Alabama Tax Lien - What to do once bought

[Srini K.]

If I bought a tax lien in Alabama for a commercial property, is is best to start seeking possession or wait for the interest to accumulate a little before filing for possession? I realize there is a 3 year rule to have possession. I am wondering if waiting is good because there would be costs associated with filing possession and if the owner redeems immediately after filing possession will I be on the hook for the filing fees?

Also would be better to seek possession and assign it to a management company so they can maintain the preservation costs which may make it less likely to argue on the costs involved?

I guess I am trying to understand the most effective strategy once the tax lien is bought?