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Christopher, Other/Just Looking in Memphis, TN

I purchased a duplex in a tax sale. When is it safe start the renovations on the property?

Asked by Christopher, Memphis, TN Wed Oct 17, 2007

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Hello Christopher. I am not sure what you mean by "when is it safe to start the renovations." Are you worried about the previous owners rights of redemption. I would think that you got information about that before you went ahead and purchased. What kind of a tax sale was it? IRS or property taxes? You should check with a TN attorney familiar with tax sales. Below is also a link to a website that deals with tax sales and redemption rights. You can scroll down to the section that deals with TN redemption rights. I hope this helps.
1 vote Thank Flag Link Wed Oct 17, 2007
Ute Ferdig -…, Real Estate Pro in Newcastle, CA
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Any money spent toward repairs is at risk until the redemption period is over. In TN the period is 1 yr from date of purchase. Check the link out for more helpful info.

Regards,
Chris
0 votes Thank Flag Link Thu Oct 18, 2007
I would check with your county to determine what the redemption period is and then move accordingly.
0 votes Thank Flag Link Wed Oct 17, 2007
Pam Winterba…, Real Estate Pro in San Ramon, CA
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I beleive in your state that the former owner (or heirs) can but the property back within one year. Tis govermnet site should help: http://www.nashville.gov/chancery/tax_sale.htm
Web Reference: http://www.cindihagley.com
0 votes Thank Flag Link Wed Oct 17, 2007
Cindi Hagley, Real Estate Pro in Pleasanton, CA
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I purchased the property from the county in a tax sale. It's not livable. There is an tenant in one side of the unit. I did not want to renovate in fear that the previous owner could get it back and I not get anything from it other than ten percent more than what I paid.
0 votes Thank Flag Link Wed Oct 17, 2007
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