This bill proposes the repeal of Section 10-25-39.2, which previously mandated that any individual, except for a county, who acquires real property through a tax deed must offer the property for public auction within one year of receiving the tax deed. The bill removes the requirement for such auctions and the associated provisions regarding the distribution of sale proceeds and compensation for the seller.

Additionally, the bill amends Section 10-25-12 to clarify that any deed acquired under the specified sections grants the grantee an absolute estate in fee simple, while also stating that the property remains subject to any claims the state may have for taxes, liens, or encumbrances. The amendment emphasizes that the holder of the deed is entitled to immediate exclusive possession of the property, regardless of any rights others may have to redeem or contest that possession.

Statutes affected:
Introduced, 01/30/2025: 10-25-39.2, 10-25-12