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