Title 48, Chapter 4, Section 80
( 48-4-80)
(a) At any point prior to the moment of the sale, any interested
party may redeem the property from the sale by payment of the
redemption amount. Payment shall be made to the petitioner.
Following receipt of such payment, the petitioner shall file for
dismissal of the proceedings. (b) In the event of such payment by the owner of the subject
property, the proceedings shall be dismissed and the rights and
interests of all interested parties shall remain unaffected. (c) In the event of such payment by any interested party other than
the owner, the party accomplishing such payment shall possess a lien
on the property for the full amount of such payment, which lien
shall have the same priority as the lien for the delinquent taxes.
Such lienholder shall have the right to enforce such lien as
permitted to the holder of any lien under existing law. Such
lienholder shall not otherwise succeed to the rights of the
petitioner as described in this article. |