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Updated over 1 year ago,
Alabama tax certificate - risk of building new house after city demo of old house
I have the tax certificate for a house in Russell County. The house is condemned and the city is going to demolish the condemned house in the next 6 months. I won't be able to convert my tax certificate into a tax deed until 2026. I would pay the demo fee/lien so that I can convert to a tax deed.
Once the city demolishes the existing house, is there a risk with building a new one before I get the tax deed? If someone redeems, clearly the new house was all my investment, so I should be reimbursed.