Once a property is acquired at a Tax Deed Sale, is there a redemption period for the former property owner?
A. The former owner will be allowed to pay the delinquent taxes, and the sale made void until the new deed has been issued. This process takes about 24 hours from the time of sale. In the event that this would happen, the cashier’s check along with the deposit would be returned, or a refund issued to the successful bidder. The property may be redeemed by anyone with a legal interest in the property, such as the owner or mortgage company, until we “issue” the deed which is when we “walk out of our office” to take the paperwork to Broward County Records for recording. Once that happens, the taxes are no longer redeemable.
Related Questions
- Once the property is aquired through a tax sale, is there a redemption period before you can take possession? If so, what is the redemption and interest paid?
- Once a property is acquired at a Tax Deed Sale, is there a redemption period for the former property owner?
- When I invest in a Tax Lien and the property owner doesn’t pay within the redemption period, what happens?
