Final answer:
The redemption period following the purchase of a tax sale certificate is commonly one year, but this can differ based on state law, and it is vital to consult legal advice.
Step-by-step explanation:
If a private party purchases a tax sale certificate on a property, the purchaser typically cannot obtain clear title to the property for a specific redemption period. This period allows the original property owner to pay the owed taxes and reclaim their property. The duration of this period varies by jurisdiction but is often set by state law. For example, in some states, the period might be as short as one year, while in others it could be up to two years.
In the context of the provided options (a) 90 days b) 6 months c) 1 year d) 2 years, the most common redemption period associated with a tax sale certificate is (c) 1 year. It is important to understand the laws of the specific state where the property is located for a precise period.
However, it is crucial to note that these rules can vary, and guidance from a legal professional is advised when dealing with tax sale certificate redemption periods and obtaining a clear title.