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The post below was published on Monday, December 20th, 2010 at 9:11 AM.

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Third District: Interest on Tax Deed Purchases

If a person purchases a tax deed and the sale is later canceled based on the owner’s lack of notice, is it a due process violation to require the owner to pay the purchaser the statutory interest rate (which happens to be 12 percent) on the amount paid to purchase the tax deed?

No, said the Third District in this case.

It remains to be seen whether the owner has any claim to recoup the interest paid from the clerk of court for failing to serve the owner with proper notice of the tax deed sale in the first instance.

















































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