What happens to a tax sale when no valid tenders received?

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What happens to a tax sale when no valid tenders received?

Postby Reza.Toronto » Sun Mar 22, 2015 9:19 pm

Greetings Folks:

Can anyone tell me what happens to a tax sale when no valid tenders received, or no tenders received at all.

For example... a Tax Sale goes on auction with Minimum Tender Amount $5,000 (Lets say for some vacant land).
No one bids for the property.
.. or a tender received which is invalid (due to technicalities)

What happens to that tax sale?

Thanks in advance!
Reza.
Reza.Toronto
 
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