How much must I pay for my house in redemption,
The one that I lived in last year?
How much must I pay for my house in redemption?
In Alabama it’s not always that clear.

Foreclosure redemption flowchart

 

* This chart seeks to provide a general method by which to determine the redemption price of a home following foreclosure. It does not consider each and every lawful charge permitted under the statute, such as permanent improvements; taxes paid or assessed; insurance premiums paid or owed by the purchaser; all recorded judgments, recorded mortgages and recorded liens having a higher priority in existence at the time of sale which are revived by operation of the statute; and mortgages given by the purchaser on the land to the extent of the purchase price. For an excellent discussion concerning the intricacies of Alabama’s right of redemption laws, see the decision of the U.S. District Court for the Southern District of Alabama in First Fin. Bank v. CS Assets, LLC, 678 F. Supp. 2d 1216 (S.D. Ala. 2010).

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