Click the map to search Alabama Foreclosure properties. FSunsurfer LLC has the most comprehensive data on distressed properties around. Looking to invest in a Alabama foreclosure or a bank-owned home in Northern Alabama? Or perhaps you are an investor searching for an REO or HUD foreclosure along Alabama's gulf coast. Alabama has a variety of outdoor activities for the avid adventurer and its natural beauty will further propel the real estate market. Now is the time to invest in Alabama foreclosures and pre-foreclosures. Our Alabama foreclosure listing website has all you need for purchasing a AL bank owned property. Get the latest Alabama real estate articles to research the state of the market - or check out the Alabama Foreclosure Learning Center. Pre-foreclosure Period

In Alabama, court foreclosures are rare, occurring only when there are title problems or when the mortgage lacks a provision giving the lender the right to sell the property if the borrower defaults. Out-of-court foreclosure proceedings are most commonly used. The process begins once a lender supplies the attorney with the applicable documents and the attorney schedules a sale of the property.
Although not required by state law, some mortgages require the lender to send a notice of default to the borrower 10-30 days before initiating the foreclosure process.
Unless the mortgage states otherwise, the borrower has a right to pay off the debt at any time and stop the foreclosure process until the day of the foreclosure sale. Did you know? that Sunsurfer LLC is the premier foreclosed alabama properties provider with experise in the alabama housing market Taxes Can Put a Homeowner in Foreclosure (2-Part Series on Tax Foreclosure) Notice of Sale / Auction A lender must follow any notice of sale requirements that are specified in a mortgage. The notice of sale is published for three weeks in a newspaper or posted at the courthouse door and three other public places. The notice must provide a description of the property and the day, place, and terms of the sale. Usually, the notice is also sent to the borrower, although it is not required unless dictated in the mortgage. If a borrower has other mortgage loans, those lenders typically receive notice as well. The sale takes place at the courthouse. After the foreclosure sale and upon payment of the sale price, a deed is given to the winning bidder.

The borrower has the right to redeem the property after the foreclosure sale, up to one year after the foreclosure sale date.