Guide to Gaining 12% Yearly – DeKalb County, Alabama Tax Lien Investing
Welcome to an exciting opportunity for investors looking to earn up to 12% interest through Tax Lien Sales in DeKalb County, Alabama. This online investment method lets you earn from overdue property taxes without buying property outright. Starting early March, you can register at GovEase and join the process from anywhere.
Understanding Tax Lien Certificates
Tax lien certificates allow investors to pay off delinquent property taxes and earn interest when the property owner repays the debt. In DeKalb County, these certificates start at an interest rate of 12%, which reduces as bidders compete. If the property owner doesn’t pay within the redemption period (usually three years), the investor may foreclose on the property.
Steps to Start Tax Lien Investing in DeKalb County
Research Local Laws
Understand the legal framework for tax lien sales in Alabama.
A tax lien certificate allows an investor to claim a property for unpaid taxes and collect interest until the owner repays the debt.
How do I register for a tax lien auction in DeKalb County?
You can register online at GovEase starting in March.
What happens if the property owner doesn’t repay the debt?
If the property owner doesn’t repay within the redemption period, the investor can foreclose on the property.
Need a Hand?
If you need further assistance or guidance with tax lien investing, reach out now. Feel free to book a call or access our free resources for more guidance.
By following these steps and staying informed, you can make the most out of your investment in DeKalb County’s tax lien sales.
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Join Us
Learn how to get 18-36% returns on your investment and buy property for as little as $500 with tax lien and tax deeds.
Lien Sales Annually Oct – Nov. Deed Sales Are Held on a Needed Basis and Only on Properties That Were Not Sold at Lien Sale and Were Held by the County for 18 Months
10% Penalty if Redeemed in 1st 6 Months, 15% Penalty if Redeemed in Months 6-12, but Only on the Taxes and Fees Not the Overbid. Overbid Amount Receives 5% Interest.
Redemption Period:
1 Year if Sold at County Sale, Liens Not Sold at County Sale Are Certified to Commissioner and Sold in “Commissioner’s Certificate Sale” With 120 Day Redemption Period
Online Auction:
Yes
Over the Counter:
No but There Is a Second Auction Called a Commissioners Certificate Auction With a Shorter Redemption Period of 120 Days
25% Penalty Per 6 Months for Non Homestead or Special Land Use Properties. If 2 Yr Redemption Period Applies 25% for 1st Year and 50% Penalty for 2nd Year
Redemption Period:
6 Months for Most Properties. 2 Years for Homestead and Special Land Use Properties
Online Auction:
The Vast Majority No, but in 2019, Two Counties (Victoria & Orange)
“Upset Sale” First With Premium Bidding Which Does Not Extinguish Other Liens, Followed by “Judicial Sale” Where All Liens With the Exception of Irs Liens Are Extinguished
Frequency:
Annually Throughout the Year. Upset Sales Typically Held in the Fall. Judicial Sale Typically in the Spring but Could Be Anytime After the Upset Sale.
Interest Rate / Penalty:
N/A
Redemption Period:
N/A
Online Auction:
Very Few
Over the Counter:
Yes Through “Repository” List With County Acceptance
DeKalb County
Guide to Gaining 12% Yearly – DeKalb County, Alabama Tax Lien Investing
Welcome to an exciting opportunity for investors looking to earn up to 12% interest through Tax Lien Sales in DeKalb County, Alabama. This online investment method lets you earn from overdue property taxes without buying property outright. Starting early March, you can register at GovEase and join the process from anywhere.
Understanding Tax Lien Certificates
Tax lien certificates allow investors to pay off delinquent property taxes and earn interest when the property owner repays the debt. In DeKalb County, these certificates start at an interest rate of 12%, which reduces as bidders compete. If the property owner doesn’t pay within the redemption period (usually three years), the investor may foreclose on the property.
Steps to Start Tax Lien Investing in DeKalb County
Understand the legal framework for tax lien sales in Alabama.
Key regulations can be found on the Revenue Commissioner’s website.
For tax lien sale information, visit the DeKalb County Revenue Commissioner’s page.
Register and participate in auctions at GovEase.
The next sale is scheduled for April, from 10:00 AM to 4:00 PM.
Understand the sale schedule, parcel details, and other essential information on the DeKalb County Delinquent Tax Sale page.
For additional inquiries, reach out to the DeKalb County Revenue Commissioner’s office.
Important Details
Pro Tips
Useful Links
FAQs
A tax lien certificate allows an investor to claim a property for unpaid taxes and collect interest until the owner repays the debt.
You can register online at GovEase starting in March.
If the property owner doesn’t repay within the redemption period, the investor can foreclose on the property.
Need a Hand?
If you need further assistance or guidance with tax lien investing, reach out now. Feel free to book a call or access our free resources for more guidance.
By following these steps and staying informed, you can make the most out of your investment in DeKalb County’s tax lien sales.
Sign up or log in to view the full content.
Join Us
Learn how to get 18-36% returns on your investment and buy property for as little as $500 with tax lien and tax deeds.