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Updated over 8 years ago,

User Stats

444
Posts
303
Votes
Anastasia Jordan
  • Investor
  • Birmingham, AL
303
Votes |
444
Posts

Redemption when previous owner/investor went to prison for fraud.

Anastasia Jordan
  • Investor
  • Birmingham, AL
Posted

Applied to purchase a property from the state. Over 3 years since tax sale so I will be issued a tax deed. Did a little digging on a previous owner. I thought it was odd that this person/company had bought this property plus others and never paid the taxes on it afterwards (going on 5 years). Turns out that the previous owner was sent FEDERAL PRISON for mortgage fraud. I think it would be safe to assume that they won't have any interest in redeeming....but what about the banks?  I guess my next step would be to do a title search and see if any banks or other entities have liens on the property I want.

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