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Bill > HB2660


WV HB2660

Amending the duties of a purchaser to secure a deed


summary

Introduced
02/20/2025
In Committee
02/20/2025
Crossed Over
Passed
Dead
04/12/2025

Introduced Session

2025 Regular Session

Bill Summary

The purpose of this bill is to amending duties of a purchaser of property sold by the Auditor for unpaid taxes to secure a deed to include the satisfaction of any municipal lien of record on the property.

AI Summary

This bill amends the existing law regarding the duties of a property purchaser at a tax sale to secure a deed. Specifically, the bill adds a new requirement that the purchaser must satisfy any municipal liens of record on the property and provide the Auditor with a certified record of satisfaction from the levying municipality. Previously, the law outlined other duties for the purchaser, such as preparing a list of parties to be served with a notice to redeem, providing the property's mailing address for Class II properties, and depositing funds to cover notice preparation costs. If the purchaser fails to fulfill these requirements, they will lose all benefits of their purchase. The bill also maintains existing provisions that allow for a 60-day extension if the purchaser pays a fee and files a written request with the Auditor. The primary purpose of this amendment is to ensure that municipal liens are addressed during the property tax sale process, providing additional protection for municipalities and potential property buyers.

Committee Categories

Budget and Finance

Sponsors (6)

Last Action

To House Finance (on 02/20/2025)

bill text


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