Maine tax-foreclosure quitclaim deed
Full Question:
In the State of Maine is there a time frame that a quit claim deed can not be contested or is it always subject to claims of property ownership against it. Is there a time limitation on contesting a quit claim deed? I am considering bidding on a property tax foreclosure quit claim by a local town. I am concerned that heirs to the property while they have been foreclosed because of tax default will make claim on the property if I win the bid and am awarded a quit claim that conveys the town's interest.
08/14/2009 |
Category: Real Property ยป Deeds |
State: Maine |
#18086
Answer:
As a general rule, in all states, tax-sale foreclosure deeds are subject to a period of redemption, that is, for a certain period of time, which varies from state to state (and possibly county to county within a state) the tax-debtor may redeem the property by paying an amount required by statute (principal, interest, etc.) during the period allowed by law, and by following the procedure required by law. So the period of redemption is limited, not open-ended. But as to any particular property in the State of Maine, you would need to learn what the law is regarding the period and procedure of redemption from a tax-sale deed.
