Legal Question in Real Estate Law in Tennessee
Purchasing a tax foreclosure home
If a house is on tax lien, and ordered to be auctioned by the court system, can I go to the County Clerks office and pay the taxes to get the deed before it is auctioned?
Asked on 8/04/08, 3:05 am
1 Answer from Attorneys
Anthony Bradley
The Bradley Law Firm, PLLC
Re: Purchasing a tax foreclosure home
Only the owner of the property can pay the taxes before the tax auction. Even after the tax auction the owner and any lien holder has 12 months to redeem the property.
However, if you buy the property at the auction, it is subject to being redeemed for 1 year. You would receive the taxes you paid back plus 10% interest.
Go down to the clerk's office and pick up a their information booklet or contact me or another attorney for more information on tax purchases.
Answered on 8/05/08, 4:57 pm
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