Where can I find a foreclosure in Alabama?

Now select the county in which you want to look for a property. Search through all foreclosures in Alabama. We also provide rent to own homes, short sales homes and preforeclosures in Alabama (AL) along with bankruptcy homes and government HUD foreclosure listings. Click on a city below to see all available listings.

What’s the easiest way to get out of a foreclosure?

They pay you rent, which you then pay to the bank. While on the surface this foreclosure option looks daunting, it’s probably the easiest one, because you don’t have to get approval from your bank or get help from a lawyer. You don’t even have to talk to your bank.

What happens if bank does not follow foreclosure rules?

The bank has to follow certain rules when serving you notice of foreclosure. If they didn’t follow those rules, either intentionally or unintentionally, you can get the lawsuit dismissed Improper loan closing. The bank has to follow certain rules during the closing of your loan, mainly related to providing the right paperwork.

Can a bank defend a foreclosure on fraud grounds?

Fraud and misrepresentation. If the bank, loan servicing company, or mortgage broker have lied about anything, you can defend a foreclosure on these grounds, although you’ll have to be very specific and provide clear proof of this. What is the process for fighting a foreclosure in court?

What happens if I buy a home at a foreclosure sale in Alabama?

After you purchase the property at the foreclosure sale, you can demand that the homeowners vacate the property. To do this, you must deliver a written demand for possession to the homeowners. If they do not move out of the home within ten days after you give them the notice, they lose the right of redemption (Ala. Code § 6-5-251).

When does the redemption period start in Alabama for foreclosure?

The redemption period after a foreclosure sale in Alabama depends largely on when the foreclosed homeowners took out their mortgage. Mortgages before January 1, 2016. Alabama law gives homeowners a one-year redemption period after a foreclosure sale. Mortgages after January 1, 2016.

Is there a payoff before a foreclosure sale?

(Payoff before a foreclosure sale is commonly known as redemption, which is an equitable right available in every state.) You can contact your mortgage servicer to determine the amount required to either reinstate or pay off the loan. If they fail to respond, this may be a defense to an eventual foreclosure.

Can you get your home back after a foreclosure?

Yes, the owners may be able to get the home back after the foreclosure, but not by catching up on their mortgage payments. They would have to repurchase the home by paying you the purchase price you paid at the foreclosure sale, plus various other charges. This is called redeeming the property.

Can a house be redeemed after a foreclosure in Alabama?

This is called redeeming the property. Because the distressed former homeowner has to come up with so much cash to get the house back, redemption is rare. The redemption period after a foreclosure sale in Alabama depends largely on when the foreclosed homeowners took out their mortgage and whether it’s a homestead property.

How big is a bank owned foreclosure in Alabama?

Bank owned foreclosure Vacant Land features 3 bedrooms and 2 bathrooms and is priced at $72900. Bank-Owned Foreclosures can offer opportunities to purchase properties at attractive prices. 1368 sq ft. Pre-Foreclosure Single Family Home features 2 bedrooms and 1.5 bathrooms.

Can you sue your mortgage company before foreclosure in Alabama?

(Important — you can sue your mortgage company before the actual foreclosure sale to turn it into a “judicial” type of foreclosure ). So when someone in Alabama says they are “facing a foreclosure,” this can mean different things because we really have three stages to a foreclosure.

Where can I buy a house in Alabama?

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