What Is The RDI Delinquent Tax System?

The RDI Delinquent Tax System (RDTS) Provides A User Friendly, Web Based Interface For Searching, Extracting And Downloading Official Residential and Commercial Harris County Tax Collector Data.

Who Would Use The RDTS?

Investors, Realtors, Attorneys, Lending Institutions, Credit Agencies, City, State and Federal Agencies All Use The RDTS Data.

How Would An Investor Make Use Of The RDTS?

The RDTS Makes Locating Investment Opportunities Nearly Effortless. Simply Identify The Criteria That Meet Your Business Needs and The RDTS Returns a Tailor Made Data Set! (e.g. Query By Land Use Type, Equity, Number Of Years and Total Amount Delinquent, CAD Value, Law Suit and Bankruptcy Indicators and more!. The Results Are Presented in Both Summary and Detailed Format, with Links to RDI's Property Research Suite Available from the Detailed Report
(Research Residential Sales, Current Market Values, (AVM), Detailed Property Information).
For Non-Bankruptcy Properties, RDI Recommends Querying Properties At Least Two Years In Arrears-The Resulting Data Set Contains Optimal Opportunities As Reported By Successful Investors Utilizing The RDTS.

By Comparing The CAD (County Appraisal District) Value With The RDI Current Market Value (Using The AVM Module In The Detailed Report,) You Can Quickly and Accurately Determine The Market Value Of The Properties You Are Interested In Obtaining.

Skip Tracing of Absentee Owners Is Easy and Convenient from the RDTS… Just Click The Skip Tracing Link (from the Detailed Report) For Each Property Where The Owner And Their Phone Number Are Important To The Investor.

Use The RDTS Custom Download Program To Save and Manage your Results-Download Fields May Be Individually Selected (eg , Owner Name, Address, City, State And Zip Code) And Saved in .csv format, tailor-made for spreadsheet and database applications. Mailing Labels Can Be Easily Created From The Same .csv Dataset)

By Properly Data Mining The RDTS, Investors Can Quickly Locate And Move On Properties That Would Be Virtually Impossible To Locate By Merely Using The Harris County Tax Collector Data CD's.

Why Don't The Properties Listed In The RDTS Go To Constable Sale Auctions?

Typically, very few do. Those that DO go to Foreclosure are handled by the Constable Sales held the first Tuesday of the month at The Family Law Center, 1115 Congress Houston, Texas 77002 The RDI Foreclosure Report identifies the Delinquent Taxing Authority that moved the property forward to a Constable sale.

The Reason Why So Few Properties Are Moved To A Constable Foreclosure Auction Is Simple. The Taxes Owed Approach Or Exceed The Value Of The Property And The Chance Of Obtaining A Buyer At A Constable Sale Is Slim And Not Worth The Expense And Effort To Move These Properties Forward.

Can Investors Purchase These Delinquent Properties Directly From The Requisite
Taxing Authority Without A Constable Auction?

In Theory, And According To The Law, Yes. However, Most Harris County Taxing Authorities Will Not Permit This Perfectly Legal Transaction. The Reasons Are Many, Including The Possibility That The Tax Agencies May Be Able To Acquire These Properties For Their Own Inventory.

Currently, Investors Can Pay A $50.00 Fee To The Applicable Tax Authority, And Move The Property To A Constable Sale. The Investor Is Not Given Any Preferential Status, Although The Taxing Authority Will Take Their Money And 'Note Their Interest'.

It is Far Better For An Investor To Approach The Property Owner, Obtain The Appropriate Option To Purchase, Remit The Delinquent Taxes And Subsequently Own The Property. Obviously, Due Diligence And A Title Search To Uncover Any Other Liens Or Encumbrances Is A Necessity.

What Are The Possible Causes Of Property Tax Delinquency?

The Obvious Reason For A One Or Two Year Tax Delinquency Is Simply That The Taxes Have Not Been Paid. This Does Not Mean There Is No Mortgage Or Home Equity Loan Or Other Liens Against The Property That May Affect The Overall Desirability From An Investors Viewpoint.

Where A Mortgage Or Home Equity Loan IS Involved, The Reasons For Tax Delinquency Can Be:

1. The Homeowner's Down Payment Did Not Require PMI (Private Mortgage Insurance) By The Lender To Secure The Property Against Tax Default By The Homeowner. With No Escrow Account Kept By The Lender Wherein Taxes Are Paid Annually Through A Third Party Fiduciary
(Such As First American Real Estate Tax Services), the Homeowner Was Responsible For the Tax Themselves and Simply Did Not Pay..

2. The Lender's Fiduciary Paid Taxes On The Incorrect Property-This Happens Approximately 2% Of The Time. In These Cases, The Homeowner Would Be Unaware That Their Taxes Had become Delinquent Since The Lender Would Have Escrowed The Taxes From The Homeowner's Monthly Payment For Up To One Year (Depending Upon The Taxing Authorities Involved.)

Where A Mortgage Or Home Equity Loan IS NOT Involved, The Reasons For Tax Delinquency
Can Be:

1. The Mortgage Has Been Paid In full-The Homeowner Is Directly Responsible For Paying The Taxes and Has Failed To Do So.

2. A Death Of The Homeowner With No Clear Responsible Heir To Pay The Taxes Or The Property Is In Probate And There Are No Funds To Pay The Taxes.

Clearly, It Is Very Important To Determine The Cause Of The Tax Delinquency Before Investing Time and Effort In The Property. ALWAYS DO A TITLE SEARCH AND DUE DILLIGENCE

Where Does The RDTS Data Come From?

The RDTS Uses Official Data Obtained Directly from the Harris County Tax Collector's Office.
This Enables Subscribers To Quickly And Accurately Identify Properties Meeting Their
Business Model For Harris County Real Property Acquisition.

How Often Is The Data Updated??

The RDI Delinquent Tax System Data Is Updated Twice Monthly.

What Searching/Sorting/Report Display Options Are Available With The RDTS?

Standard Search Criteria Include:

• Owner Name
• TaxID
• Address

• Bankruptcy/Lawsuit/Judgement Filings
• Land Use Code/Property Exemption
• Owner/Non Owner Occupied Status
• County Assessed Value/Equity
• Key Map/Zip Code
• Total Amount and Number of Years Delinquent

Does The RDTS Identify Individual Delinquent Amounts By Year And Taxing Authority?

Yes.

Does The RDTS Identify Bankruptcies, Lawsuits, Judgments And Status Of
Delinquent Property Taxes? ?

Yes.

Does The RDTS Permit Searching By Or Exclusion Of Properties with Bankruptcy, Lawsuits
or Judgement Filings?

Yes.

Does The RDTS Permit Me To Save And Download The Data I Need?

Yes, Up To 1,000 Records Per Search, With Custom Download Capability and Mailing Labels Available. The RDTS Database Contains Approximately 1,000,000 Records Representing Multi Year Delinquent Tax Year Detail-This Corresponds To Roughly 178,000 Unique Properties In Harris County.

More Questions? Call (281) 398-0880 Ext 101 And We Will Be Happy To Help!