(A) The owner, any grantee from the owner or any mortgage or judgment creditor may, within 12 months from the day of sale of real estate for delinquent taxes, redeem said property by paying to the Sheriff the taxes, penalties, costs and expenses of sale, together with 6% interest on the whole amount of the purchase price of the land so sold and also any and all amounts paid by the bidder as taxes on the property, receipt for which has been filed with the Sheriff.
(B) Thereupon, the Sheriff shall pay back and refund to the purchaser the amount paid on his or her bid, with interest as above stated, and all taxes paid by the bidder and bid by the purchaser shall be then canceled and revoked, the owner or his or her grantee remaining in possession of such land.
(C) Should any mortgage or judgment creditor redeem any such land as above permitted, the amount so paid by him or her for taxes, charges, cost and penalties shall be added to the mortgage debt or other lien, with the same incidents as to priority, with the same rate of interest and collectible in the same way as the original mortgage or judgment debt.
(Prior Code, § 19-18) (Ord. passed 12-6-1976)
Statutory reference:
Redemption, see S.C. Code § 12-49-530