Can the tax or assessment foreclosure sale be stopped or redeemed from sale?
State law provides that any owner, mortgage holder or defendant in a filed tax or assessment foreclosure proceeding can stop the foreclosure process at any time by redeeming the property. The redemption price is equal to the taxes and/or assessments, interest, fees and costs of the foreclosure proceeding to the date of the redemption. Parties wishing to redeem property from tax or assessment foreclosure and stop the foreclosure process must contact the assigned attorney for a redemption payoff figure. Redemption can even occur after a sale, as long as the sale has not been confirmed by the Court. However, once the foreclosure property sale has been completed with a confirmation order and delivery of deed, all rights of redemption are terminated. Bankruptcy proceedings filed by the property owner under federal law can also stop tax or assessment foreclosures, but all of the taxes and/or assessments, interest, fees and costs of the action to the date of the bankruptcy filing must be paid
