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It is an open/oral bid process.
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Property Sales are only held when Writ of Execution/Orders of Sale are issued from the District, County, or Justice of the Peace Courts in reference to judgments. Sales are not always scheduled each month. Real property is required by Texas law to be sold on the first Tuesday of the month. All counties have sales on the same day.
We advertise the sales in the Denton Record Chronicle on the three Wednesdays prior to the first Tuesday of the month if there is a sale set.
On the date of sale, just prior to start of sale, bidders must: sign in, present current tax form showing they do not owe any ad valorem taxes, and receive bidder number. All of these conditions must be met in order to bid on property. You or your representative must be present in person for the sale.
Is there a deposit required before the sale? Denton County requires payment in the form of a cashier’s check or money order for the total amount that was bid. Payment plans are not accepted. Payment is not required at the time of purchase. However, the total amount must be paid by 4 p.m. on the day of sale unless special arrangements are made with the Constable’s Department. (Special arrangements are sometimes made if the buyer banks out of state) No deposit is required before the sale.
A Constable’s Deed is issued to the purchaser within 10 days.
All the expenses are included in the opening bid; however there may be additional taxes due on the property that have accrued since the judgment was rendered.
All the property is sold to the public.
Where are the sales posted? The sale notices are posted at the Denton County Courts Building and Frisco Government Center (5533 FM 423, Frisco TX 75036)
No, these are conducted by the trustees or attorneys for the lending institutions involved with the loans. These types of sales are also held on the first Tuesday of the month and are posted at the Denton County Courts Building.