Property Redemption 1st and 2nd Offerings

Property Redemption for the First and Second
Offerings

Property sold at the tax certificate sale for delinquent taxes may be redeemed within one year from the issuance of a Tax Sale Certificate of Purchase as follows:

· Please advise the Collector’s Office at least 24 hours prior to the date you will be redeeming. We recommend scheduling an appointment and allowing 20 minutes to process;

· Pay the Collector the amount of the Tax Sale Certificate of Purchase plus 10% interest on the original amount (any surplus amount receives no interest); and

· Pay the Collector the amount of any subsequent years’ taxes paid, if applicable, plus 8% annual interest.

The Collector’s office notifies the Tax Sale Certificate of Purchase holder when the property has been redeemed. The Tax Sale Certificate of Purchase must be surrendered to the Collector before the holder will be reimbursed the bid amount plus interest.

A Certificate of Redemption will be issued to the owner of record when the property is redeemed. The Tax Sale Certificate of Purchase holder will receive a copy of the Certificate of Redemption.

Collector’s Deed for First and Second Offerings

First & Second Year Offerings (RSMo 140.405, RSMo 140.420)

If the property has not been redeemed during the one-year redemption period, the holder of the Tax Sale Certificate of Purchase may apply for and receive a Collector’s Deed. A Collector’s Deed can be issued to the Tax Sale Certificate of Purchase holder if the following provisions have been met:

· The legal holder of the Certificate is named as the original tax sale purchaser or the assignee on the original Tax Sale Certificate of Purchase;

· A Lien Search (Letter Report) on the property has been done and a copy furnished to the Collector’s Office for verification;

· At least ninety days before requesting a Collector’s Deed, the Tax Sale Certificate of Purchase holder must have notified the publicly recorded owner of such property stating the purchaser’s intent to obtain a Collector’s Deed (Letter of Intent), at the last known available address, and any persons who hold a publicly recorded deed of trust, mortgage, lease, lien, or claim upon that real estate, or their right to redeem such person’s publicly recorded deed of trust, mortgage, lease, lien, or claim upon that real estate, by certified mail and verification of such mailings furnished to the Collector;

· The purchaser has notified the Collector by affidavit that proper notice has been given, anyone with a publicly recorded deed of trust, mortgage, lease, lien or claim upon the property shall have ninety days to redeem said property or be forever barred from redeeming said property;

· The Tax Sale Certificate of Purchase has been surrendered to the Collector;

· Appropriate fees have been paid to the Collector including recording and collection fees.

After the Collector’s Deed is issued, any tax sale bid amount resulting in a surplus amount above the delinquent taxes and sales costs paid by the Tax Sale Certificate of Purchase holder, is available for the owner of record upon a submitted request to the County Commissioners. Approval from the Commissioners must be granted for remittance of the surplus amount.

Failure of the purchaser to obtain a Collector’s Deed within 2 years from the date on the Tax Sale Certificate results in the loss of the purchaser’s lien on the property.

Collector’s Deed for Third Offering

Property Redemption for Third Offering is 90 days.

Third Year Offering RSMo 140.250 and RSMo 140.405

All First and Second Offerings Regulations apply to Third Year Offerings, with the exceptions of:

1. Ninety Day period of redemption from such sales as specified in section

RSMo 140.405;

2. No certificate of purchase shall be issued as to such sales, but the purchaser at such sale shall be entitled to the issuance and delivery of a Collector’s Deed upon completion of title search and certified mailing actions as specified in

RSMo 140.405.

County Trustee
(Property not sold at Third Offering)

County Trustee will be present to protect such land necessary to protect all taxes due to prevent loss to political subdivisions from inadequate bids, or no bids RSMo 140.260. The trustee may not bid more than the amount due. It shall be the duty of the trustee to complete requirements of RSMo 140.405, after distributed pro rata to political subdivisions entitled to receive the taxes on the land. County Trustee will receive a Collector’s Deed for land sold for Delinquent Taxes at Third Sale ninety days after tax sale when County or Trustee has completed Title Search and Letters of Intent.