21-392 - Repayment to purchasers on redemption; deed on failure to redeem. - Virginia Statutes

§ 21-392. Repayment to purchasers on redemption; deed on failure to redeem.

If any record owner shall redeem the lands, as aforesaid, it shall be theduty of the treasurer to repay to the purchaser at the sale, from the amountso paid in redemption, the amount paid by him for the lands so redeemed, withinterest thereon; and thereafter the former owner so redeeming the same shallhold the same discharged from the lien of the assessments so paid by him, butsubject to all assessments which may thereafter become due or be made uponthe lands; but if the lands be not redeemed within the period, it shall thenbe the duty of the treasurer to execute and deliver to the purchaser of thelands a good and sufficient deed therefor, with special warranty, in whichdeed the clerk of the circuit court of the county shall join, and thepurchaser shall thereafter hold the lands in fee simple, subject only toassessments thereafter becoming due thereon.

(1927, p. 17; Michie Code 1942, § 1771a.)