If the successful bidder fails to remit in legal tender within the time specified, the person officially charged with the collection of delinquent taxes shall cancel that bid and duly readvertise the same property for sale, in the same manner, on a subsequent delinquent tax sale date. The defaulting bidder is liable for no more than five hundred dollars damages upon default, which may be collected by suit by the person officially charged with the collection of delinquent taxes in the name of the taxing authority.
S.C. Code Ann. § 12-51-70
Default by successful bidder; readvertisement of property
1962 Code SECTION 65-2815.6; 1971 (57) 499; 1985 Act No. 166, SECTION 7; 2012 Act No. 186, SECTION 4, eff June 7, 2012.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.