National Tax Funding v. Harpagon Co.

Sears, Presiding Justice.

Appellant National Tax Funding, L.P. (“NTF”) appeals the trial court’s ruling that as transferee of the purchaser of real property at a sale for delinquent ad valorem taxes, appellee the Harpagon Company, LLC (“Harpagon”) holds fee simple title to the property unencumbered by any competing tax liens, including those of NTF. We conclude that NTF’s interest in the subject property was terminated when it failed to exercise its right of redemption following the tax sale, despite having received notice under statute that its redemption rights would soon end. Therefore,…