Redemptions take place only after a property has been sold at a foreclosure auction, and is a mechanism primarily for junior lien holders. For homeowners, redemptions are possible only for foreclosures initially filed prior to January 1, 2008.
The homeowner’s Intent to Redeem form may be obtained on the Public Trustee website, in person at the Public Trustee Office, or at an office supply store.
The lien holder’s Intent to Redeem form (this is a different form from the homeowner’s Intent to Redeem form) is also on the Public Trustee website, on the Forms page.
Intent to Redeem forms must be:
- accompanied by the lien being used to redeem the property;
- filled out and notarized, and turned in to the Public Trustee (If it is signed in the presence of Public Trustee personnel, it need not be notarized; otherwise, it must be notarized before it can be accepted by the Public Trustee office);
- accompanied by a $50 redemption fee - cash, check or credit card. (Certified check not necessary.)
The lien holder Intent to Redeem form must be notarized in all cases. Faxed Intent to Redeem forms cannot be accepted.