Title company can't insure due to 2 year right of redemption
Hi all. I'm about to close on a city-owned property and now the title company is saying because the property came through in rem tax foreclosure, there is a 2 year right of redemption from the date the deed is recorded. So they can't insure until April 2019. The redemption amount is the amount of tax lien plus penalties and that amount would be paid to the tax collector. Anyone experience this before? This property was foreclosed by the bank and the city.