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