How soon can I take possession of a property after purchase at the tax sale?
A. The successful bidder may generally take possession after making payment in full, complying with any conditions set forth between the tax collector and the successful bidder, and after the tax deed to purchase the property has been recorded. Successful purchasers should contact their attorney for information regarding possession. Most title companies will not insure title on properties sold at public auction for at least one (1) year after the tax deed has been recorded. Legal action to challenge a tax sale must be commenced within one (1) year of the tax recording date.
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?
- Is property bought at a delinquent tax sale assessed and taxed on the amount of purchase?
- How soon can I take possession of a property after purchase at the tax sale?
