All redemptions must be received prior to 4:00 p.m. CT on the last business day prior to the date of sale of a parcel, whether at a tax-delinquent property auction or an unsold-property auction, in the following manner:
- (1) If a tax-delinquent parcel is to be offered at an in-person tax-delinquent property auction, then at least thirty (30) calendar days prior to the date of the sale, the Commissioner of State Lands shall notify the owner and any interested parties by regular mail of the right to redeem the parcel prior to 4:00 p.m. CT on the last business day prior to the date of the sale by paying the amount of taxes, penalties, interest, fees, and costs due on the parcel;
(2) If a tax-delinquent parcel is to be offered for sale online through an unsold-property auction when the first bid is received, the Commissioner of State Lands shall notify the owner and any interested parties by certified mail of the:
- (A) Date of the sale; and
- (B) Right to redeem the parcel before 4:00 p.m. CT on the last business day prior to the date of the sale by paying the amount of taxes, penalties, interest, fees, and costs due on the parcel;
(3) The notice required under this section must be sent to:
- (A) The last known address of the owner as certified by the county; and
- (B) Any interested parties;
- (4) If a parcel subject to subdivision (1) of this section is not redeemed by the deadline stated in subdivision (1) of this section, the parcel shall be offered for sale at an in-person tax-delinquent property auction, and if sold, a limited warranty deed shall be issued by the Commissioner of State Lands to the purchaser;
- (5) If a parcel subject to subdivision (2) of this section is not redeemed by the deadline stated in subdivision (2) of this section, upon sale of the parcel the Commissioner of State Lands shall issue a limited warranty deed to the purchaser; and
(6) Payment to redeem a tax-delinquent parcel within thirty (30) days prior to the sale date shall be made by certified funds, including without limitation:
- (A) Cash;
- (B) Credit card;
- (C) Debit card;
- (D) Electronic check;
- (E) Escrow check;
- (F) Money order;
- (G) Cashier’s check; or
- (H) Certified bank check.