Cobb County Tax Sale Pre-Redemption Risk
If a tax sale property is mysteriously destroyed within 12 months after purchase, and then subsequently not redeemed where does that leave the investor?
I saw a tax sale for $60k, the arv is about $110k. The house is in need of extensive work and the lot without structures is worth $30k.
Should the house finish falling over or befall some other unfortunate fate before the redemption period expires, is that just a $25k loss?