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Updated over 5 years ago on . Most recent reply

User Stats

6
Posts
2
Votes
Lorenzo Stevens
  • Specialist
  • Mobile, AL
2
Votes |
6
Posts

Wholesaling a property with a tax lien in Alabama

Lorenzo Stevens
  • Specialist
  • Mobile, AL
Posted

I am a wholesaler in Alabama, & I have a house that I can get under contact at a good price. The homeowner is out of state, & the property has been vacant for about 2 years. 

I ran a preliminary title search, & found that the property has a State of AL tax lien for about $600, if redeemed before 09/30/19. Basically, if the home owner could pay the $600 in taxes before that date, he could sell the property & transfer the title free and clear.

The problem is that he is unable to pay the the tax balance due.

Is there a way that I can structure the deal so that the $600 tax payment can be paid before or at closing by the end buyer, creating a clear title that can then be transferred?

I have not invested in tax lien properties i the past because of Alabama's "detailed" redemption laws, so any help would greatly appreciated.

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