PROPERTY
REDEMPTION
Property sold at tax certificate sale for delinquent
taxes may be redeemed within one year from the
issuance of a Certificate of Purchase by any person
holding a publicly recorded deed of trust, mortgage,
lease, lien or claim upon the property as follows:
1.
Please
advise the collector's office at least twenty-four
hours prior to the date you will be redeeming.
Allow
twenty minutes to process after arriving;
2.
Pay the collector the bid
amount on the Tax Sale Certificate of Purchase plus
10% annual interest on the amount of sale less any
surplus;
3.
Pay the collector the amount
of any subsequent years' taxes paid, if applicable,
plus 8% annual interest;
4.
Pay the
Collector any title search charges that have been
submitted PRIOR to the redemption.
(Tax sale purchaser must submit title search
fees immediately after the search has been
completed.);
5.
Pay the collector the
redemption charge of two dollars, and;
6.
Payments must be made by
cashier's check, money order, or bank draft -
no personal checks will be accepted.
Any tax sale bid amount which resulted in a
surplus amount above the delinquent taxes and sales
costs paid by the Certificate of Purchase holder is
available for the owner of record. The surplus
amount is deposited in a separate fund and held for
the owner. If undisputed, the surplus amount may be
obtained from the Cass County Treasurer. Disputed
claims are determined at a public hearing before the
Cass County Commission.
The collector's office notifies the Certificate
of Purchase holder when the property has been
redeemed. The Certificate of Purchase must be
surrendered to the collector before the holder will
be reimbursed the bid amount plus interest. The
collector will provide a check to the Certificate of
Purchase holder for the redeemed amount less the
redemption fee.
A Certificate of Redemption will be issued to the
owner of record when property is redeemed. The
Certificate of Purchase holder will receive a copy
of the Certificate of Redemption.
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