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Redemption and Deficiency Judgments in Alabama

Whether you can buy back your home after a foreclosure sale in Alabama, and whether the lender can sue for what's still owed.

Short answer: Yes. After a foreclosure sale, the debtor, mortgagor, their spouses, children, heirs and certain others may redeem within 180 days from the sale for residential property on which a homestead exemption was claimed in the tax year of the sale, or within one year for all other property. Ala. Code §§ 6-5-248, 6-5-251, 6-5-252, 6-5-253

Redemption after the saleYes. After a foreclosure sale, the debtor, mortgagor, their spouses, children, heirs and certain others may redeem within 180 days from the sale for residential property on which a homestead exemption was claimed in the tax year of the sale, or within one year for all other property. To redeem, the person must pay the purchase price with interest plus lawful charges (such as permanent improvements, taxes, insurance and certain liens). A redeeming party may make a written demand for an itemized statement of charges, which the purchaser must provide within 10 days. The right to redeem is lost if the debtor or mortgagor fails to give up possession within 10 days after the purchaser's written demand.
Source: Ala. Code §§ 6-5-248, 6-5-251, 6-5-252, 6-5-253

More Alabama foreclosure & homeowner law

FAQ

Is there a right of redemption after foreclosure in Alabama?
Yes. After a foreclosure sale, the debtor, mortgagor, their spouses, children, heirs and certain others may redeem within 180 days from the sale for residential property on which a homestead exemption was claimed in the tax year of the sale, or within one year for all other property. To redeem, the person must pay the purchase price with interest plus lawful charges (such as permanent improvements, taxes, insurance and certain liens). A redeeming party may make a written demand for an itemized statement of charges, which the purchaser must provide within 10 days. The right to redeem is lost if the debtor or mortgagor fails to give up possession within 10 days after the purchaser's written demand.

General legal information, not legal advice. Laws change and local rules can differ; check the linked official source or talk to a lawyer about your situation.