19-Oct-2009

In Home Funds Direct v. Garrett, 34 TAM 24-4 (Tenn. App., May 5, 2009), the Court of Appeals held that the Owner (delinquent tax payer) only had to deposit the amount of the bid at the tax sale, plus interest on the purchase price to redeem their property. The tax sale purchaser argued that the Owner should have also paid the taxes for the subsequent years as they had to pay them already since they purchased the property at the tax sale. For example, if the Owner’s property was being sold at tax sale for the 2005 taxes, taxes for 2006-2008 would be due also. Those taxes may just not be “old” enough to have gone to tax sale yet. The Court ruled in favor of the Owner.



Stay tuned next week for more information on this case.