How Investing Yields 12% Annually – Colbert County – Alabama Tax Lien Investing

Want to make your money work harder? Try the Tax Lien Sale in Colbert County, Alabama, where your investment can grow at an impressive 12% interest.

Alabama’s unique system lets you buy a lien against delinquent properties. Here’s the scoop: starting in 2019, Alabama introduced an online auction system for tax liens, a shift from traditional sales. This means you can participate from anywhere, bidding down interest rates starting at 12%.

Understanding Tax Lien Certificates or Tax Deeds

Tax Lien Certificates:

• You’re essentially lending money to the property owner to pay off their taxes.
• If the owner redeems the property, you get your money back plus interest.
• If not redeemed within three years, you might foreclose and get the property.

Tax Deeds:

• You purchase the property directly.
• No redemption period—it’s yours once the auction is over.

Steps to Start Tax Lien Investing

1. Research and Understand Local Laws

Check out the legal framework and regulations in Colbert County. Knowing the laws helps you make informed decisions.

2. Visit the Local Treasurer’s Website

• Colbert County Tax Lien Information: GovEase Overview
• Colbert Revenue Commissioner: Colbert Revenue Commissioner
• Colbert County: Colbert County

3. Check the Auction Site

Auctions are held online at GovEase.

4. Read the Details about Tax Liens or Tax Deeds

Understand the sale schedule, parcel inquiry, and other essential details. You need to be thorough with your research before bidding.

5. Contact the County Office

For additional inquiries, reach out to the Colbert County Revenue Commissioner at (256) 386-8530 or email revenuecommissioner@colbertco.org.

Important Details

Detail	Information
Tax Sale Type	Tax Lien Sale
Typical Date of Sale	For land: first Monday in May
Bid Procedure	Bid Down Method starting at 12%
Redemption Period	3 years for land tax sales
Interest Rate	12%
Auction Site	GovEase Auction Site
County Website	Colbert County Website

Pro Tips

• Always verify the property details and any potential issues.
• Understand the redemption process thoroughly.
• Be prepared for the responsibilities that come with potentially owning a property.

Community Appeal and Economic Highlights

Colbert County offers a blend of scenic beauty and economic opportunity:

• Popular Attractions: Parks, theatres, and historic sites are aplenty.
• Transportation Infrastructure: Well-connected by roads, rails, and nearby airports.
• Economic Development: Growth in sectors like agriculture, technology, and manufacturing.

FAQs

Q: What happens if the property owner redeems the property?

A: You will get your investment back plus the interest accrued at the bid rate.

Q: What if the property is not redeemed within the redemption period?

A: You can potentially foreclose and take ownership of the property.

Q: How do I register for the auction?

A: Register online through GovEase before the auction begins.

Q: What is the bid procedure?

A: The auctions use a bid-down method from 12% to 0%.

Useful Links

• GovEase Help Center
• Colbert County Revenue Commissioner
• Colbert County Website
• How to Earn up to 12% Interest from Alabama’s Tax Lien Sales
• Learn How Does Tax Lien Investing Work
• Want to get started with Tax Liens? Click Here!
• Discover how to secure affordable properties through Alabama tax liens

Need a Hand?

If you need assistance or guidance with tax lien investing, reach out to us. You can book a call or try to access our free resources now.

This investment strategy can be a rewarding way to grow your money. Just make sure to do your homework and stay informed.

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