§ 66-8-108. Redemption From Redeeming Creditor
A bona fide creditor, who redeems from the purchaser at the sale, shall hold the property subject to redemption by the original debtor, or any other of the original debtor’s creditors, upon the same terms on which it was redeemable in the hands of the first purchaser or any person claiming under that purchaser; that […]
§ 66-8-109. Advance on Redemption Price by Redeeming Creditor
When any such creditor has redeemed land from the original purchaser, or from one who has previously redeemed, that creditor may, within twenty (20) days after such redemption, advance upon the bid any sum to the extent of that creditor’s debt or debts, just as if such creditor had been the original purchaser. Code 1858, […]
§ 66-8-110. Total Amount Payable on Redemption
The person proposing to redeem shall always pay, or tender, to the holder of the land, the amount of money lawfully paid by the holder, with interest thereon, at the current composite prime rate as published by the federal reserve board as of the date of purchase per annum; and, if the holder is a […]
§ 66-8-111. Unauthorized Increase of Bid
In no case shall the holder or claimant of the property increase such holder’s or claimant’s bid against the debtor, or any bona fide creditor offering to redeem the real estate, except as provided in § 66-8-110. Code 1858, § 2132 (deriv. Acts 1842 (E.S.), ch. 6, § 9); Shan., § 3819; Code 1932, § […]
§ 66-8-112. Rent During Redemption Period
The debtor, permitted by the purchaser to remain in possession, shall not be liable for rent from the date of the sale to the time of the redemption; and if the purchaser or the purchaser’s assignee takes possession under the purchase, upon redemption by the debtor, the debtor shall have a credit for the fair […]
§ 66-8-113. Payment of Redemption Money Through Clerk of Court — Failure of Clerk to Pay Over
Where the purchaser is absent from the purchaser’s usual place of residence, so that personal tender to the purchaser is prevented, or resides out of the county where the land lies, the debtor, or party entitled to redeem, may pay the redemption money to the clerk of the circuit court of the county in which […]
§ 66-8-114. Enforcement of Right to Redemption
If the purchaser, or the purchaser’s vendee, fails or refuses to reconvey to such party entitled and offering to redeem, as set forth in this chapter, such party so paying or tendering payment shall have the right to file in the chancery court a bill to enforce the purchaser’s rights of redemption. In any suit […]
§ 66-8-107. Advance on Bid by Purchasing Creditor
If the purchaser is a bona fide creditor by judgment, decree, or debt acknowledged by deed, and, within twenty (20) days after the sale, the purchaser makes an advance on the purchaser’s bid, and credits the purchaser’s debt by depositing a receipt therefor with the clerk of the court in which the judgment or decree […]
§ 66-8-101. Right of Redemption — Waiver
Real estate sold for debt shall be redeemable at any time within two (2) years after such sale: Where it is sold under execution; Where it is sold under any decree, judgment, or order of a court of chancery, whether founded upon a foreclosure of a mortgage, or deed of trust, or otherwise, unless, upon […]
§ 66-8-102. Period in Which Redeemable
Real estate sold for debt and made redeemable shall continue redeemable to the debtor and the debtor’s creditors for two (2) years after the sale, upon the terms set forth in this chapter, no matter how often it had been previously redeemed. Code 1858, § 2130 (deriv. Acts 1820, ch. 11, § 5; 1842 (E.S.), […]