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News for Real Estate Investors and Landlords — preservation

Value of Preservation Improvements in a Tax Sale Investment

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How do you place a value on your preservation improvements if you are a tax sale investor?  In the best of all possible worlds, you would have an appraisal of the property value before those improvements, and an appraisal of property value afterwards.  If you make upgrades--such as adding structures, upgrading counters, etc--then ask your appraiser to disregard the value added by the upgrades. You are not entitled to THAT portion of the increase in value. The best solution that saves money is to have an appraiser do the "before" valuation for you. That is because it will be difficult...

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Procedure when probate judge issues tax sale redemption certificate although investor has not been paid

Posted by 15789465 on

Note: I just discovered that the following little section had accidentally been omitted from the 2015 edition of my book, Alabama Tax Sale Investing.  I've corrected the mistake, and am sharing the information with everybody, because it is extremely important. In September of 2014, the Alabama Court of Civil Appeals decided the tax sale case of Wall to Wall Properties v. Cadence Bank. The probate judge issued a redemption certificate to foreclosing lender Cadence Bank, even though the investor had not been paid for preservation improvements and insurance premiums. The investor--"Wall"-- found out, and filed a motion with the probate court asking...

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