When you purchase property at a tax sale you are buying a “Tax Deed” which conveys certain rights unto the purchaser. Upon purchase, the property is placed in the purchaser’s name. The purchaser is then immediately entitled to a 5% buyer’s fee plus 1% per month on the amount paid until redemption. The tax purchaser may try to acquire the property after three years have elapsed since the recording of the tax deed. Acquisition of the property is up to the courts and would depend heavily on the percentage of the property purchased, adherence to notification laws, and other factors as determined by the courts. It is the purchaser’s responsibility to familiarize themselves with these laws prior to purchasing at a tax sale. Detailed information can be found within House Bill Number 337 ACT No. 819