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All Forum Posts by: Jocelyn Bernstein

Jocelyn Bernstein has started 7 posts and replied 16 times.

Quote from @Denise Evans:

@Jocelyn Bernstein, if the John person (the earlier tax lien purchaser) transferred his rights to you, Sally, (the later tax lien purchaser) then you are good to go. Just make sure that transferr gets recorded with the tax assessor's office. No further action required on your part.

Thank goodness Denise! I appreciate your response! 

What if the lien was transferred into your name? The first investor purchased back 2020 she transferred the lien certificate to me. What now? 

I know there are new rules and regulations regarding tax liens this year. My question is can I still foreclose on the property this year. The previous investor held the certificate since 2020. Will I still have the same rights even if she transfers the lien to me? 

Post: Pay or quit in Alabama?

Jocelyn BernsteinPosted
  • Posts 16
  • Votes 1

I have multiple properties that I finanace in Jefferson co. I drew up a land agreement which stated that I allowed 30 days for buyer to pay rent or the contract could be terminated. When I posted on a different website someone stated that there are different laws in every state. Legally, in Alabama how long after missed payment can I do a pay or quit notice? 

I’ve read the legal paperwork regarding what’s done in order to quiet the title on a tax lien property. 
My confusion is, how far back does people who hold interest go? 

I purchased a tax lien that was sold the next year with a “warranty deed” 

The lien was for 2022 taxes and the deed was transferred in 2023. 
prior to the transfer there is a long history of tax sales and different names paying taxes including a previous investor. 
how far back does the line of interest go and would the previous investor be considered someone who “holds interest” in the property? He bid on the taxes when the property was in someone else’s name. The reason behind this, is that this is family transferring property to one another. 

I have called several title companies and attorneys and none of them can lead me in the correct direction. After the 3 year period to redeem property, what am I to do as the tax payer? Am I just issued another certificate that I paid this years taxes or will I have rights over the property? Should I foreclose immediately or am I supposed to wait the 3 years post? Am I issued some sort of deed after 3 years of paying? This really turned into a money gimmick it seems. 

Is the gov lean against the property owner or the property itself? Would these be found in public records? 

I understand buying a property via tax sale or OTC tax deeds wipe out majority of liens if there are any against property. If not, is there ever an expiration date regarding liens? Do lien holders discontinue their liens after a certain amount of years due to it no longer being in anyone’s “possession”? 

Quote from @Denise Evans:

@Michael Watts, It is my opinion that if there are unknown persons with redemption rights, the guardian ad litem's ethical responsibility will always be to request an auction. That protects the rights of the unknowns. If the investor's opening bid is the only bid, then that is the market speaking regarding the value of the house being no more than the liens. So, there has been no equity stripping. If it brings a higher price, then the money will go to the State's unclaimed funds to await possible claims by the unknowns at some future point.

You were wise to invest in abandoned houses under the old system. I think vacant houses might be a good investment under the new tax lien auction rules.  Some of them will not be redeemed, either. Often, owners or heirs will have to ask themselves, "If I spend $2,000 (or whatever) to redeem this property, is it reasonably forseeable that I will be able to fix it up and either sell it or turn it into rental revenue? Where will the money come from to be able to do that?"  Sometimes it's better to just dump out and not redeem and be relieved you don't have to stress about it any more.


 Can you explain what you mean by the ad lithems will request an auction? That doesn’t seem totally fair for the investor. Who will be included in the public auction? 

I have gone through ALDOR to purchase and I’ve also purchased through a broker, but I was looking to see if there were websites that also listed them that I could take a look at? Thanks