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Updated about 6 years ago on . Most recent reply

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10
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3
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Kristina Knowles
  • Realtor
  • Chelsea, AL
3
Votes |
10
Posts

Alabama Tax Deed question

Kristina Knowles
  • Realtor
  • Chelsea, AL
Posted

This is one I have not seen before and wondering if someone in this community could provide some guidance. 

An investment company is holding a Tax Deed on a property, but have not paid the taxes in the last three years. If I acquire the property from the state how do I get the tax sale deed?  Will I owe anything to the previous investor currently holding the tax deed?  Thanks!

Most Popular Reply

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1,568
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Denise Evans
  • JD, CCIM , Real Estate Broker
  • Tuscaloosa, AL
1,486
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1,568
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Denise Evans
  • JD, CCIM , Real Estate Broker
  • Tuscaloosa, AL
Replied

@Kristina Knowles, @Robert Sims, you will not have to pay the prior investor anything. They will have redemption rights, just like any other former owner.  If it has been fewer than 3 years since the auction, you will receive a tax certificate from the state. After the 3-year anniversary from the most recent tax auction, you may surrender your certificate to the probate judge of the county where the property is located, pay a $5 fee, and receive a tax deed. If it has already been more than 3 years since the most recent tax auction, you will receive a tax deed from the state.

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