Another recent interesting case for Alabama tax property investors (AKA "tax sale nerds").
MITCHELL v. CURRY
Showing posts with label alabama tax sales. Show all posts
Showing posts with label alabama tax sales. Show all posts
Wednesday, September 15, 2010
Comments on ROSS v. ROSEN-RAGER
My observations regarding this case are as follows:
1. Evidence in this case shows that Mr. Ross was not a routine investor that just happened to get "snagged" on a misunderstanding of Alabama statute, but was in fact was attempting to execute a premeditated serial mission to postulate that his right of possession (on all the properties he had purchased) was not extinguished until he was reimbursed for non-tax expenses. This according to his interpretation of Code Section 40-10-122. The judicial system felt differently.
2. Thankfully, the courts showed their disdain for Mr. Ross's antics by initially awarding punitive damages of $350,000. Later the Alabama Supreme Court reduced that to $120,000. I hope he got the message. You shouldn't be able to simply IGNORE multiple court orders and get away with it.
3. I would not recommend that ANY property tax investor attempt to take possession on a CERTIFICATE interest except in the most unusual circumstances. Even then, Code Section 40-10-122 should be followed to the most minute detail.
Note: A good synopsis of this case can be found here and here .
1. Evidence in this case shows that Mr. Ross was not a routine investor that just happened to get "snagged" on a misunderstanding of Alabama statute, but was in fact was attempting to execute a premeditated serial mission to postulate that his right of possession (on all the properties he had purchased) was not extinguished until he was reimbursed for non-tax expenses. This according to his interpretation of Code Section 40-10-122. The judicial system felt differently.
2. Thankfully, the courts showed their disdain for Mr. Ross's antics by initially awarding punitive damages of $350,000. Later the Alabama Supreme Court reduced that to $120,000. I hope he got the message. You shouldn't be able to simply IGNORE multiple court orders and get away with it.
3. I would not recommend that ANY property tax investor attempt to take possession on a CERTIFICATE interest except in the most unusual circumstances. Even then, Code Section 40-10-122 should be followed to the most minute detail.
Note: A good synopsis of this case can be found here and here .
Friday, July 16, 2010
7808 3rd Av S
LOCATION:7808 3rd Av S
Birmingham, AL 35206
Go to Google Street Photo
Land Value: $11,700
Improvement Value: $53,400
Total Value: $65,100
Your Cost: $5,760.12
Deadline to respond: 8/3/2010
NOTE: This it a TAX DEED property (not a certificate). The house has a "For Sale By Owner" sign in front and it does not appear to be occupied at this time.
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