This Single-Family Tax Lien is located at Old Lee Hwy # 72, Cherokee, AL 35616. This property is Tax Lien.
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This single-family property is available as a tax lien at Old Lee Hwy # 72. Based on our analysis of the current market conditions in Cherokee for Old Lee Hwy # 72 and comparable listings, the estimated market value is still being calculated. If purchased for rental purposes, this property might present an opportunity to make monthly rental income. The rental value will be updated on this listing soon. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Old Lee Hwy # 72 are updated daily along with others in Cherokee, Alabama.
Tax Liens are issued when a property owner fails to pay real estate taxes in a timely manner and a taxing authority, such as a city, county, or state, declares the taxes in default.
Here are the basic steps to follow:
There is a highly organized market for real estate tax liens and many sophisticated investors buy them. Tax liens can offer higher returns than many other types of interest-bearing investments and represent an opportunity for very little cash. The market for tax lien properties is competitive and the taxing authorities have specific rules to be followed. A wise investor will research each property to make certain his investment is secure.
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