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All Forum Posts by: Eric Watkins

Eric Watkins has started 2 posts and replied 5 times.

Quote from @Denise Evans:

In every county except Jefferson County, if the assessed owner's name was in the pre-auction advertising, and that was the name called off at auction, but that person died before the auction, then the tax sale is void. Any heirs can void out the the tax sale but must pay the investor for taxes and interest. They do not have to pay for improvements, and the investor is not entitled to possession. Jefferson County has a special statute passed in the late 1930's that protects it, and any other county with a population over 500,000. Originally it was 100,000, but amended in the 1980s. Today, that is still only Jefferson County, although Madison County is gaining on them.

If you take the risk and take possession of the property, and hold possession for 3 years after the tax deed date (6 years after the auction in your case) then your "short statute" adverse possession of 3 years will defeat any heir's claims the tax sale was void. The statute of limitations will have expired on their rights to get the property back.

 @Denise Evans I've been sweating all day concerning this very issue. A property went up for tax sale in 2004. A guy bought the taxes, passed away, then it went to tax sale. I bought the Tax Deed in 2017, took possession in 2018, and have been holding it every since. Currently trying to clear the title and sale the property. Previous owner before the tax sale was not even aware the property was up for tax sale(long story). Bottom line, I got that owner to quitclaim his interest in the property. If the tax certificate holder's heirs are outside of the statue of limitations, which I'm assuming they are because they never took possession of the property, that's a big load off of me.

Does anyone know the process/feasibility of transferring an existing personal mortgage to a newly created LLC. The goal would be to maintain personal responsibility for the loan, however, the transfer would allow the LLC to build equity to complete future Real Estate projects.

The below link is from the city of Birmingham. It's the one I use, since I am mostly concerend about properties within the city. There is an option for the GIS map to highlight those properties which are tax delinquent. I usually have this map open, Google Maps, and the Jefferson County Tax Delinquent Property search open for cross reference and submittal for tax lien requests.

https://www.birminghamal.gov/about/city-directory/...

Post: Attorneys- Birmingham, AL

Eric WatkinsPosted
  • Posts 5
  • Votes 1

@Don McCoy Thanks, I'll contact him.

Post: Attorneys- Birmingham, AL

Eric WatkinsPosted
  • Posts 5
  • Votes 1

Good Evening.

Does anyone know of reasonable attorneys in the Birmingham area to execute the quitclaim deed process. I have received several deeds through property tax aquisition and would like to find affordable legal services, hopefully with a continuing relationship, as I will be buyinh many more liens in the future. Thanks in advance.