Tax Deed influx in Alabama

[Account Closed]

Hello BPers,

Hope all is well, and your families are staying safe!

I’ve recently been focusing on finding more deals virtually these days, and have been looking into surrounding markets.

I’m finding an abundance of Tax Lien Certificates up for grabs... in Alabama specifically.

I was wondering was there some new legislation that makes these high risk or worth-less? I’ve searched these markets periodically before and maybe ran across one here and there (being marketed), but now the market is flooded with them... from multiple sources?

Why are they being unloaded? Any insight is greatly appreciated!

[Denise Evans]

The wholesalers are getting price quotes from State of Alabama and trying to flip their deeds and certificates before their 20 days is up to purchase on the price quote. BUT, they've put in multiple price quotes, so when their 20 days expires and ADOR goes to the next person in line, they are ALSO the NEXT person in line. There are many problems with the certificate and deeds. Please read my blog posts and forum answers. If you don't know what you are doing, you can get hurt very badly. It is NOTHING like investing in other states. All of the rules are different. You cannot analogize.