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Updated over 6 years ago on . Most recent reply

User Stats

113
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64
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Donnie M.
  • Rental Property Investor
  • Fairhope, AL
64
Votes |
113
Posts

Alabama Tax Deed Purchase Help

Donnie M.
  • Rental Property Investor
  • Fairhope, AL
Posted

I am in negotiation with someone who is selling a Tax Deed from 2010.  They will be selling with a quit claim deed.

The property is vacant and has been so for a couple of years according to neighbors and condition of property is not livable.  It will need a total rehab.

I know I will have to get a file a quiet title lawsuit to be able to sell and/or refinance once rehabbed. 

We have verbally agreed on a price but I am not signing a contract with them until I understand the process and the risk involved.

Any tips, advice, & guidance on how I can do my due diligence so that I do not put myself in a bad situation.  Thank you so much.

  • Donnie M.
  • Most Popular Reply

    User Stats

    1,568
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    Denise Evans
    • JD, CCIM , Real Estate Broker
    • Tuscaloosa, AL
    1,486
    Votes |
    1,568
    Posts
    Denise Evans
    • JD, CCIM , Real Estate Broker
    • Tuscaloosa, AL
    Replied

    You need to understand the risks of a void tax sale, and the risks of judicial redemption rights. I have some blog posts on these two things. Please review them. Even though your seller has a tax deed, the former owner might still have redemption rights.  Those are called judicial redemption rights. Lienholders might also have redemption rights.  PM me if you want details.

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