In re Foreclosure of Liens for Delinquent Land Taxes v. Parcels of Land Encumbered with Delinquent Tax Liens (Slip Opinion)

{¶ 1} In this appeal, we address whether R.C. 5721.25 permits a mortgage holder to redeem the mortgaged property when it is the subject of a tax foreclosure proceeding. We hold that it does. Accordingly, we reverse the decision of the court of appeals.

Relevant Background

{¶ 2} On June 14, 2003, Brandi L. Wagner and Troy Wagner financed the purchase of a manufactured home (“mobile home”) by executing a “Retail Installment Contract — Security Agreement.” That agreement was assigned to appellant, Vanderbilt Mortgage and Finance, Inc. (“Vanderbilt”), and gave Vanderbilt a security interest in the…