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Updated over 2 years ago,

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Redemption and preservation costs

Alexander Thomas
Posted

Greetings everyone, I am a new tax lien investor in Alabama. I recently purchased a portfolio of tax deed properties prior to 2018. One of the properties has a lienholder looking to redeem. This property has had extensive repairs which have increased its value of the property. Will I be able to recoup the value of the repairs instead of just the costs plus taxes? I have reviewed the Alabama code 40-10-122. I am just looking for a little more clarity along with cases where these values were granted. 

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