Empower Your Investments: 12% Annual Returns – Dale County – Alabama Tax Lien Investing

Imagine earning up to 12% interest on your investment. That’s exactly what you can do at Dale County, Alabama’s Tax Lien Sale. This online auction lets investors buy liens against properties with unpaid taxes, not the properties themselves.

It is an online event, so you can participate from anywhere as long as you’re registered on GovEase. To participate, you’ll need a profile with specific documents and arrangements made for payment.

The auction works on a “Bid Down” system starting at 12%, where the lowest interest rate bid wins. You’ll need to do your homework and research parcels thoroughly before placing your bids. Once bidding starts, it’s all about securing the lowest interest rate.

If the property owner pays off their debt, you receive your investment back along with the interest rate you secured. If they don’t redeem the lien within 3 years after the sale, you can foreclose the property and become the new owner.

Key Details

Tax Lien Auction Process

In tax lien auctions, investors buy a tax lien against the property, not the property itself. This purchase entitles the investor to pay subsequent delinquent taxes as per Alabama Code 40-10-191. Thoroughly research any parcel before placing a bid​.

Registration Requirements

New bidders must create a profile on the GovEase Auction Portal and add auctions for each county they’re interested in participating in the auction. You can find detailed registration information on the GovEase Help Center or the “Alabama Getting Registered” link. Counties set registration dates to comply with the Alabama Code and require participants to submit county-specific documents online through GovEase​​.

Payment Arrangements

You must arrange payment with the County Revenue Commissioner’s Office according to each county’s requirements. The county tax office processes most payments, while others are completed through the GovEase Auction Portal, as specified on the portal’s site​.

Getting Approved to Bid

Approval to bid involves:

• Create an account and register online with GovEase.
• Completing required documents, including a W-9 form, during registration.
• Counties not using GovEase process payments through their tax office, which approves the arrangements.

Bid Interest and Auction Process

The auctioneer conducts the auctions using an interest rate bid-down approach, starting at 12% and potentially reducing to 0%. Bids decrease in 1% increments, with ties resolved by a random number generator or by who bids first, depending on the situation. Winners are notified immediately on the auction screen​.

Pre-bidding and Redemption

Pre-bidding allows bidders to set a minimum interest rate for properties before the live auction. This feature is available once a county opens pre-bidding, with dates varying by county.

When a property owner redeems a purchased certificate, the investor receives a reimbursement for the amount spent plus interest at the auction’s bid rate​.

Important Links

• Dale County Revenue Department
• Dale County Auction Site
• Dale County Official Website
• How to Earn up to 12% Interest from Alabama’s Tax Lien Sales
• Learn How Does Tax Lien Investing Work
• Want to get started with Tax Liens? Click Here!
• Discover how to secure affordable properties through Alabama tax liens

By participating in the Dale County tax lien auction, you can secure a solid return on your investment backed by property as collateral. Do your research, bid wisely, and take advantage of this unique investment opportunity.

FAQs

What happens if the property owner doesn’t pay the taxes? If the property owner doesn’t pay the taxes within the redemption period, you have the right to foreclose on the property and take ownership.

How do I register for the auction? You need to create an account on GovEase, complete the required documents, and arrange for payments as specified by the county.

What is the bid-down system? The bid-down system starts at a 12% interest rate, and bidders compete by offering lower interest rates. The lowest interest rate bid wins.

Need a Hand?

If you need assistance or more detailed guidance on tax lien investing, don’t hesitate to reach out. You can book a call with an expert or access free resources now.

For more detailed information, feel free to visit the provided links or contact the Dale County Revenue Department. Happy investing!

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About Dustin Hahn

Dustin Hahn is a Tax Lien & Deed investor with over 22 years of experience and hundreds of deals under his belt. He created Tax Lien School.com to help you buy Tax Deeds up to 90% off mortgage free and earn up to 36% ROI with Tax Liens. This site was voted the “Most Useful Resource” for new investors. Dustin’s YouTube Channel is the #1 Channel on Tax Liens & Deeds with over 98,000 Subscribers and 3600 videos to help you start. “The Best Time To Start Real Estate Investing Was 20 Years Ago, The Second Best Time Is TODAY!”

20+yrs

5–10deals/mo

2009TLS founded