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Redemption
12 mo
Max interest
20%
You buy a deed, but the former owner can still redeem the property for a set period. The owner has 1 year from the sale to pay you back. You earn 20% interest a year. You win with the highest bid. Sales are held on a schedule that varies by county.
Sale type
9 Del. C. § 8776
https://delcode.delaware.gov/title9/c087/sc04/index.html“no deed shall be made until the expiration of 1 year from the time of sale”
Redemption
9 Del. C. § 8776
https://delcode.delaware.gov/title9/c087/sc04/index.html“within which time the owner, the owner’s heirs, executors or administrators may redeem the lands on payment to the tax collecting authority of the costs, the amount of the purchase money, and 20 percent interest thereon”
Interest
9 Del. C. § 8776
https://delcode.delaware.gov/title9/c087/sc04/index.html“the amount of the purchase money, and 20 percent interest thereon, and expenses of the deeds”
Bid method
9 Del. C. § 8772 (public sale); § 8726 (successful/final bid)
https://delcode.delaware.gov/title9/c087/sc04/index.html“All sales shall be made at the courthouse door and the handbills and advertisement shall contain the day, hour, place of sale, and a short description of the property to be sold.”
Sale timing
9 Del. C. § 8772
https://delcode.delaware.gov/title9/c087/sc04/index.html“by publishing the notice or advertisement of sale in a newspaper of the county at least 1 issue before the day fixed for the sale”
Kent/Sussex (Subchapter IV); New Castle County uses the monition method (Subchapter II). | Prose: redeemable deed | 20% interest on the purchase money | 1 year | public sale at the courthouse door; successful bidder | varies by county (date fixed by county sale notice)
Kent/Sussex (Subchapter IV); New Castle County uses the monition method (Subchapter II).
| County | FIPS | Platform | Health |
|---|---|---|---|
| Kent County | 10001 | — | not_started |
| New Castle County | 10003 | — | not_started |
| Sussex County | 10005 | — | not_started |