D.C. Code § 47-1347
Payment of purchase price at tax sale.
The payment of the purchase price shall be on the terms established by the Mayor. A purchaser shall pay the full amount of his bid, including surplus and costs, within 5 business days after the last day of the sale. If the payment is not received within the time prescribed, 20% of the deposit of the defaulting purchaser shall be forfeited to the District, and the real property shall be deemed to have been bid off to and purchased by the Mayor in the name of the District.
Source: official DC Code section page (code.dccouncil.gov)
In this chapter (40 sections)
- 47-1330 · Definitions.
- 47-1331 · Tax is lien on real property; priority; application of…
- 47-1332 · Sale of properties by Mayor; exemptions from sale.
- 47-1333 · Sale not subject to procurement.
- 47-1334 · Interest rate.
- 47-1335 · Issuance of regulations to carry out chapter.
- 47-1336 · Energy efficiency loan foreclosure.
- 47-1340 · Notice to agencies; certification of taxes due agencies;…
- 47-1341 · Notice of delinquency.
- 47-1342 · Public notice; costs.
- 47-1342.01 · Bid off property.
- 47-1343 · Real property to be sold in its entirety.
- 47-1344 · Personal property of owner not affecting sale.
- 47-1345 · Sale of real property subject to possessory interest.
- 47-1346 · Sale at public auction.
- 47-1347 · Payment of purchase price at tax sale.
- 47-1348 · Certificate of sale — in general.
- 47-1349 · Certificate of sale — assignment.
- 47-1350 · Certificate of sale — recording.
- 47-1351 · Certificate of sale — as evidence.
- 47-1352 · Purchase by District — in general.
- 47-1353 · Purchase by District — right to sell or foreclose upon real…
- 47-1353.01 · Post-sale notice.
- 47-1354 · Payment of other taxes and liabilities by purchaser;…
- 47-1355 · Void certificate of sale.
- 47-1360 · Right of redemption.
- 47-1361 · Required payments; notice to purchaser; certificate of…
- 47-1362 · Fixing amount necessary for redemption after action to…
- 47-1363 · Rights of owners and purchasers during redemption period;…
- 47-1364 · Assessment during redemption period; assessment to purchaser.
- 47-1365 · Tenant or person with less than fee simple interest paying…
- 47-1366 · Cancellation of sale by Mayor.
- 47-1370 · Complaints by purchasers to foreclose the right of…
- 47-1371 · Parties.
- 47-1372 · Notice to certain persons.
- 47-1373 · How unknown owner made party; affidavit of search.
- 47-1374 · Service of process.
- 47-1375 · Notice by publication.
- 47-1376 · Validity of taxes and sale presumed unless attacked in answer.
- 47-1377 · Purchaser reimbursed by redeeming party for expenses.