Difference between revisions of "Tax Sales in Missouri"
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* Notice Requirements | * Notice Requirements | ||
* Procedures | * Procedures | ||
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* All parties including junior lien holders must have been served with notice | * All parties including junior lien holders must have been served with notice | ||
* No senior liens found in search | * No senior liens found in search | ||
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| + | ==Redemption Period== | ||
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| + | ===General Right to Redeem=== | ||
| + | In Missouri, you can ordinarily redeem your home within one year after the tax sale and up until the purchaser gets the deed to your home—if the home sells on the collector's first or second sale attempt. (Mo. Ann. Stat. § 140.340, § 140.250). | ||
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| + | ===Redemption Period If the Home Doesn’t Sell at a First or Second Tax Sale=== | ||
| + | If the home doesn’t sell at a first or second sale, then the collector will attempt to sell it at a third tax sale. When a home sells at a third tax sale, you get 90 days to redeem the home. (Mo. Ann. Stat. § 140.250). | ||
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| + | ===No Right to Redeem After a Subsequent Sale=== | ||
| + | If no one buys the property at the first, second, or third tax sale, but it does sell at a subsequent offering, you don’t get a redemption period. (Mo. Ann. Stat. § 140.250). | ||
Latest revision as of 12:09, 13 July 2020
- Redemption Period
- Foreclosure Proceeding
- Statute of Limitation to Overturn
- Forms
- Tax Deed
- Other
- Notice Requirements
- Procedures
Contents
Underwriting
- Property must be vacant
- Tax Deed must be recorded
- Must be at least two years after Date of Tax Sale
- All parties including junior lien holders must have been served with notice
- No senior liens found in search
Redemption Period
General Right to Redeem
In Missouri, you can ordinarily redeem your home within one year after the tax sale and up until the purchaser gets the deed to your home—if the home sells on the collector's first or second sale attempt. (Mo. Ann. Stat. § 140.340, § 140.250).
Redemption Period If the Home Doesn’t Sell at a First or Second Tax Sale
If the home doesn’t sell at a first or second sale, then the collector will attempt to sell it at a third tax sale. When a home sells at a third tax sale, you get 90 days to redeem the home. (Mo. Ann. Stat. § 140.250).
No Right to Redeem After a Subsequent Sale
If no one buys the property at the first, second, or third tax sale, but it does sell at a subsequent offering, you don’t get a redemption period. (Mo. Ann. Stat. § 140.250).
