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Step Three:  Two Year Redemption Period

Once the circuit court grants General Judgment, the two-year redemption period commences.

To release your property during this period you must pay:

Only the following persons can redeem the property:

During the two-year redemption period no value or name change should occur.  The owner listed in the judgment has the right of possession during the redemption period, but cannot sell the property.  If the property is damaged or destroyed in any way during the period of redemption, it may be immediately acquired by the tax collector.

NOT LATER THAN ONE YEAR BEFORE THE REDEMPTION PERIOD EXPIRES: Notification is sent to all person(s) with a legally recorded interest in the property. The tax collector is responsible for providing this notice, by regular and certified mail, noting the date the period of redemption will end. Title companies provide reports to identify the lien holders that are notified. Actual cost of the litigation reports will be charged to the property.

Go To
 Step One and Two: Delinquent Taxes & Real Property Foreclosure
 Step Four: County Acquires Deed

Additional Foreclosure Information from the Department of Revenue.

This page was last updated on Wednesday, July 30, 2014 10:57 AM

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