A. Any person having an
interest in the property, or their legal representative, may redeem the property
within one year from the date of sale. The one-year period is computed as
follows. The date of the sale shall not be counted. The period shall
begin to run the day after the sale. The last day of the one-year period
shall be the 365th day at on the next working day. Purchasers have no redemption
B. Redemption shall be
subject to the payment to the Treasurer of the amount of the property sale
price, the interest to date and the penalty to date. Property which has
been sold at a foreclosure sale is not eligible for installment payments.
Property may be redeemed only by payment in full.
C. The Treasurer shall
issue a receipt to the person redeeming the property and shall report the
redemption to the Auditor. Redemption discharges the property from the
effect of the sale.
D. If redemption is made
by a lien creditor, the amount paid for redemption shall thereafter be deemed a
part of the judgment, decree, mortgage or tax lien and shall bear like interest
and may be enforced and collected as a part thereof.
E. Upon deposit of the
sum in redemption, the Treasurer shall issue a check or warrant for the amount
paid to the holder of the certificate of sale shown o the lien docket for the
amount of the delinquent account, costs and interest.