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Updated over 6 years ago on . Most recent reply
Tax deed redemption by owner in Shelby county Alabama
My question is, if I purchase a tax deed in Shelby county Alabama for $1,000.00 and the value of the property is $20,000.00, does the pervious owner have to pay the $1,000.00 plus 12% interest for having the property for one year or does the price have to be negotiated with the tax deed holder?
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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
@Randall Townley, it's complicated regarding the improvements. Read some of my posts and blogs. It all starts with the $1,000 plus interest, though. There is no negotiation except for improvement values. Everything else is arithmetic.