The redemption period is how long the owner of the property has to redeem the tax lien before the tax lien holder can bar the right to redeem and foreclose on the property, or in the case of Florida, apply for the property to be sold in a deed sale to satisfy the lien. It’s important to know how long the redemption period is, so that you know when you can foreclose on a property that doesn’t redeem. Some states only give you a certain amount of time to do this before the lien expires, which brings us to number 4 on our list, the expiration period..
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