If real estate remains unsold at an Upset Sale, what may the Tax Claim Bureau request?

In the context of an Upset Sale, if real estate remains unsold, the Tax Claim Bureau may request a Judicial Sale. A Judicial Sale is a legal proceeding in which properties that have not sold at auction can be sold in a court setting, often allowing for different terms or conditions that can make the property more appealing to potential buyers.

This process helps to ensure that properties that have not found a buyer at the initial Upset Sale have another opportunity to be sold, often prioritizing the recovery of outstanding taxes. It represents a strategic approach in handling properties with tax delinquencies that have not been resolved through the typical upset auction process.

Other options, while they involve the sale of real estate, do not fit as a direct follow-up to an Upset Sale. A Private Sale refers to a sale negotiated between parties, which does not necessarily fall under the jurisdiction of the Tax Claim Bureau. A Repository Sale involves properties that are not sold in the normal auction process but are instead held in a repository, generally for a minimum price or as a last resort, and it is a less formal sale process. Reassessment pertains to the evaluation of property values for tax purposes and would not directly relate to the sale process following an Upset Sale.