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Fixer Upper Ranch For Sale in an Attractive Neighborhood in Atmore, AL $25K – Sold
April 26, 2022
OHU50K NOTES $25,000 Sold
The fixer upper ranch is located in an attractive neighborhood. The house needs work certainly, but the low price is probably more indicative of the Alabama One Year Right of Redemption Law.
Great potential in a good neighborhood. This one is going to make someone a good home. This property may be subject to Alabama One Year Right of Redemption Law. Listing
Alabama law generally gives homeowners one year to redeem the home after a foreclosure sale. If they took out the mortgage on or after January 1, 2016, Alabama law provides a 180-day redemption period after the foreclosure sale.
2 Comments
Karan Karlstad
I could be interested in this property but what is that one year clause. Thank you
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Alabama law generally gives homeowners one year to redeem the home after a foreclosure sale. If they took out the mortgage on or after January 1, 2016, Alabama law provides a 180-day redemption period after the foreclosure sale.