The tax deed property has been sold to the state of alabama for tax liability for three years. If i purchase the property, i.e. 06/30/17, am I to understand, the owner has three years from my purchase date to redeem propert. Will the date issue a tax deed immediately or do I have to wait and pay property until 2020.
Tax deed immediately.
You will get a deed from the state. You must take possession and hold it continuously and exclusively for three years, and then file the in rem quiet title lawsuit to get insurable title. If someone is occupying the property when you get your tax deed, you can file an ejectment lawsuit against them immediately. If you have only a tax certificate, on the other hand, you must give written notice to vacate and wait six months before you can eject them. If you file your ejectment lawsuit first, and they counterclaim for redemption, then they have to also pay your legal fees. If they file a lawsuit for redemption and you counterclaim for ejectment, they do NOT have to pay your legal fees.
wow...thanks for such invaluable information
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