Alabama Foreclosure Law

Facts:

Judicial Foreclosure Available:     Yes

Non-Judicial Foreclosure Available:       Yes

Primary Security Instruments:      Deed of Trust or Mortgage

Timeline:     Approximately 30-60 Days

Right of Redemption:      Yes, for 12 Months only

Deficiency Judgments Allowed:       Yes

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Quick Summary:

In Alabama, lenders may foreclose on deeds of trusts or mortgages in default using either a judicial or non-judicial foreclosure process. 

 

The foreclosure timeline in Alabama is approximately 30-60 days from the time you miss your first payment until a Notice of Default or Notice of Sale is issued to your actual foreclosure date and sale.

Alabama borrowers have the right of redemption for twelve months after a foreclosure sale and are allowed deficiency judgments.

For more information on Alabama Foreclosure laws and regulations visit  http://www.ncsl.org/public/leglinks.cfm and click on your state.

Or Contact: 

Alabama's Attorney General's Office
State House
Montgomery, AL 36103
Ph: (205) 242-7300
Fax:(205)242-2885