QUESTION

what is a notice to redeem

Asked on Jan 18th, 2014 on Real Estate - New Jersey
More details to this question:
A company has bought my taxes on my property and i got this notice from there laywer 
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1 ANSWER

Elder Law Attorney serving Toms River, NJ
Partner at Diana L. Anderson
2 Awards
Its a notice that someone redeemed the tax sale certificate for taxes owed on your property.  You should pay that off as soon as possible because the interest on it is very high, and after a few years, the company that owns the certificate can foreclose on it and then you have to pay or the house is sold to pay it off.
Answered on Jan 20th, 2014 at 10:20 AM

Diana L. Anderson, Certified Elder Law Attorney This response is not legal advice and does not establish any form of attorney/client relationship

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