Alabama Tax Lien Auctions

[Denise Evans]

33 Alabama counties have switched to the new tax lien auction system familiar to investors around the US.  No more of the arcane traps lurking in tax certificate and tax deed sales that can lose money for the uninformed.  In addition, 31 of those counties will have online auctions, making them available for investors worldwide.  Interest rates start at 12% and are bid down. If you are looking for some new markets, Alabama might be the place to look.  Judicial foreclosure three years after you purchase the tax lien and it has not yet been redeemed. In that foreclosure lawsuit the owner has one last chance to redeem plus pay your legal fees, otherwise the judge gives you the property and quiets title in you.