Redemption
12 mo
Max interest
—
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. A redemption penalty applies, but it is not documented. You win with the highest bid. Sales are held on a schedule that varies by county.
| From | To | Rate | Label |
|---|---|---|---|
| mo 0 | mo 3 | 3% | months 1-3 |
| mo 3 | mo 6 | 6% | months 4-6 |
| mo 6 | mo 9 | 9% | months 7-9 |
| mo 9 | mo 12 | 12% | months 10-12 |
Sale type
S.C. Code § 12-51-130; § 12-51-90
https://www.scstatehouse.gov/code/t12c051.php“shall make a tax title to the purchaser or the purchaser's assignee”
Redemption
S.C. Code § 12-51-90(A)
https://www.scstatehouse.gov/code/t12c051.php“may within twelve months from the date of the delinquent tax sale redeem each item of real estate”
Interest
S.C. Code § 12-51-90(B)
https://www.scstatehouse.gov/code/t12c051.php“First three months three percent of the bid amount Months four, five, and six six percent of the bid amount Months seven, eight, and nine nine percent of the bid amount Last three months twelve percent of the bid amount”
Bid method
S.C. Code § 12-51-50; § 12-51-55
https://www.scstatehouse.gov/code/t12c051.php“shall submit a bid on behalf of the forfeited land commission equal to the amount of all unpaid property taxes, penalties, assessments”
Sale timing
S.C. Code § 12-51-50
https://www.scstatehouse.gov/code/t12c051.php“at public auction at the courthouse or other convenient place within the county, if designated and advertised, on the advertised date”
S.C. Code Title 12 Ch. 51 12-51-50, -55, -90. | Prose: redeemable deed | 3% of bid (months 1-3), 6% (4-6), 9% (7-9), 12% (10-12) | 12 months | public auction; Forfeited Land Commission bids the full delinquent amount | varies by county (advertised date)
S.C. Code Title 12 Ch. 51 12-51-50, -55, -90.
| County | FIPS | Platform | Health |
|---|---|---|---|
| Abbeville County | 45001 | — | not_started |
| Aiken County | 45003 | — | not_started |
| Allendale County | 45005 | — | not_started |
| Anderson County | 45007 | — | not_started |
| Bamberg County | 45009 | — | not_started |
| Barnwell County | 45011 | — | not_started |
| Beaufort County | 45013 | Bid4Assets | not_started |
| Berkeley County | 45015 | — | not_started |
| Calhoun County | 45017 | — | not_started |
| Charleston County | 45019 | — | not_started |
| Cherokee County | 45021 | — |
| not_started |
| Chester County | 45023 | — | not_started |
| Chesterfield County | 45025 | — | not_started |
| Clarendon County | 45027 | — | not_started |
| Colleton County | 45029 | — | not_started |
| Darlington County | 45031 | — | not_started |
| Dillon County | 45033 | — | not_started |
| Dorchester County | 45035 | — | not_started |
| Edgefield County | 45037 | — | not_started |
| Fairfield County | 45039 | — | not_started |
| Florence County | 45041 | — | not_started |
| Georgetown County | 45043 | — | not_started |
| Greenville County | 45045 | — | not_started |
| Greenwood County | 45047 | — | not_started |
| Hampton County | 45049 | — | not_started |
| Horry County | 45051 | — | not_started |
| Jasper County | 45053 | — | not_started |
| Kershaw County | 45055 | — | not_started |
| Lancaster County | 45057 | — | not_started |
| Laurens County | 45059 | — | not_started |
| Lee County | 45061 | — | not_started |
| Lexington County | 45063 | — | not_started |
| Marion County | 45067 | — | not_started |
| Marlboro County | 45069 | — | not_started |
| McCormick County | 45065 | — | not_started |
| Newberry County | 45071 | — | not_started |
| Oconee County | 45073 | — | not_started |
| Orangeburg County | 45075 | — | not_started |
| Pickens County | 45077 | — | not_started |
| Richland County | 45079 | — | not_started |
| Saluda County | 45081 | — | not_started |
| Spartanburg County | 45083 | — | not_started |
| Sumter County | 45085 | — | not_started |
| Union County | 45087 | — | not_started |
| Williamsburg County | 45089 | — | not_started |
| York County | 45091 | — | not_started |