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

Detail	Information
Sale Type	Tax Lien Sale
Typical Date of Sale	May
Bid Procedure	Bid Down
Redemption Period	3 years generally before you can foreclose
Interest Rate	12%
Auction Site	GovEase
County Website	Mobile County Revenue Commissioner
Property Search	Mobile County Property Search

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

• Pre-bidding: Available from May 11 and 12, 2024.
• Live Auction: Each tax lien offered will be open for bidding for 30 seconds. If a bid is placed in the last 10 seconds, the clock resets for an additional 10 seconds​​.

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

• Auction Advertisement: The Call News and the Mobile County Revenue Commissioner’s Website advertise the auction.
• Encumbrances: The sale of a tax lien does not extinguish any deed restriction, deed covenant, or easement on the property​​.

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

• Mobile County Tax Lien Sale Info
• Revenue Commissioner Website
• Mobile County Official Site
• 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

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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