Alabama: Has anyone opted to obtain property via the NRP (Neighborhood Rehab Program) vs Tax Lien sales in Mobile Cty.
After perusing the guidelines for NRP the 2 benefits I gather (my opinion)
1. You can submit price almost near $1.00 (contingent they accept your price)
2. the county will expedite the Quiet Title action on your behalf.
Other than that You have a set time limit to complete the rehab and you have to show financial capabilities and experience that you can complete the rehab and provide purpose of rehabbing geared towards low-income housing.
I guess it can eliminate some tax sales hoops but the houses are very much war-wounded... hence the $1.00 price offer.
Tax sale properties are full of sweat equity
Just wondering if anyone has completed a rehab through the program... would like feedback on the experience. Thanks!
Tai, that is an interesting program. I had heard of it some time ago and dismissed it as maybe too much of a war zone situation. But now I'm seeing so much revitalization all over that area that I might like to take another look as well. My daughter is a RE agent in Mobile I think I'll get her to check into the program. If anyone else has any insight on this program we would love to hear about it.