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A NOTE ON MISSOURI
STATE TAX SALES
updated: 1/28/07 (Disclaimer: The following is a very short summary of my understanding of Missouri Law. Don't rely on it. )
The
Collector in every County in Missouri holds a sale of properties
each year on the fourth
Monday in August. The Collector offers for sale properties that
are two or
more years overdue in State and County taxes. Property will not
be put up for sale if the owners pay their taxes first.
Purchasers usually get a
"Certificate of Purchase." If the property is not
redeemed within one year and the purchaser does a bunch of required
paper shuffling,
including a title search, he can get a "Collector's Deed." If the
purchaser does not complete the required paper shuffling in time, he
loses all
rights to the
property. He must find out what needs to be done and do it. Or,
he will
lose everything. See Chapter 140. For more info about Missouri State Tax Sales see: The property descriptions on the PROPERTY
LIST show the kind of title
I possess. "Collectors Deed" means I have done the required paper shuffling
and received a Deed from the Cape Girardeau County Collector. "Warranty
Deed" means either:
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