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Pei Pei Siau-Cronin
  • Hildreth, NE
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Redemption period for tax foreclosure in Kansas

Pei Pei Siau-Cronin
  • Hildreth, NE
Posted Jul 6 2015, 21:03

Hi BP family,

Does anyone have experience in bidding tax deed foreclosure property?
Me and hubby intend to bid for tax foreclosure in Kansas, but I came across this statement :
Any owner or holder of the record title, the owner's or holder's heirs, devisees, executors, administrators, assigns or any mortgagee or the owner's or holder's assigns may redeem the real estate sold in the sale at any time within two years after the sale by paying to the county treasurer the amount for which the real estate was sold plus the interest accrued...

Does it mean that even though I successfully bid for the property, but the owner can still redeem within 2 years?  That means if I do any rehab, I may be given the rehab away for free?

Appreciate your feed back.

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