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Mobile County
Could You Secure a 12% ROI? – Mobile County – Alabama Tax Lien Investing
Are you looking to invest with the possibility of a 12% return? Mobile County, Alabama’s Tax Lien Auction every May is your shot, available online at GovEase: Online Real Estate Auction for Tax Liens & Tax Deed Sales.
This isn’t about grabbing property; it’s about securing a lien against it due to unpaid taxes and then earning interest. Here’s a guide to get you started:
Mobile County Tax Lien Auction Details
Auction Participation
To participate, you’ll need to register on GovEase: Online Real Estate Auction for Tax Liens & Tax Deed Sales and make a 10% deposit of your bid amount. Payments are accepted via ACH, debit/credit card, or wire transfer. Bidding focuses on the interest rate you’re willing to accept, starting from 12% and potentially dropping to 0%. If there’s a tie at 0%, a random draw decides the winner.
Bidding Process
Post-Auction Details
After the auction, winning bidders get a report listing their parcels and amounts due. Property owners have the option to redeem their lien by covering the tax debt plus your interest rate.
Research and Due Diligence
It’s crucial to research these properties to assess their worth and any attached obligations. Use the Mobile County Property Search tool to look up parcel information by the owner, address, key number, or parcel ID.
Interesting Facts about Mobile County Real Estate
FAQs for Tax Lien Investing
Q: What happens if the property owner redeems the lien?
A: The property owner can redeem their property by paying the overdue taxes plus the interest rate you bid. You’ll receive this payment as a return on your investment.
Q: Can I participate in the auction without attending in person?
A: Yes, they conduct the auction online via GovEase. You must have a computer with internet access and a web browser.
Q: What if I win a bid at 0% interest?
A: A random number generator chooses the winner when multiple bidders tie at 0%.
For more detailed information, visit the Mobile County Revenue Commissioner’s FAQ page.
Useful Links
Need a Hand?
If you need assistance or have any questions about tax lien investing, feel free to book a call or access our free resources now. Happy Bidding!
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Learn how to get 18-36% returns on your investment and buy property for as little as $500 with tax lien and tax deeds.