All Forum Posts by: Tai Bhattad

@Tai Bhattad I'd like to repair the little things now and prevent further damage. The long-term goal is possession and ownership.

What if you file your ejectment lawsuit during tax cert period and the owner wants to redeem? Since you can't claim value for improvements, the owner can redeem by just paying taxes and interest at the revenue commissioners office. Then they tell the court that the property has been redeemed and ask to dismiss the case. That's the scenario I'm thinking about.

@Tai Bhattad I haven't spend any money, yet. I did the cleanup/grass cutting myself and the city didn't ask for any payments. I'm not sure if expenses for a citation (or to fix the problem) will be considered "value of preservation improvements". I would asume they're not, just to be safe.

Let's say you purchased a certificate from the 2019 tax sale and the administrative redemption period expires in 2022. The property is vacant, not abandoned, and the notice to surrender possession was mailed and received a year ago. The owner (a business) didn't respond, the property just sits there and you know it needs some repairs. The options are:

a) wait another year and get the tax deed, then proceed with ejectment; or

b) file for ejectment now and take the risk that the owner redeems before you get the tax deed (you won't get back your legal fees): TB: i thought you could claim for legal fees (& interest) with Ejectment during tax cert Phase? When did this change? 

I'd like to know what other investors/experts think about this situation.

@Tai Bhattad I bought a property from the state in 2019 and received a certificate (2018 tax sale). The property is vacant, but not abandoned and I didn't engage in DIY possession. I sent notice to the owner, they never responded (certified mail was returned, regular mail didn't come back).

Last November, the City of Mobile sent me a letter and I was notified about several code violations: litter and trash, high grass and weeds, fence. I called the municipal enforcement officer and explained the situation (tax sale, can't go on property and repair the fence). I told him that I will go over there the next weekend to clean up, cut grass on the parts of the property that are publicly accessible (street and sidewalk). I also told him that I had about 7 months left until I can get a tax deed and start the ejectment process, take possession. He was very supportive and I notified him after I finished.

It took me 3 days on different weekends to clean up the sidewalk and I talked to several people while I was there. Still didn't hear anything from the owner, the administrative redemption period expires in a week.

I’ve been personally investing in tax lien certificates lately.

If you don’t know what tax liens are, basically when a landowner or homeowner fails to pay the taxes on their property, a tax lien certificate is issued by the municipality that reflects the amount owed on the property, plus any interest or penalties due.

These certificates are then auctioned off to the highest bidding investor. Tax liens can be purchased for as little as a few hundred dollars for very small properties.

The problem is that each state and county have its own regulations: they issue sale lists of tax liens certificates throughout the year, and auction dates are also different.

Also, some states hold auctions once a year, some twice a year, some every month..

So, I went on a rabbit hole and compiled a list of the next auction dates:

November: Colorado, Illinois, Louisiana, Montana, New Jersey, Ohio, Pennsylvania, Vermont, West Virginia

December: Illinois, Louisiana, Montana, New Jersey, Ohio, Pennsylvania, South Carolina, South Dakota, Vermont

January: Arizona, Louisiana, Montana, New Jersey, Ohio, Pennsylvania, Vermont

I actually have the whole year mapped out with websites where you can get the sale lists. I did it in a Google Spreadsheet here:

https://docs.google.com/spread...

Feedback wanted

I hope this research buys me a little goodwill in order to ask you for feedback on my new project.

Since I’ve seen how difficult it is to gather good information on tax liens, I’ve partnered with 2 other lien investors and made a website called FastLien where you can get upcoming sales lists with a click of a button.

If you end up trying the site, please give us some feedback as we are working hard on it!

Thanks,

Omar

@Tai Bhattad You don’t have any rights to redeem in a foreclosure auction, if there Are redemption rights in a mtg foreclosure....you are not the owner. And if they Are the new owner, they have every right to redeem your tax certificate.