Question

The right of a property owner to redeem his or her property after a tax sale is called:

a. A legal right of rescission
b. An equitable right to acquire title
c. A right of homestead exclusion
d. A statutory right of redemption

Answer 1

The right of a property owner to redeem his or her property after a tax sale is called a statutory right of redemption.

Step-by-step explanation:

The right of a property owner to redeem his or her property after a tax sale is called a statutory right of redemption.

After a property has been sold at a tax sale, the property owner typically has a certain period to reclaim the property by paying the delinquent taxes, interest, and other costs associated with the sale. This right is granted by state law and is known as the statutory right of redemption.

For example, let's say John owns a property and is unable to pay the property taxes. The property is sold at a tax sale, but John still has the right to redeem the property within a specified time frame by paying the outstanding taxes and any additional fees required by the state.