Legislation
SECTION 1170
Deed in lieu of foreclosure
Real Property Tax (RPT) CHAPTER 50-A, ARTICLE 11, TITLE 4
§ 1170. Deed in lieu of foreclosure. Any tax district may, when
authorized by resolution of its governing body and in lieu of
prosecuting a proceeding to foreclose a tax lien on any parcel of real
property pursuant to this article, accept a conveyance of the interest
of any person having any right, title, interest, claim, lien or equity
of redemption in or to such parcel.
authorized by resolution of its governing body and in lieu of
prosecuting a proceeding to foreclose a tax lien on any parcel of real
property pursuant to this article, accept a conveyance of the interest
of any person having any right, title, interest, claim, lien or equity
of redemption in or to such parcel.