Welcome to Alabama Tax Tracking
In 2013 alone, over 16,000 properties were sold for non-payment of property taxes. Alabama has been become a target state by both in and out of state investors to purchase properties at annual tax sales because of the generous rate of return on investment.
Investors are doing their homework prior to the tax sales. Many times they target most to those properties that have been mortgaged to lenders. Why? Because knowing a lender must protect its collateral they are almost guaranteed the property will be redeemed within the redemption period. Thus, many times investors bid the maximum amount at the sale to maximum their return on investment of 12% per annum. This process can cost lenders large amounts of money.
Alabama Tax Tracking, Inc. helps to keep your collateral from being sold. Therefore, you avoid paying large sums of money to get your collateral back or, worse, losing it forever to the tax sale purchaser.
Our service is simple - we track your non-escrowed loans secured by real estate to ensure that the ad valorem property taxes are paid each and every year. We provide you with reports of your customers that have not timely paid their property taxes. We eliminate the worries that collateral in your loan portfolio may end up sold at an annual tax sale. We give you time to resolve the issue with your customer while there is still an opportunity to avoid problems later. Alabama Tax Tracking, Inc. tracks properties in all 67 counties in the State of Alabama
Our process is simple as well - after closing a loan, simply submit a few pieces of key information to us and we will track that collateral for the life of the loan for a one-time fee. Our team will work with your staff to make the process as simple as possible.