12% Yearly Revenue Streams – Shelby County, Alabama Tax Lien Investing

Investing in tax liens in Shelby County, Alabama, can offer you a fantastic way to grow your money, with potential returns of up to 12% interest annually. This opportunity not only allows you to make a secure investment but also opens the door to acquiring property at a low cost.

How the Process Works

The tax lien auction in Shelby County is held online, making it easy and convenient to participate from anywhere. The auction is hosted on GovEase, where you can find all the necessary details and register to bid.

1. Register: First, create an account on GovEase and complete any required paperwork, including submitting a W-9 form.
2. Bidding: Auctions start with an interest rate of 12%, and bidders compete by lowering this rate. The bidder willing to accept the lowest interest rate wins the lien.
3. Redemption: If the property owner pays their overdue taxes, you earn back your investment plus the interest rate you bid. If not, you may eventually foreclose on the property and potentially own it.

Important Details

Detail	Information
Tax Sale Type	Tax Lien Sale
Typical Date of Sale	Varies by year; check the latest schedule on the GovEase Auction Site
Bid Procedure	Bid down the interest rate from 12%
Redemption Period	3 years
Interest Rate	Starts at 12%
Contact for More Info	Shelby County Property Tax Commissioner
Auction Site	GovEase
County Website	Shelby County, AL

Additional Resources

• Shelby County Tax Lien Auction Flyer: Detailed information on upcoming auctions.
• Citizen Access Portal: This is for checking tax records and lien details.

Pro Tips

• Research Thoroughly: Before bidding, research each parcel thoroughly to understand the property’s background and any potential issues.
• Prepare Financially: Ensure you have funds ready to pay for any liens you win, including subsequent taxes that may come due.
• Understand the Laws: Familiarize yourself with Alabama’s tax lien laws, as they can significantly impact your investment.

FAQs

Q: What happens if the property owner does not redeem the lien?

A: If the owner doesn’t pay their overdue taxes within the redemption period (usually three years), you can initiate foreclosure proceedings and potentially acquire the property.

Q: Can anyone participate in the Shelby County tax lien auction?

A: Yes, anyone who registers on GovEase and meets the financial requirements can participate.

Q: How often are these auctions held?

A: The auctions are typically held annually. Specific dates and times are published in advance on the GovEase Auction Site.

By staying informed and prepared, you can leverage tax lien investing in Shelby County to secure high returns and possibly acquire valuable real estate at a fraction of its market value.

Useful Links

• GovEase Auction Portal
• Shelby County Property Tax Commissioner
• Shelby County Official 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 more guidance or have specific questions, feel free to book a call and consult with a tax lien investing expert to maximize your investment potential. You can also check out the free resources to learn more.

Sign up or log in to view the full content.