Optimize Your Earnings with 12% Returns – Tallapoosa County, Alabama Tax Lien Investing
Hunting for a solid investment? Tallapoosa County, Alabama, offers a tax lien auction with a sweet 12% interest. It’s all online, making it easy for anyone to jump in.
What is a Tax Lien Auction?
A tax lien auction is where properties with overdue taxes are auctioned off. Investors can buy these liens, and if the taxes remain unpaid, they might even end up owning the property. The auction is conducted online through GovEase.
Steps to Start Tax Lien Investing in Tallapoosa County
Research Local Laws:
Understanding the legal framework in your area is crucial. Each county has different rules and regulations for tax lien sales.
The tax lien auction for Tallapoosa County is held online at GovEase.
Read the Details About Tax Liens:
Make sure to understand the sale schedule, parcel inquiry, and other essential details. This PDF provides comprehensive information about the auction process.
Contact the County Office:
For any additional inquiries, contacting the county office can provide clarity on specific questions.
Important Details for Tallapoosa County Tax Lien Auction
Do Your Homework: Before bidding, make sure to research the property thoroughly to understand any additional liens or issues that might affect its value.
Prepare for Redemption: Remember, the property owner can redeem the lien by paying the owed amount plus interest, so plan for both outcomes: redemption and foreclosure.
Frequently Asked Questions (FAQs)
What happens if the property owner does not redeem the lien?
If the property owner does not redeem the lien within the specified period, the investor can file to own the property outright.
How do I participate in the auction?
Register online at GovEase and follow the instructions for bidding and payment.
What payment methods do they accept?
You can make payments using a cashier’s check, money order, cash, or credit card. Buyers must complete full payment by 5 PM on the day of the sale.
What happens if no one buys the lien at the auction?
The county can sell unsold liens at a private sale or include them in future auctions until they sell.
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
Tallapoosa County
Optimize Your Earnings with 12% Returns – Tallapoosa County, Alabama Tax Lien Investing
Hunting for a solid investment? Tallapoosa County, Alabama, offers a tax lien auction with a sweet 12% interest. It’s all online, making it easy for anyone to jump in.
What is a Tax Lien Auction?
A tax lien auction is where properties with overdue taxes are auctioned off. Investors can buy these liens, and if the taxes remain unpaid, they might even end up owning the property. The auction is conducted online through GovEase.
Steps to Start Tax Lien Investing in Tallapoosa County
Understanding the legal framework in your area is crucial. Each county has different rules and regulations for tax lien sales.
Check out the Tallapoosa County Revenue Commissioner for all the details on tax sales and related information.
The tax lien auction for Tallapoosa County is held online at GovEase.
Make sure to understand the sale schedule, parcel inquiry, and other essential details. This PDF provides comprehensive information about the auction process.
For any additional inquiries, contacting the county office can provide clarity on specific questions.
Important Details for Tallapoosa County Tax Lien Auction
Pro Tips
Frequently Asked Questions (FAQs)
If the property owner does not redeem the lien within the specified period, the investor can file to own the property outright.
Register online at GovEase and follow the instructions for bidding and payment.
You can make payments using a cashier’s check, money order, cash, or credit card. Buyers must complete full payment by 5 PM on the day of the sale.
The county can sell unsold liens at a private sale or include them in future auctions until they sell.
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