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Foreclosed Property Auctions For Harris County To Move Online Soon

Last month, Governor Abbott signed into law SB1452, which authorizes foreclosed properties to be sold online in Harris County. When those auctions move online, it will increase the bidders involved and bring in more money for the county.

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The sale of foreclosed property in Harris County is underway in downtown Houston.

 

Activity was brisk at the Harris County Family Law Building for the monthly sale of foreclosed properties — from rental, residential to commercial.

Ralph McKee is no stranger to the event. He says with the amount of cash that’s exchanged out in the open, moving the process online is a no brainer.

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The auction of foreclosed property in action.

“It’s a happening I mean, you’ve got each precinct doing their … you’ve got eight precinct sales,” McKee says. “There’s a whole lot of cash around here. I’m glad to see all the constables. I’d be nervous as hell otherwise.

Harris County Tax Assessor-Collector Mike Sullivan says this process is about as old as the city itself. It began in 1839. He says moving the auction of foreclosed property online will help educate more bidders.

“If you are coming down with maybe $5,000 to invest in a lot, and you don’t know the process, and you don’t know which constable has what property for sale at what time, then you’re going to put a lot of people out. We hope this opens it up to, not just other Harris County residents, but to people around the state, around the country, and potentially, around the world. It’s very exciting,” Sullivan says.

Last year, Harris County collected more than $28 million in back taxes owed on over 2,000 properties.

Online auctions should start in January.

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