Definition of "Tax deed"

Santo Dovi real estate agent
Santo Dovi, Real Estate Agent Keller WilIams Realty

Document evidencing the passage of title to a purchaser of property sold for taxes. The tax deed is issued upon foreclosure of the property lien. Typically, there is a grace time period permitting the owner to make good on the delinquent taxes in order to redeem the property.

 

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