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Updated over 2 years ago on . Most recent reply
Redemption and preservation costs
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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Denise Evans
#1 Tax Liens & Mortgage Notes Contributor
#1 Tax Liens & Mortgage Notes Contributor
- JD, CCIM , Real Estate Broker
- Tuscaloosa, AL
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Denise Evans#1 Tax Liens & Mortgage Notes Contributor
#1 Tax Liens & Mortgage Notes Contributor
- JD, CCIM , Real Estate Broker
- Tuscaloosa, AL
You get the value. Contact me in a PM and I'll send you the appellate decisions and statutes.