Found 2 blog entries tagged as foreclosure.

Understanding Deeds in Alabama Foreclosure Sales: What Buyers Need to Know


By Meredith Amon, Licensed in Alabama and Florida

Alabama Foreclosures and Deeds Real Estate

If you’re thinking about purchasing a foreclosed property through a bank in Orange Beach or anywhere along Alabama’s Gulf Coast, it’s important to go beyond price and location and focus on one of the most critical elements of the transaction: the type of deed you'll receive at closing.

In Alabama, bank-owned properties (often referred to as REO—Real Estate Owned) come with their own unique set of legal considerations. One of the most important? The type of deed used to convey ownership—and how it affects your rights, your risk, and your plans, especially if you want to build or renovate quickly.

Types of Deeds…

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What You Need to Know About Buying Bank-Owned Vacant Land in Orange Beach, Alabama: Understanding the Right of Redemption and Bonding Options


By Meredith Amon, Licensed in Alabama and Florida

Alabama Right of Redemption Foreclosures Banks

Vacant land opportunities in Orange Beach, Alabama are becoming more rare—and more desirable—by the day. Whether you’re looking to build a custom home, develop an investment property, or secure your piece of the Gulf Coast lifestyle, the chance to acquire bank-owned or foreclosed land at a discounted price may seem like an ideal opportunity.

However, if you’re considering building immediately on a recently foreclosed lot, it’s essential to understand how Alabama’s Right of Redemption laws may affect your plans—and how certain protections, such as a…

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