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Tax
Lien Certificates - Tax Deed Sales
Alabama AL
Alabama
is a decent state for tax lien
certificate sales. Alabama
conducts tax lien sales in May of
each year. Sales are held by
bidding amount the minimum bid
amount. The portion of the bid
that exceeds the minimum bid also
receives the interest up to 15
percent of the value of the
property. Any amount of overbid
exceeding 15 percent of the
property's value does not receive
interest, but the principal amount
will be returned.
Here is a
summary of information for tax
sales:
Interest
Rate
12%
Redemption
Period
3
years
Alabama
tax lien certificate auctions
County tax lien sales are in
May or June
Alabama
tax deed or tax foreclosure sales
Alabama
also has tax foreclosure sales.
After three years, if a tax lien
certificate is not redeemed it
automatically matures to a deed.
Bidding
Process
All
tax sales are by
competitive bid based on the
overbid amount, which effectively
reduces the interest rate.
State
Specific Information
Alabama
is a decent tax sale
state because the state has tax lien and tax deed sales
Visit this resource to
learn more:
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