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Updated over 2 years ago on . Most recent reply

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Gene Walker
  • Mc Calla, AL
8
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42
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Paperwork needed to allow tax deed redemption

Gene Walker
  • Mc Calla, AL
Posted

I have a tax deed on a vacant acre of land and the taxpayer indicated she wants to redeem the property.

What paperwork is needed to convey the property back to the taxpayer after they have agreed to the redemption amount and what are the steps in this process for me as an investor?

Property is located in Jefferson county Alabama

Thanks

-Gene Walker

Most Popular Reply

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1,578
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Denise Evans
  • JD, CCIM , Real Estate Broker
  • Tuscaloosa, AL
1,495
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1,578
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Denise Evans
  • JD, CCIM , Real Estate Broker
  • Tuscaloosa, AL
Replied

@Gene Walker I like to do my own redemption quitclaim deeds, or you can have your attorney do one. I don't like using other people's paperwork.  It's basically just a quitclaim deed. It's not necessary to put the word "Redemption" in the title, but many people do. It makes a life a little bit easier on whoever is doing the title work in the future.  You can also recite the date of the tax auction, the auction buyer (if different from you) and then the chain of title to you (if you were not the original buyer) but that is also not necessary.  

If you have it in your personal name, then after your name as grantor, you need to say whether Married or Unmarried. If married, you need to say this is not homestead property.

At the top left you need to put "prepared by" and your name and contact information. At the top right, put "Send Tax Notices To" and put the redeeming party's name and contact information.

If in Tuscaloosa County, you need to put at the top left something that says "Source of Title." That's where you put the book and page number of your tax deed when it was recorded. It will be something like "Deed Book 2018, Page 552." I don't know of any other counties besides Tuscaloosa that have that requirement. It also makes life easier for someone doing title work in the future.

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