How To Buy Tax Delinquent Property In Alabama -

Buying tax delinquent property in Alabama is a multi-year process that typically begins at a county-level auction and can eventually lead to full ownership through a tax deed. Investors can acquire property either by bidding on or tax certificates at annual auctions, or by purchasing state-held inventory over-the-counter (OTC) . 1. Understand the Two Types of Sales

Used by many large counties like Mobile and Baldwin. Investors bid on the interest rate they are willing to accept on the debt, starting at 12% and bidding down. The winning bidder gets a tax lien certificate. how to buy tax delinquent property in alabama

Alabama counties use one of two systems to handle delinquent taxes: Buying tax delinquent property in Alabama is a