Hi, I have been reading this forum for about 2 hours now soaking up the information. Thank you. And now my question....are there any States that do not have a owner right of redemption?
It depends upon what you mean by "right of redemption."
All states of which I know allow the property owners, and in some states, holders of encumberances against the property, to redeem properties from delinquent property taxes by paying what is owed, interest and perhaps some penalties.
The important question is "When does that right of redemption end?" In some states it is after the person has a tax deed. In many states it ends when the tax deed is issued.
You need to study the laws of any particular state to know about that particular issue. Every state has different statutes related to the collection of delinquent ad valorem property taxes and tax sales.
As a generalization, when there are no liens sold, the state-being a deed sale state, there is no right of redemption after the deed is recorded. In CA, where I live and have bought properties at tax sales, the right of redemption ends at the close of business in the county tax collectors office the day before the tax sale. So, if you owned the property and came in the day of the sale and wanted to pay, the tax collector is supposed to not take the money from you. I don't know if they all hew to that law, but they can.
Even in states which sell tax liens, after an actual deed sale there may not be a right of redemption. I know in OK, where I buy houses on the tax resale auction because nobody bought the tax liens, that there is no right of redemption after the tax resale deed is recorded in the county clerk's office.
Thanks for your reply. Being in Oz. your abreviations are, at the moment, a little bewildering! I will catch up as I am intending to visit your country soon and look forward to investing! Cash poor and time rich I am actively soaking up info. so I can learn from others previous experiences. Thanks to all and are there other States where once you buy on the County courthouse steps a tax lien property with no other "encumbrances" (Oz term) meaning no other liens, that the owner has no claim to the real estate after such sale?
ozgirl-------------------
It depends upon what you mean by "right of redemption."
All states of which I know allow the property owners, and in some states, holders of encumberances against the property, to redeem properties from delinquent property taxes by paying what is owed, interest and perhaps some penalties.
The important question is "When does that right of redemption end?" In some states it is after the person has a tax deed. In many states it ends when the tax deed is issued.
You need to study the laws of any particular state to know about that particular issue. Every state has different statutes related to the collection of delinquent ad valorem property taxes and tax sales.
As a generalization, when there are no liens sold, the state-being a deed sale state, there is no right of redemption after the deed is recorded. In CA, where I live and have bought properties at tax sales, the right of redemption ends at the close of business in the county tax collectors office the day before the tax sale. So, if you owned the property and came in the day of the sale and wanted to pay, the tax collector is supposed to not take the money from you. I don't know if they all hew to that law, but they can.
Even in states which sell tax liens, after an actual deed sale there may not be a right of redemption. I know in OK, where I buy houses on the tax resale auction because nobody bought the tax liens, that there is no right of redemption after the tax resale deed is recorded in the county clerk's office.
Good Investing************Ron Starr*********
Thanks for your reply. Being in Oz. your abreviations are, at the moment, a little bewildering! I will catch up as I am intending to visit your country soon and look forward to investing! Cash poor and time rich I am actively soaking up info. so I can learn from others previous experiences. Thanks to all and are there other States where once you buy on the County courthouse steps a tax lien property with no other "encumbrances" (Oz term) meaning no other liens, that the owner has no claim to the real estate after such sale?