Does Alabama Law Allow for a Redemption Period After a Foreclosure?

By: LawInfo
Yes. The property may be redeemed for 12 months after the foreclosure sale. The borrower whose property was foreclosed must pay the amount of the unpaid loan plus all interests and costs within 12 months of the foreclosure sale date in order to regain ownership of the property.

The information on this page is meant to provide a general overview of the law. The laws in your state and/or city may deviate significantly from those described here. If you have specific questions related to your situation you should speak with a local attorney.

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