Alabama Tax Deed Purchase Help
I am in negotiation with someone who is selling a Tax Deed from 2010. They will be selling with a quit claim deed.
The property is vacant and has been so for a couple of years according to neighbors and condition of property is not livable. It will need a total rehab.
I know I will have to get a file a quiet title lawsuit to be able to sell and/or refinance once rehabbed.
We have verbally agreed on a price but I am not signing a contract with them until I understand the process and the risk involved.
Any tips, advice, & guidance on how I can do my due diligence so that I do not put myself in a bad situation. Thank you so much.
Most Popular Reply
You need to understand the risks of a void tax sale, and the risks of judicial redemption rights. I have some blog posts on these two things. Please review them. Even though your seller has a tax deed, the former owner might still have redemption rights. Those are called judicial redemption rights. Lienholders might also have redemption rights. PM me if you want details.