Loera v. Interstate Investment Corp.

OPINION

CHARLES W. SEYMORE, Justice.

This appeal concerns ownership of excess proceeds from a tax foreclosure sale. We affirm.

I. Background

Appellant Jose Maria Loera was delinquent in paying ad valorem taxes on residential real estate he owned in Houston, Texas. After the trial court entered judgment against Loera and in favor of the taxing units, Loera’s property was sold at a tax foreclosure sale. The excess proceeds from the sale amounted to approximately $23,000. Within days after the tax sale, appellee Interstate Investment Corporation (“Interstate”) advised Loera that he might be entitled…