after real estate has been sold by the state or county to satisfy a delinquent tax lien, defaulted owners usually have a right to

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19-12-2022
Law

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after real estate has been sold by the state or county to satisfy a delinquent tax lien, defaulted owners usually have a right to

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varshamittal029 varshamittal029 · Answer 1 · 2022-12-21T13:27:01-05:00

The defaulted owners typically have the right to redeem the property within a specific time period following the sale of the property by the state or county to pay off a past-due tax lien.

This means that in order to reclaim ownership of the property, they have the option to pay the tax lien's full amount as well as any additional costs and interest.
Depending on the laws of the state where the property is located, the defaulted owners will have a certain amount of time to redeem the property.
A few months may be given to the defaulted owners to redeem the property in some states, while a year or more may be given in others. Defaulted owners must be aware of the redemption period and any deadlines in order to redeem the property; otherwise, they risk losing their ownership rights.

Therefore, following the sale of the property by the state or county to satisfy a past-due tax lien, the defaulted owners typically have the right to redeem the property within a certain time frame.

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