and that simply means that when you buy the deed to that property, it's redeemable. In other words, the owner can come back and buy it back from you, but if they come and buy it back from you, they have to pay you wha...
