Category: Excess Funds

Redeeming creditor of a tax-sale property does not have a priority lien against excess funds arising from that sale

In a highly-anticipated decision, the Georgia Supreme Court created a “bright-line rule” that “a redeeming creditor of a tax-sale property does not have a priority lien against excess funds arising from that sale.” DLT List, LLC v M7Ven Supportive Housing &

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Who can claim excess funds from a tax sale?

Sometimes, the sales price at a tax sale exceeds the amount necessary to satisfy the tax lien.  O.C.G.A. 48-4-5(a) explains the process to distribute those excess funds.  Generally, excess funds are distributed to owners or lienholders in order of their

Posted in Excess Funds