Alabama Tax Deed Strategy?

[Robert Sims]

Got a quote from Alabama D of R for a house in Birmingham that has been delinquent on Taxes in 2015. Quote is for a Tax Deed!

The homeowner (older lady) still lives in the home and purchased the home in 2006. Not sure if there is still a mortgage on the home or not. A friend drove by and took some pics of the outside and it looks in pretty good condition.

I'm very interested in this house, but I'm more interested in working with the owner than putting her out.

Now for the questions:

1. If there is an existing mortgage...will I be responsible for it?

2. Suggestions for monetization?

Comments?

[Rob Drum]

@Robert Sims

Good chance there’s no mortgage. Most mortgages escrow taxes so they would’ve paid them.

However, I’ve bought some where the owner quit paying the mortgage and the mortgage holder didn’t pay taxes and didn’t even bother foreclosing. I guess it was crazy times in 09-11 for them.