Claim Your 12% Yearly Return! – Etowah County, Alabama Tax Lien Investing

Investing in tax lien sales in Etowah County, Alabama, offers a fantastic opportunity for potential returns of up to 12%. This process allows you to invest in tax liens, earn interest, and potentially acquire property if the lien is not redeemed. The entire process is streamlined and conducted online via GovEase, making it easy to get started without entry fees.

Understanding Tax Lien Certificates

Tax Lien Certificates:

  • When you purchase a tax lien certificate, you pay the outstanding property taxes on a property.
  • The property owner then owes you the unpaid taxes plus interest, capped at 12% annually in Alabama.
  • If the property owner fails to redeem the lien within three years, you could foreclose and potentially own the property.

Example Investment:

  • If you buy a tax lien for $1,000 with a 12% interest rate, you could earn $120 per year.
  • Over three years, your total potential earnings would be $360 if the lien is not redeemed sooner.

Steps to Start Tax Lien Investing

Research and Understand Local Laws:

  • It’s crucial to know the legal framework in Etowah County.
  • The Redemption period is three years before you can foreclose on the property.

Visit the Local Treasurer’s Website:

Check the Auction Site:

Read the Details About Tax Liens:

  • Understand the sale schedule and essential details provided on the auction site.

Contact the County Office:

  • For further inquiries, you can contact the Revenue Commissioner of Etowah County at (256) 549-1444.

Important Details

DetailInformation
Tax Sale TypeTax Lien Sale
Typical Date of SaleAnnually, typically around April or May
Bid ProcedureBid down the interest rate
Redemption Period3 years
Interest RateUp to 12%
Sale ContactRevenue Commissioner – Etowah County
Auction SiteGovEase.com
County WebsiteEtowah County
Etowah County Courthouse

Pro Tips

  • Training: Utilize the training and FAQs available on GovEase to understand the bidding process.
  • Payment: Winning bids are paid in the office with certified funds. There is a small fee for card payments.
  • Foreclosure: If the property is not redeemed within three years, you can start the foreclosure process to obtain ownership.

Attractions and Economic Highlights in Etowah County

  1. Popular Attractions:

    Parks, theatres, and historic sites make Etowah County a vibrant community.
  2. Transportation Infrastructure:

    Well-connected by roads, with convenient access to nearby airports and rail services.
  3. Economic Development:

    Key growth sectors include agriculture, technology, and manufacturing.
  4. Community Appeal:

    Outdoor recreational activities, entertainment options, eco-tourism, and historical attractions enhance the quality of life in Etowah County.

FAQs

How to sign up and is there a fee?
They Do not require fees. Just create an account on GovEase.

Is 12% interest applicable to the whole Alabama state?

Yes, the interest rate can be up to 12%, with the lowest bid winning the parcel.

How does redemption work?

If the property owner redeems the property, you’ll receive a refund for the tax lien certificate plus the interest.

How do I pay if I win a bid?

You must pay in the office with certified funds, and card payments incur a 2.75% fee.

Need a Hand?

If you need further assistance with tax lien investing, feel free to book a call or access our free resources for more guidance.

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Dustin Hahn

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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
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