Tax Sale

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  • 1 Types
August 25, 2024 4 min read Definitions
Redemption: Regaining Possession and Financial Transactions
Finance Economics Legal Redemption Mortgage Tax Sale Corporate Finance Marketing
Redemption is a multifaceted concept involving the regaining of possession by payment, typically found in contexts such as mortgages, tax sales, corporate stock purchases, and marketing incentives.
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August 25, 2024 3 min read Definitions
Tax Sale: Property Auction Due to Unpaid Taxes
Finance Real Estate Tax Sale Property Taxes Redemption Period Tax Deed
A Tax Sale refers to the sale of a property after a period of nonpayment of taxes. The grantee receives a Tax Deed. In many states, the defaulting party has a redemption period to repay the owed taxes, interest, and associated costs to reclaim the property.
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