Arizona Court of Appeals Finds Property Tax Lien Certificate Purchaser Entitled to Post-Redemption Expenses

The Arizona Court of Appeals March 8 found that a limited liability company (LLC) that purchased a property tax lien certificate was entitled to post-redemption expenses. The purchase agreement misidentified the LLC with another name. The LLC brought a tax lien foreclosure action against the former property owner, who redeemed the lien. The LLC then unsuccessfully sought its pre-redemption expenses from him. The superior court awarded the LLC pre-redemption expenses but denied post-redemption expenses. The LLC appealed. The appeals court noted: 1) an insubstantial scrivener’s error didn’t preclude the LLC from pursuing its right to take title; 2) holding otherwise ...