What action must a tax sale purchaser take after notifying the owner of record?

After a tax sale purchaser notifies the owner of record, the required action is to wait 60 days after service of notice. This waiting period is established to provide the owner an opportunity to redeem the property. In many jurisdictions, including South Dakota, the owner has a set period to settle their tax obligations and reclaim the property before the purchaser can take any further legal actions. This step is essential as it protects property owners' rights and gives them a chance to avoid losing their property due to unpaid taxes.

Subsequent actions, such as foreclosure or taking possession, cannot be initiated until this redemption period has elapsed. Therefore, ensuring compliance with this waiting period is critical for the tax sale purchaser to secure their investment legally and ethically.