Alabama Foreclosure Law.Facts: Judicial Foreclosure Available: Yes Non-Judicial Foreclosure Available: Yes Primary Security Instruments: Deed of Trust and Mortgage Timeline: Approximately 30-60 Days Right of Redemption: Yes, for 12 Months Only Deficiency Judgments Allowed: Yes 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 Foreclsoure laws and regulations visit http://www.ncsl.org/public/leglinks.cfm and click on your state. Or Contact: Alabama's Attorney General's Office
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