An 8% Interest Opportunity – Russell County – Alabama Tax Lien Investing

Imagine a land sale with a twist. Welcome to Russell County, Alabama’s Tax Land Sale—an exciting investment opportunity!

You’re not just buying land; you’re bidding on tax liens with the chance to earn a solid 8% interest. This event takes place at the county courthouse, offering a pathway to property ownership if the lien is unredeemed.

Understanding Tax Lien Certificates

What Are Tax Lien Certificates? Tax lien certificates are issued when property owners fail to pay their property taxes. By purchasing these certificates, investors pay the owed taxes and, in return, get the right to collect back taxes with interest.

How Do They Work?

  • Example: You buy a tax lien certificate on a property. The property owner then has a set period, typically three years, to repay the back taxes plus interest. If they do not, you can foreclose on the property.
  • Returns: Typically, you earn 8% interest on your investment if the lien is redeemed within the redemption period.

Steps to Start Tax Lien Investing in Russell County

  1. Research and Understand Local Laws

    Knowing the legal framework is crucial. Key regulations include redemption periods and bidding procedures.
  1. Visit the Local Treasurer’s Website

    Russell County Tax Lien Information

    Russell County Revenue Commissioner
  1. Check the Auction Site

    Auctions are held at the Russell County Courthouse. More details can be found on Bid4Assets.
  1. Read the Details About Tax Liens

    It’s essential to understand the sale schedule, parcel inquiries, and other important details.
  1. Contact the County Office

    For additional inquiries, reach out to the Revenue Commissioner at PO Box 669, Phenix City, AL 36868, or call 334-298-6922.
Russell County Courthouse

Important Details

DetailInformation
Tax Sale TypeTax Lien Sale
Typical Date of SaleMay
Bid ProcedureHighest Bidder
Redemption Period3 years
Interest Rate8%
Sale ContactRevenue Commissioner
Auction SiteRussell County Courthouse
County WebsiteRussell County

Pro Tips

  1. Do Your Homework: Check for any existing liens on the property before you bid.
  2. Sign Up Early: You need to sign up for the auction in May by the end of April.
  3. Follow-up: Monitor the redemption period closely to see if you need to take further action.

Attractions and Economic Highlights of Russell County

  1. Popular Attractions

    Enjoy parks, theaters, and historic sites.
  2. Transportation Infrastructure

    Well-connected roads, rails, and nearby airports.
  3. Economic Development

    Growing sectors include agriculture, technology, mining, and manufacturing.
  4. Community Appeal

    Outdoor recreational activities, entertainment options, eco-tourism opportunities, and historical attractions make Russell County appealing.

FAQs

Q: What happens if the property owner doesn’t redeem the lien?

A: If the property owner doesn’t redeem the lien within three years, you can foreclose on the property.

Q: How do I find more information about the tax lien sale?

A: Visit the Russell County Revenue Commissioner’s website for detailed information.

Q: Is there a deposit required to participate in the auction?

A: Typically, they require deposits, but you can confirm specific details.

Need a Hand?

Need help with tax lien investing? Book a call or access free resources now! Feel free to reach out for further engagement.

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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
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