Definition of "Tax deed"

PAMELA MEDOR-ELLIS real estate agent
PAMELA MEDOR-ELLIS, Real Estate Agent Village Premier Collection

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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