Legal Question in Real Estate Law in Louisiana
If I pay an overdue tax bill on a property, would I own it?
Asked on 1/13/14, 6:11 am
1 Answer from Attorneys
Adam Lambert
The Law Office of Adam S. Lambert
If taxes are unpaid on a property, it goes to tax sale, where bidders can "buy" it for the taxes owed. Once that is done, the original owners have a redemtion period of, I think, 3 years. If they don't redeem it within that time (including paying the "buyer" all his money with interest and fees), the "buyer" then truly owns it. The "buyer" can then file a petition to have himself declared the true owner.
Answered on 2/03/14, 1:26 pm