How should an installment redemption be processed?

Prepare for the New Jersey Certified Tax Collector II Exam. Get ready with our flashcards and multiple-choice questions, complete with hints and explanations. Boost your confidence before the big day!

Multiple Choice

How should an installment redemption be processed?

Explanation:
When a property is subject to a tax sale, redemption means paying everything owed in a single, total payment. The amount includes taxes, interest, penalties, and costs, and it must be paid in one lump sum to release the lien and restore clear title. Partial payments or installments do not satisfy the redemption requirement and keep the lien in place. So the only proper way to redeem is to pay the full amount in one go.

When a property is subject to a tax sale, redemption means paying everything owed in a single, total payment. The amount includes taxes, interest, penalties, and costs, and it must be paid in one lump sum to release the lien and restore clear title. Partial payments or installments do not satisfy the redemption requirement and keep the lien in place. So the only proper way to redeem is to pay the full amount in one go.

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