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Alabama Real Estate Q&A Discussion Forum
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Updated over 6 years ago on . Most recent reply

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Mellva J Patton
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Commercial Property Deed

Mellva J Patton
Posted

@Denise Evans I bought some commercial land (there are not any structures) and received the tax deed. Are there still redemption rights on the property? Would it be feasible to put a building there and start a business?

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Denise Evans
  • JD, CCIM , Real Estate Broker
  • Tuscaloosa, AL
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Denise Evans
  • JD, CCIM , Real Estate Broker
  • Tuscaloosa, AL
Replied

@Mellva J Patton, I don't know who exactly you are referring to about classes, so my comments are very very generic. I'm not asking who it is. I don't want you to say, because then this will turn into a troll contest, which is not the purpose of BP.

Some people give classes because they THINK tax sales laws everywhere are very similar to their own, and they don't have the legal training and/or legal research skills to find out differently. So, those are honest mistakes. Without a legal education, it is hard for people to even realize how subtle some of these issues can be. It's like asking a 1st grader to explain driving a car. They think they know, but they just don't have the experience to realize how much they don't know.

That's why I'm always happy to answer questions on BP. There is far too much bad information, people can get hurt really badly, and I truly want them to know the risks and benefits of tax sale investing in Alabama. The benefits are huge, but if you don't know the risks ahead of time, it can be disastrous.

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