Can You Void The Redemption Period With A Contract ?
Can you void the redemption period with a contract with the homeowner of the tax lien? By them signing off that the will not and cannot try to redeme there property. Even if they had the financial option. if for some reason the came up with money.
Yes, I bellieve so, with a little creativity,. I have a such a contract
and I was able to forrce the owner into complying with my
demands or pay a contract fee. There is no law needed
because it is specified in the contract that is self executing
by the other party so they are dumed if they do and able to opt out and so I get what I want and they get some small part.
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Technically speaking, a contract that provides for the sacrifice of ones Statutory rights is not a binding contract. That ruling is made very routinely in courts across the land. They cannot waive a statutory right.
However, they CAN SELL their interest in the property. You just place language in the contract (and Statutory Warranty Deed) that the party is a seller and then you give the seller fair compensation i.e. a cashiers check.
Disclaimer: I am not an attorney and this is not legal advice. I encourage you to contact a competant attorney to have that person write the deal to conform with the laes of your particular state.
Melj is absolutely correct. Rather than entering into a contract that they will not redeem why not just give them some money to buy the property now? Then you can redeem the taxes in your name as the landowner or just let your tax certificate expire without attempting to collect. Unless there are other interests you are attempting to forclose via the tax foreclosure. In which case you are effectively foreclosing on yourself (along with any other junior obligations).