Online Alabama Tax Lien Auctions

[Denise Evans]

33 Alabama counties have switched to the new tax lien auction system, and 31 of those will have online auctions this Spring. Jefferson still doing certificate auctions, but I expect that to change in the 2022 auction season. Interest rates start at 12% and are bid down. No more overbids that give the advantage to the hedge funds. You pay just the taxes if you win, and you receive the winning interest rate plus principal if the property has been redeemed. No more possession, no more improvements, no more arguments about those things. Judicial foreclosure three years after you purchase the tax lien and it has not yet been redeemed. In that foreclosure lawsuit the owner has one last chance to redeem plus pay your legal fees, otherwise the judge gives you the property and quiets title in you

[Denise Evans]

Yes, @Brandon Knighton, it will.