All Forum Posts by: Tai Bhattad

Why do you suggest an agent? 

I did title search and as noted in my post the property did NOT have a lien on it; hence no foreclosure could have happened as I’m quoting a bankruptcy Atty that I’ve consulted with in the city (limited info as he stated of all his bankruptcy cases over the last 30 yrs this is new... meaning foreclosure with no mortgage) But for all intents and purposes, IF it was legitimately sold at a foreclosure auction, by having only the tax certificate does this allow me to redeem it from the foreclosure buyer?
Also the creditor for the property was incorrectly listed on the ch11 filing’s paperwork. We called and requested his attorney to correct the listing to reflect our name for the respective property. My assumption is that the property was incorrectly included in the bulk property listing for his properties with mortgages. 
I’m waiting on the foreclosure deed to show in probate records considering I asked the foreclosure buyer to present proof I.e a copy of the foreclosure deed and he insisted the affidavit was his proof 😏

I’ve asked for the foreclosure details, etc, waiting on a response. 

I posted a new topic about this post... forgot I started this discussion ( my apologies for duplicate topic postings) but any advice or guidance on  how to handle the foreclosure sale of the tax property that didn’t have a mortgage on it but was part of the ch 11 filing. The trustee / attorney never responded after a request was sent to purchase the redemption rights. Biz partner and I are really stumped about  this tax property and would like to gain ownership @Denise Evans

I purchased a tax certificate in ALABAMA that qualifies for a tax deed next year (2022) and the owner has been in bankruptcy court since 2020. I [was] listed as a creditor for the tax debt on one of his properties. The owner has several properties with & without a mortgage and as of April 2021, per his chapter 11 filing, the bank’s motion for relief was granted. A realty company called to redeem the prop  and asked me to sign an affidavit stating they just bought the prop at a foreclosure auction on Thursday and it was part of a bulk purchase at the auction. I checked probate and the property did not have an open loan but the realty co stated it did. According to the bankruptcy filing docs the prop was not listed with any other creditor but me, while the other properties were listed under their respective creditor (multiple banks). I don’t want this prop redeemed. Any experiences with this scenario with a win for the me as the  tax certificate holder? Or do I have to surrender the affidavit since it was bought at a foreclosure auction?  
**Also I asked his attorney to sell his redemption rights to the property at the first notice of the bankruptcy filing but I never received a response. 

From what the original poster is saying... it’s more of policy based on timing of holding the deed for 3 yrs (AL) rather than potentiel issues from DIY.  A few folks on BP mentioned no problem in their respective states with title insurance after a DIY QT.  A few folks have also noted an attorney-completed QT still didn’t guarantee title insurance. I would still welcome anyone’s experience in AL for a DIY QT ( or attorney helped) as it’s also noted attorneys in AL are ‘not’ knowledgeable of Tax sales & QT based on AL statues and they are a challenge to find. 

Wanted to jump in and get insight on your QT experience - did you complete the QT yourself (DIY) or attorney? How much did it cost? How many months did it take. Did you file an ejection suit when you got the certificate? 
I thought QT would fall under the eviction moratorium and the same with ejection in 2020 so I’ve been hesitant to file QT coupled with looking for more guidance before I try DIY.  

curious as to the strategy to get properties where you can obtain quitclaim deeds. I’ve talked to heirs to agree to a QC but they change their mind at signing time. Half the owners/heirs never respond to any communication. Auction and OTC seems a bit hit or miss sometimes even when amount owed is fairly high. Is it a particular area, state of the property, amount owed, etc? Thanks 

Any other lessons learned... not sure why ANYONE would not read before signing a contract but I guess it happens. 

Do you mind sharing the zipcode and the banker you worked with. 

There are so many foreclosures in mobile but I have a hard time reaching the banks to offer a bid. 

Do you still have a Mobile contractor contact. We need a demo job done: sheet rock removed throughout and floors removed 

Is this post still active?