Welcome to Redemption Realty Group
Are you facing the daunting prospect of losing your home due to a tax lien sale?
Redemption Realty Group is here to help you navigate the complex process of redeeming your property. We understand how overwhelming this situation can be, and we're dedicated to providing you with the guidance and support you need to reclaim ownership of your home.
INQUIRE ABOUT YOUR TAX LIEN
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Your Trusted Partner in Maryland Tax Lien Redemption
- Expert Guidance: Seasoned professionals with deep knowledge of Maryland tax laws and procedures.
- Personalized Solutions: Customized strategies to address your specific needs and challenges.
- Peace of Mind: Reclaim your property and secure your financial future with confidence.
Understanding Tax Lien Sales in Maryland
In Maryland, each County and Baltimore City maintains the tax accounts for real property located within its jurisdiction. If you have not received your property tax bill by July, it's crucial to contact your County’s “Collector of Tax,” typically found in the treasury or finance office.
Property Tax Due Dates
Your property taxes are due without interest as of July 1 each year. Taxes become overdue on October 1, and interest begins to accrue from that date. Owners of properties designated as their “principal residence” can pay real property taxes in two semi-annual installments: the first by September 30 and the second (with any applicable service charges) by December 31.
The Tax Sale Process
Unpaid property taxes result in a lien on the property from the due date until paid. This lien can include County-specific charges. State law mandates each County’s Collector of Taxes to sell these tax liens as “tax lien certificates” at public auctions to recover delinquent taxes and fees. While the real property itself is not sold, the lien—representing the debt and a right to foreclose—is transferred to the highest bidder.
Note: Homeowners retain ownership of their property even after a tax sale. The purchaser acquires the debt and the right to foreclose if the homeowner fails to pay off the debt within a limited timeframe.
Redeeming Your Property
The good news is that homeowners have the right to redeem their property any time before the right of redemption is finally foreclosed by a court order. Here's how you can redeem your property:
Notification and Advertisement
Thirty days before the property is advertised for tax sale, the Collector sends a statement to the last known owner. This notice includes the owner's name, amount of taxes due, and a statement warning of the impending sale if taxes are not paid.
Public Notice
After the thirty-day period, the property is advertised in one or more newspapers for four consecutive weeks, detailing the sale date, time, place, and property description.
Certificate of Sale
About six months post-sale, the Collector issues a certificate of sale to the purchaser. This certificate includes sale details, the bid amount, and the annual interest rate for redemption. The certificate is void after two years unless the purchaser initiates foreclosure proceedings.
Redemption Process
Homeowners can redeem their property by paying the required amount to the Collector of Taxes. The redemption amount includes the unpaid taxes, interest, and any applicable fees. If redemption occurs within four months of the sale, the purchaser cannot claim reimbursement for expenses. After four months, additional fees may apply. In case of disputes, the amount necessary for redemption can be fixed by a court order.
During the redemption period, homeowners can remain in possession of their property and exercise all ownership rights until the redemption right is foreclosed.
We're Here to Help
At Redemption Realty Group, we understand the urgency and complexity of redeeming your property. Our experienced team is ready to assist you at every step, ensuring that you have the necessary information and support to navigate the process successfully. Don't wait until it's too late—contact us today to reclaim your property and secure your future.
How to Redeem Your Property with Redemption Realty Group
We accept the following payment methods:
· Online Payment (via our secure payment portal)
· Certified Check
· Escrow Check
· Money Order
To make an online payment, please visit our secure payment portal on our website. You will need your property details and the amount due to complete the transaction. Follow the step-by-step instructions provided on the portal to ensure a successful payment.
Please make your certified check, escrow check, or money order payable to “Redemption Realty Group” and send it to the following address: Redemption Realty Group 11140 Rockville Pike, Suite 560 Rockville, MD 20852 Ensure you include your property details and contact information with the payment.
You can contact us directly via phone or email to get the exact amount needed for redemption, including any applicable interest and fees. Our team will provide you with a detailed breakdown of the amount due.
Once we receive your payment, we will confirm its receipt and process the redemption. Please note that payment must be confirmed before a lien release can be issued. We will notify you once the payment has been confirmed and the lien release has been processed.
The time it takes to confirm the payment and issue a lien release can vary based on the payment method used. Online payments are typically confirmed faster, while certified checks, escrow checks, and money orders may take a few business days to process. We will keep you informed throughout the process.
If there is any dispute regarding the redemption amount, you may apply to the court to fix the amount necessary for redemption. During this period, the Collector cannot accept money or process the redemption until a certified copy of the court order fixing the amount is filed with the Collector.
Our team at Redemption Realty Group is here to help. If you have any further questions or need assistance with the redemption process, please contact us at: · Phone: [Insert Company Phone Number Here] · Email: info@mdremptions.com · Address: 11140 Rockville Pike, Suite 560, Rockville, MD 20852 We are committed to providing you with the support and information you need to successfully redeem your property.
Yes, it is crucial to act promptly to avoid additional fees and potential foreclosure. Contact us as soon as possible to start the redemption process and ensure all deadlines are met.
Thank you for choosing Redemption Realty Group. We are dedicated to helping you reclaim your property and providing the best service possible.
Don't Let Your Home Slip Away – Act Now!
Time is of the essence when dealing with tax lien sales. Don't wait until it's too late. Take the first step towards reclaiming your home and financial security. Contact MD Redemptions today for your free consultation and let us fight for your future.
INQUIRE ABOUT YOUR TAX LIEN
Fill out the below form and we’ll respond back to you shortly.
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- 11140 Rockville Pike, Ste 560 Rockville, MD 20852
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