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Updated about 6 years ago on . Most recent reply

User Stats

57
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3
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Tamika Rue
3
Votes |
57
Posts

Owner wants to redeem

Tamika Rue
Posted

Hello all. I'm trying to learn as much as I can about redemption before I purchase a property I just received a quote on. To my understanding I have to notify the owner that I'm purchasing the property, etc. Also I believe that the property is a tax lien. I understand they have 3 years to redeem. Anything else I should look out for when dealing with redemption. I really would like to keep the property. It's nice but I can't tell if it's vacant or not. How can I jack the costs up on a house that's being occupied when or if the owner tries to redeem? Without breaking into the home. Until I get paperwork saying I'm the lienholder I don't want to make any moves. But when it comes, I plan on telling them that they can either start paying rent or they will see me again in 6 months to evict! Any advice is appreciated!! I'm in Birmingham Al.

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