What redemption options exist after a property is sold at a tax sale.
After a tax sale, redemption rights allow the original owner to reclaim the property in certain circumstances. Understanding post-sale redemption helps you know what options may be available.
Many states provide a redemption period after the tax sale during which the original owner can reclaim the property by paying the full amount plus costs and interest. This redemption period varies significantly by state, ranging from weeks to years.
The redemption amount typically includes the purchase price at the tax sale, interest, and additional fees. The exact calculation depends on state law and the specific circumstances of the sale.
An attorney can help you understand redemption rights specific to your state and calculate the exact amount needed to redeem.
Disclaimer: Property Resolution Group is not a law firm and does not provide legal advice. Information is educational only.