7 Guam Code Ann. § 23126
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Terms Used In 7 Guam Code Ann. § 23126
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
If no redemption be made within twelve (12) months after the sale, the purchaser is entitled to a conveyance; or, if so redeemed, whenever sixty (60) days have elapsed, and no other redemption has been made and notice thereof given and the time for redemption has expired, the last redemptioner, or his assignee, is entitled to a deed and to a Certificate of Title from the government of Guam, but, in all cases, the judgment debtor shall have the entire period of twelve (12) from the date of the sale to redeem the property. If the judgment debtor redeem, he must make the same payments as are required to affect a redemption by a redemptioner. If the debtor redeemed, the affect of the sale is terminated, and he is restored to his estate. Upon a redemption by the debtor, the person to whom the payment is made must execute and deliver to him a certificate of redemption, acknowledged or proved before an officer authorized to take acknowledgments of conveyances of real property. Such certificate must be filed and recorded in the Department of Land Management and the Director of Land Management must note the record thereof in the margin of the record of the certificate of sale.
SOURCE: CCP § 703a.
7 Guam Code Ann. CIVIL PROCEDURE
CH. 23 EXECUTION OF JUDGMENTS IN CIVIL ACTIONS