Foreclosure auctions selling off tax-distressed properties offer investors the chance to make a big profit. Unfortunately, the complex process also comes with risks if you don’t know what you’re doing. As a buyer, you could unknowingly owe additional taxes not specified in the original sale terms and even face high interest and penalties.
Working with a tax sale professional can help protect your investment and provide peace of mind. PureTitle offers comprehensive and affordable tax sale services in Alabama, from title reviews to tax sale insurance. Let us be your “virtual paralegal” for all of your Alabama tax sale needs.
Comprehensive Tax Sale Insurance Packages
Tax deed sales, by nature, involve properties in trouble and in flux. After a homeowner fails to pay delinquent taxes for a certain period, the government can auction off the property. At that time, the highest bidder agrees to buy the tax-forfeited home for at least the minimum bid plus the cost of unpaid tax bills.
Complicating matters is a concept known as the “redemption period.” Beginning on the date of sale, the homeowner or another person with an interest in the Alabama property has the right to buy it back within three years of the date of sale — even if the new owner doesn’t want to sell.
What does all of this mean? Any plan to purchase a tax-distressed property should include basic risk-management measures. At PureTitle, our professional tax sale services in Alabama make it easier to know what you’re getting at auction and minimize the chances of falling into a financial trap.
Alabama Tax Sale Insurance
Title insurance covers any underlying problems with a property’s title that you might have missed before making a purchase. For that reason, a title insurance policy is necessary for any real estate purchase.
Because tax sales present special risks, however, comprehensive tax certificate title insurance is essential to protect your investment. At PureTitle, we offer guaranteed title insurance for tax-distressed and foreclosed properties.
As part of our title review process, we will run a title report, which shows the current status of the title, any defects or liens that may impact it, and the conditions for issuing a title insurance policy. If we discover any issues that could prevent you from insuring the property, we will work with insurance carriers and underwriters to resolve the situation.
Alabama Tax Adjudication Insurance
Tax adjudication involves several steps: reviewing a claim, validating the accuracy of the information in the claim, and approving or denying the claim. At PureTitle, our tax sale experts support you during the entire process. Our exceptional tax adjudication services can save you time and money while achieving the best outcome. We help by:
- Understanding the specifics of your situation
- Performing extensive research
- Verifying the accuracy of information
- Submitting claims
- Helping with post-adjudication efforts and claim reviews
- Assisting with the appeals process in the event your claim is denied
Title Review Services in Alabama
Knowing who legally owns a property isn’t always as simple as it might seem. Chains of title are often unclear, and properties you buy at auction sometimes come with unpaid liens and unresolved building code violations. You may even discover title problems that could make the property uninsurable in the future.
That’s why PureTitle offers comprehensive title review services. We do your due diligence on a property before you make a purchase. For starters, our title exam services make sure that someone owns the property they’re selling and has the legal right to transfer it to you. Beyond that, a title review can also uncover a host of potentially hidden complications like utility easements, conflicting wills, and bankruptcies.
Protect Your Tax Sale Investment in Alabama With PureTitle
If you need tax adjudication insurance, comprehensive title review exams, or any other tax sale services in Alabama, the team of experts at PureTitle can help. Call us at (504) 300-0520 or email us at info@puretitle.com to connect with a tax sale specialist today.
