All Forum Posts by: Anastasia Jordan

Where I live you aren't out any money until the title is free and clear. If for whatever reason the land bank can't acquire the title you are refunded your EMD.

I'm in the process of acquiring a home through my city's land bank (2 bedroom, 1 bath). 

The process for me was looking through their available homes list, which is not a list, it is a map. Then visiting the property to see how bad it is.  I found several houses that don't require thousands to rehab. Just for whatever reason the owner left it and stop paying taxes.  The home I applied for was bought by an investment company and they pretty much completed the rehab process (including new electrical!!!) but did not finish the kitchen.  

Properties that have not had taxes paid within 5 years are available through the land bank. This home has not had taxes paid in 9 years.  If I were to go directly to my state's revenue department and purchase the tax deed the payoff quote as of 8/31 would be $6, 754.42.  They city is selling this property to me for $3500 (only $500 down required) and that includes the quite title action.  Once I pay the other 3K and complete the "rehab" the deed will be transferred to me.  You don't have to bid against anyone if no one else applies for the same property.

Trash:  http://www.al.com/news/birmingham/index.ssf/2016/0...

No paychecks: http://www.al.com/news/birmingham/index.ssf/2016/0...

@Josh Obregon  I don't think it's an if, but when.  I feel it in my gut that Bham will annex it.  Fairfield can not stay afloat. 

 I take it you have not heard the news. Fairfield City is about to crash and burn. There is no trash pickup. The police and fire department have not been paid. Bus service has not been paid for and has been discontinued. Businesses are leaving. I'm sure there are investors looking to pick up the scraps for little of nothing.

Ok so I submitted payment for the lot of land in Huffman and received a letter one week later saying that I will receive my deed in 1 to 3 weeks. In all it looks as though this process at the fastest can take 4 months from start to finish.

Welcome to the site!

plan aborted comma I went to the house and there is too much water damage homeless people have taken out all of the copper pipes there is no tub in the bathroom it is raining where the kitchen used to be from the outside you could not see the Damage Done to the kitchen of this house I'm very upset I took the step daughter with me she was not aware of the damage that was done

Sounds like a plan.

Found a house with the tax deed up for sale. The owner is dead. She had no children. No will. Step children don't want anything to do with the home? So what happens now?