The City of Clarendon in conjunction with the Texas Communities Group, LLC, will begin placing “For Sale” signs on available trust properties within the city in the coming days.
A press release from City Hall says this project is a part of the clean-up effort spearheaded by the City of Clarendon and other participating taxing entities.
Trust properties are lots and tracts of land which have been foreclosed upon to collect a tax lien due the local governmental entities, the City of Clarendon, Donley County, Clarendon ISD, Donley County Hospital District, the Clarendon College District, and the Panhandle Ground Water Conservation District. These properties were put up for auction and went unsold at the tax sale. The properties are then “struck-off” to the entities.
The placement of the signs on available property will identify the properties available for purchase. There will also be catalogs disbursed within the community.
Anyone over 18 years old can submit a bid for a property. However, a successful bidder cannot owe delinquent taxes on other property in the county, owe an unpaid fine or fee to the city and/or county, and/or own other property in the city/county that is subject to existing penalties for codes enforcement.
Those interested may place a bid online at www.texascg.com or can simply go to the City of Clarendon and submit a bid, which is the price you would consider paying for the property you wish to buy. Should you meet the requirements listed above and your bid is sufficient and accepted by all entities, the property will be deeded to you upon receipt of the payment of your bid amount and fees to cover the cost of the deed and recording fees, which are minimal.
Texas Communities Group recalls the saying that one person’s trash may be another person’s treasure. This is certainly the case with Trust Property, the press release says. If you are interested in a property, there certainly is value to you. Maybe the property is next door and you can expand your yard or build a garage. Perhaps a property with a structure can be rehabbed into a profitable rent house. Never underestimate the power of an entrepreneurial mind.
Citizens are urged to notice the signs, look through the catalog, or go online and scroll through the properties.
The process to purchase these Trust Properties is simple; just submit the winning bid. The paperwork and recording is done for you. Returning property back to the tax rolls is one purpose of this effort.
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