Updated almost 9 years ago on . Most recent reply
Help on condo tax lien
I am just getting in to buying my first tax lien property and need some help. I found a condo in downtown Birmingham that has had a lien on it for 3 years making it eligible for me to receive the tax deed. My concern is that the condo is owed by the company that owns the entire building. Why would this large company that is obviously making a lot of money first not pay there taxes and secondly not buy there condo back from the tax sale. Then what are the risks if I buy tax deed from the state. Can this company some how legally bully me out of the condo? Being a first time buyer I obviously don't have the capital to go against a team of lawyers so I am using this post to see what bases I need to cover first.