Tax sale glossary
Redeemable deed
A hybrid instrument where the buyer purchases the deed at auction, but the former owner has a set window to redeem by paying the bid plus a penalty. Redeem, and the buyer earns the penalty; do not, and the buyer keeps the property. Georgia and Texas are examples.
Go deeper: Tax lien vs tax deed.
Tax Sale Atlas publishes educational information about public tax sale processes. This is not legal, financial, or investment advice. Rules, dates, and fees change; confirm with the county office before you bid.
See the term in a real sale
Open a state to watch these concepts play out in an actual sale calendar and rule set.