Alabama Tax Sales
Alabama Tax Lien Sales
The state of Alabama offers tax lien certificates for sale in May or June. Sales are conducted by setting the minimum bid at a certain amount, and if someone bids more than this then they also receive interest up until 15%. However any overbid above 15% will not get any kind owe except principal returned- which makes it worth your while in try to obtain a great return on investment when investing in Alabama tax lien sales.
The interest rate is 12%.
The redemption period is 3 years. In Alabama, the county tax lien sales are in May or June.
The state tax deed or tax foreclosure sales are also in Alabama.
If a tax lien certificate is not redeemed after three years, it automatically matures to a deed.
The bidding process at all of these sales is competitive and based on the overbid amount, which reduces the interest rate.
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