All Forum Posts by: Gene Walker

Thanks Denise Evans, Great information. Exactly what I was looking for!

Hello BP, I am new to the Alabama tax sale circuit and I would like to know what happens opposite of the investors side. I believe this will help me understand the whole process better? Ex. I purchased a tax certificate that has matured (3 yrs) and I now will be receiving a tax deed. I spoke with the previous owner today and she told me she sold this vacant land parcel along with an adjoining parcel. If this is true and the county ( Jefferson, Alabama) did not properly record the vacant land parcel I am assuming the tax sale would be void. How does the previous owner contest the tax sale and how will I be able to recover the money I have invested? @Denise Evans, please feel free to comment if you’ve dealt with this before.

@Denise Evans, What would be the average cost to the investor to file the ejectment lawsuit in Alabama on a vacant property with a tax certificate?

What is the basic process for someone to redeem a tax deed in Alabama? I have a tax certificate that is approaching the 3 year mark where I can receive a tax deed. If the owner decides to redeem what are the steps that I need to be aware of to properly get the funds and transfer the deed back to the owner?  I have only held the certificate since February of this year, but the tax deed will be available in May 2018.

Thanks for any information.

After further research on the subject I see where the redemption amount is calculated by Jefferson county on the Citizens Portal. The 12% anum is just what it says it is. You will get the full 12% if you hold the property for a full year otherwise you will only earn interest on the number of days you have held the tax certificate / deed.

Please correct me on this if I am wrong. Still trying to learn the ropes.

@Denise Evans, Thank you for the information.

On Alabama OTC sales I understand that you can counter the price quoted if the state has held the property for 5 years or more. Assuming a quote is $5000 and you counter the quote and get the tax deed for $500 for a property, what is paid if the former owner or a lien holder wants to redeem the property? $5000 or $500 plus interest?

I have seen the redemption tab on the CAP, but it doesn’t appear to calculate the 12% interest that is due to the investor. Thanks for your reply David.

Is there a formula or spreadsheet available that could be used to calculate what the former owner would pay assuming the tax deed was purchased from the state OTC with no improvements? In my case a vacant lot in Jefferson county Alabama.

When an investor surrenders a tax certificate for a tax deed through the probate office does that change how the former owner redeems the property? I assume once you get a tax deed it is recorded in your name through the county probate. Does the former owner that has redemption rights have to bring a suit against you to redeem?

Thanks