Originally Posted by
Swampy
You mentioned this is a tax sale (if I read that correctly). In Georgia, you don't actually take title to the property if you are the high bidder on a tax sale, you have basically purchased a lien on the property. After 12 months (and properly advertising) you can then foreclose the lien (and this is a gross oversimplification of the process - after all, I'm not a lawyer). The point here (in Georgia) is that the property owner has those 12 months to "redeem" the property (though the tax lien holder would be allowed a premium over and above their "investment", so there's a potential return either way).
Is there a statutory redemption period in your state?