Delaware Redeemable Deeds

Sale Type: Redeemable Deeds
Interest Rate: 15% Penalty
Bid Method: Premium bid
Redemption Period: 60 Days
Sale Date(s): Year Round (Varies per county)
Statute Section(s): DE Code – Title 9, CH 87
Over-the-Counter: No
State Website: http://delaware.gov/

Rate of Return:

Delaware has a 15% interest rate of return.

Bidding Type:

Delaware uses the “Premium Bid” Method. The counties bid will include the back taxes, penalties, interest, and any administrative costs. The deed will be bid up in price until a high bid has been established. The investor with the highest bid receives the deed to the property.

Redemption Period:

The redemption period in Delaware is 60 days from the time of the sale. If the property owners chooses to redeem the property, he must pay back the full amount of the bid plus the rate of return at 15%.

Additional Information:

The state statutes in Delaware allow the counties more than one way to handle their tax sales. In some counties you will see a 20% interest and a one year redemption, and other will be the way you see above with a 15% interest and 60 day redemption. After the sale the county attorney has to approach the Supreme Court and petition for completion of the sale. The faster the owner pays the delinquent taxes, the greater the return of the investor.

Sussex County Treasury Division The Circle, P.O. Box 429, Georgetown, DE 19947 Phone: 302-855-7760 Fax: 302-854-5078

Delaware Resources:

Resource Description Instructions and Additional Information
Tax Information At this site, you can “Search for Tax Info”
using a “Name Search” or a “Map Search”

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Delaware County Resource Directory

Everything you want to know that about Delaware Tax Line Certificates is a click away. In this table below, you can click on County for links to the County websites, click Census for U.S Census bureau information, see county auction types, population, and click the map image a detailed county map.

County Census Auction Type Population Map
Kent County 001  Tax Lien 162,310 State map highlighting Kent County
New Castle County 003  Tax Lien 538,479 State map highlighting New Castle County
Sussex County 005  Tax Lien 197,145 State map highlighting Sussex County

Reference Site Source: http://en.wikipedia.org/wiki/List_of_counties_in_Delaware

Delaware County Map


Local Real Estate Clubs

Money Answers
Contact: Angela Hinson
Telephone: (610) 447-0342
or angeesings@hotmail.com
When: 2nd Friday of each month – 6:30pm
Where: New Dominion FWC, Claymont
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