The defaulting taxpayer, any grantee from the owner, or any mortgage or judgment creditor may within twelve (12) months from the date of the delinquent tax sale redeem each item of real estate by paying to the Finance Director the taxes and penalties together with eight percent (8%) interest on the whole amount of the delinquent tax sale bid. If prior to the expiration of the redemption period, the purchaser assigns his interest in any real property purchased at a delinquent tax sale, the grantee from the successful bidder shall furnish the Finance Director a conveyance, witnessed, and notarized. The Finance Director shall replace the successful bidder's name and address with the grantee's name and address in the delinquent tax sale book.
(Ord. passed 4-16-1986)