Company Tries to Buy Tax Delinquent Property, Residents Worried - KAUZ-TV: Newschannel 6 Now | Wichita Falls, TX

Company Tries to Buy Tax Delinquent Property, Residents Worried

Montague County residents are opening their mail box to find a letter telling them to sell their property or risk losing it.  It's leading to many worried phone calls into the local tax assessor's office.

The letter is sent to property owners who are delinquent on their taxes.   It's a Dallas company which is sending the letter.  Though there's not much information about them except they are a petroleum company looking to take advantage of unsuspecting people.

"We probably had about 50 calls," said Montague County Tax Assessor, Sydney Nowell.

Calls from scared and frantic people wondering if their home is on the verge of foreclosure.

"We have a lot of elderly people calling, crying, very upset," said Nowell.

The letter sent from Kundysek Family Investments was mailed to tax delinquent Montague County property owners.  With words like  'sell now' and 'penalties and interest' the letter urges them to sell their property or risk losing it.

"Most of the cases that I've looked at there's no suits filed, there's no foreclosure eminent so
it makes it sound like something that's going to happen if they don't sell their property and
that's just not the way it is," she said.

In fact what the company is doing is perfectly legal.  They're just offering to buy tax delinquent
property at 25 percent of the actual value.

"I know right now the economy is not good it may look really good but there's other ways," said Nowell.

She says the best thing to do would be to set up tax payments with the county.  The last thing she wants is to take someone's home away

"We don't want people to lose their property."

We did make calls to the company but were unable to reach anyone.

The company was able to obtain the delinquent tax information from an open records request.   Because of the wording in the letter, the county attorney is looking at contacting the attorney general for an investigation.

Crystal Hall News Channel 6.

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