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News for Real Estate Investors and Landlords — rents

Alabama Tax Sale Warning

Posted by 15789465 on

Just a reminder to be very careful if you plan to invest in Alabama tax sale properties this Spring.  The recent case of Mitchell v. Curry (Alabama Court of Civil Appeals, September 10, 2010) could cost you tens of thousands of dollars.  Mitchell lost his property at a tax sale in 2004. There were no bidders, so the property went to the State. Curry purchased from the State, and received a tax deed in 2007. Curry made improvements, paid insurance premiums, and put a tenant in the property and collected rents. In 2008, Mitchell filed a lawsuit asking for the...

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