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Updated over 5 years ago on . Most recent reply

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126
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23
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Tai Bhattad
  • Montgomery AL
23
Votes |
126
Posts

Alabama: Has anyone opted for NRP vs Tax sales in Mobile Cty

Tai Bhattad
  • Montgomery AL
Posted

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!

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