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Updated over 9 years ago on . Most recent reply

User Stats

32
Posts
4
Votes
Carey Dodson
  • Real Estate Investor
  • Chelsea, AL
4
Votes |
32
Posts

Right of Redemption in the State of Alabama

Carey Dodson
  • Real Estate Investor
  • Chelsea, AL
Posted

I have a private lender in the State of Alabama that has foreclosed on a property and wants to sell to me. There are 8 months still left on the right of redemption and legal concerns regarding the current occupant who happens to be the former owner of the home. Do any of my Birmingham investors have advice as to how to legally work around/with this issue besides waiting 8 months?

Most Popular Reply

User Stats

44
Posts
7
Votes
Morgan Smith
  • SFR Investor
  • Birmingham, AL
7
Votes |
44
Posts
Morgan Smith
  • SFR Investor
  • Birmingham, AL
Replied

If you can't get them out of the house, you will have to do an ejectment lawsuit. This can be very time consuming and costly, probably the reason why the lender wants to sell.

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