Get Oh Preble County College Club Scholarship Application 2016-2025

Tennessee is a redeemable deed state, which is a bit of a hybrid of a tax lien and tax deed. At a redeemable deed auction you're bidding on the deed to the property, like you would at a tax deed sale, but, as in a tax lien state, you don't get immediate possession of the property.

The Tennessee State Library and Archives has microfilmed copies of older deeds for every county in Tennessee. The deeds records are arranged by the name of the seller/buyer (grantor/grantee).

The delinquent taxpayer may pay the Clerk and Master the amount owed any time before the sale and the lawsuit will be dismissed. Once the tax sale is scheduled, the costs of preparation and publication attach as additional costs to the properties scheduled. These fees cannot be waived.

A municipality is barred from collecting property taxes after the lapse of ten (10) years from April 1 of the year following the year in which such taxes become delinquent. T.C.A. § 67-5-1806.

The Register of Deeds files certain legal documents mainly pertaining to or affecting real estate and provides public access to these records.

Properties purchased in a tax sale may be redeemed by the previous owner, the heirs of the previous owner, or lien holders and assignees. An order confirming the tax sale is entered into the court records within 45 business days of the sale date. Once the order is complete, the property is eligible for redemption.

Right of Redemption Tennessee law allows a borrower to redeem the property within two years of the foreclosure sale. However, the court in a foreclosure action also has the right to limit or cancel this statutory right of redemption.

Delinquent tax properties are sold only by public auction and will not be sold over the counter. The Clerk & Master's Office does not issue Tax Certificates. Credit Cards are not accepted. Purchase of the properties will not be financed through the Clerk & Master's Office; payment must be made in full.

WHAT ARE MY RIGHTS DURING THE REDEMPTION PERIOD? What is the redemption period? After a property is sold at a sheriff's sale (foreclosure sale), there is a period of time referred to as the “redemption period” during which you still have some rights. For most properties it is a six month period.

Redemption is a period after your home has already been sold at a foreclosure sale when you can still reclaim your home. You will need to pay the outstanding mortgage balance and all costs incurred during the foreclosure process. Many states have some type of redemption period.