Last month, the Commonwealth Court in Brentwood Borough School District v. HSBC Bank USA, (2015 Pa. Commw. LEXIS 118 (March 24, 2015), handed down yet another ruling clarifying the right under Pennsylvania’s Municipal Claims and Tax Lien Act, 53 P.S. Section 7293, for a property to be redeemed from a successful bidder after a tax sale takes place.
In HSBC Bank USA, the property, which was subject to a mortgage held by HSBC Bank USA N.A. at the time of the tax sale, was sold to a third-party purchaser based on unpaid real estate taxes due on account of the property for the 2006 and 2007 tax years.
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