What happens if a property is sold at tax sale and is not redeemed?

When a property is sold at a tax sale and is not redeemed, the purchaser must wait a specified period, which is often three years, to claim full ownership and title to the property. This waiting period is a protective measure for property owners, allowing them time to reclaim their property by paying the delinquent taxes and any associated fees. During this period, the owner still has the opportunity to redeem the property, but if they fail to do so, the purchaser can eventually take formal possession of the property and receive clear title.

The provision for waiting ensures that property owners have a fair chance to recover their property before it is forcibly taken away by the new owner at tax sale. Understanding this concept is crucial for anyone engaged in real estate transactions, particularly regarding tax liens and sales, as it underscores the importance of the redemption period and how it affects property rights after a tax sale.