Escrow & Title
In Nebraska, the county treasurer issues a 'tax lien certificate' to a buyer at a tax sale. The original owner may redeem the property by:
ASimply re-listing the property for sale
BPaying the delinquent taxes, interest, and penalties within the statutory redemption period✓ Correct
CObtaining a court order without paying the taxes
DConvincing the tax lien certificate holder to voluntarily return the certificate
Explanation
Nebraska's tax sale redemption period allows the delinquent owner to recover the property by paying all delinquent taxes, interest, and costs within the prescribed period before a tax deed is issued.
Related Nebraska Escrow & Title Questions
- An 'encroachment' on a Nebraska property means:
- A Nebraska seller offers to pay 'up to $5,000 in buyer's closing costs.' This provision in the purchase agreement is:
- In a Nebraska transaction, 'proration' at closing ensures that:
- A Nebraska real estate closing agent (escrow officer) acts as:
- Nebraska's race-notice recording statute means that to obtain priority, a subsequent buyer must:
- A Nebraska buyer who purchases at auction and receives a 'sheriff's deed' should be aware that this deed:
- A general warranty deed in Nebraska contains which covenant not found in a special warranty deed?
- A Nebraska property has a deed restriction prohibiting buildings taller than 35 feet. The restriction was placed by a developer in 1990. This restriction:
Practice More Nebraska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nebraska Quiz →