7 Guam Code Ann. § 23125
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Terms Used In 7 Guam Code Ann. § 23125
- Lien: A claim against real or personal property in satisfaction of a debt.
If property be so redeemed by a redemptioner, another redemptioner may, within sixty (60) days after the last redemptioner, again redeem it from the last redemptioner on paying the sum paid on such last redemption, with two percent (2%) thereon in addition, and the amount of any assessment or taxes and any reasonable sum for insurance, maintenance, upkeep, repair or rehabilitation of improvements upon the property, and any amount necessarily paid for land rental if a leasehold interest was purchased, which the last redemptioner may have paid thereon after the redemption by him, with interest on such amount, and, in addition, the amount of any liens held by said last redemptioner prior to his own, with interest; but the judgment under which the property was sold need not be so paid as a lien. The property may be again, and as often as redemptioner is so disposed, redeemed from any previous redemptioner within sixty (60) days after the last redemption on paying sum paid on the last previous redemption, with two percent (2%) thereon in addition, and the amount of any assessments or taxes and any reasonable sum for insurance, maintenance, upkeep, repair or rehabilitation of improvements
upon the property, and any amount necessarily paid for land rental if a leasehold interest was purchased, which the last previous redemptioner paid after the redemption by him, with interest thereon, and the amount of any liens, other than the judgment under which the property was sold, held by the last redemptioner, previous to his own with interest. Written notice of redemption must be given to the marshal who made the sale and a duplicate filed with the Director of Land Management, and if any taxes or assessments are paid by the redemptioner, or if he has or acquired any lien other than that upon which the redemption was made, notice thereof must in like manner be given to the commissioner and filed with the Director of Land Management, and if such notice be not filed, the property may be redeemed without paying such tax, assessment or lien.
upon the property, and any amount necessarily paid for land rental if a leasehold interest was purchased, which the last previous redemptioner paid after the redemption by him, with interest thereon, and the amount of any liens, other than the judgment under which the property was sold, held by the last redemptioner, previous to his own with interest. Written notice of redemption must be given to the marshal who made the sale and a duplicate filed with the Director of Land Management, and if any taxes or assessments are paid by the redemptioner, or if he has or acquired any lien other than that upon which the redemption was made, notice thereof must in like manner be given to the commissioner and filed with the Director of Land Management, and if such notice be not filed, the property may be redeemed without paying such tax, assessment or lien.
SOURCE: CCP § 703 amended by P.L. 3-101.