The Clerk and Master will take cashiers check, personal checks or cash as payment on day of sale. Ten percent is required on the day of the sale with the balance paid within 30 days. A Clerk and Master deed will be received after the one year redemption period is over. The investor does earn interest during the redemption period. The previous owner is required to pay the investor the price paid for the property at the sale plus 10 percent interest on the purchase price.
Property is sold to the highest bidder at the auction.
You must be present to purchase property. Properties that do not sell are bought by Knox County.