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News for Real Estate Investors and Landlords — lien

Unpaid Fire Dues and Tax Sales or Foreclosures

Posted by 15789465 on

If you buy tax sale property, and there is an unpaid fire dues assessment, who wins in the battle of the liens? That is the question one of my seminar attendees asked me. I did not know the answer, but offered to find out. I still don't know the answer, for sure, but here's my best opinion:  The fire dues are treated the same as a municipal assessment for sewer improvements, weed-abatement liens, and demolition liens. In other words, they trump the tax sale. The tax sale purchaser (or foreclosure investor, for that matter) will have to pay the dues...

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Manufactured Housing, Mobile Homes, and Tax Sales

Posted by 15789465 on

This is a reprint of an earlier post, with some clarifications. Whenever I say "mobile home" in this post, I am including manufactured housing, EVEN IF IT IS PERMANENTLY ATTACHED TO THE REAL ESTATE! A mobile home is legally considered personal property unless you complete some paperwork to have it officially considered real property. Almost nobody does that paperwork, so the mobile home remains personal property. Usually, the only time the paperwork is done is when FHA insures a loan for the mobile home and the land, and requires the paperwork. Even they don't do it all the time. On...

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Self Storage Auctions

Posted by 15789465 on

I've received a number of questions lately regarding self storage lien laws in Alabama. As some of you might know, my husband and I are self storage developers and also operate a self storage management company.  So, I have a good bit of experience on this topic. The Alabama self storage lien law can be found at Alabama Code Sections 8-15-30 through 8-15-38. You can click on the link HERE and browse through the sections if you want. The "heart" is in 8-15-34. It says: No enforcement action shall be taken until the occupant has been in default continuously for...

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