Q: Filed chapter 7 In Alabama and quit paying on house afterwards, how long til we are firced to move
My parents quit paying on house a couple months after filing chapter 7, hiw ling do I have to get them out of the house before forclosure is final?
A: Foreclosures in Alabama are nonjudicial, meaning the lender can foreclosure under a power of sale clause in the mortgage contract without going to court. You may receive various notices along the way, including a notice of sale. While you don't have a right to reinstate the loan in Alabama once foreclosure proceedings begin, you may be able to redeem the property after the sale under certain circumstances. The timing of these events are determined by the lender. Once initiated, the process can take as little as approximately 90 days.
A: An important principle is involved here. Under Alabama law, the mortgagor (borrower) has one year to redeem a property after a foreclosure sale. Redemption is the right to buy back the property by paying the amount that it was sold for at the foreclosure sale. This right, however, is lost if a borrower fails to vacate the premises within ten days of demand made following the foreclosure sale. So, if a borrower wants to retain this right to redeem, that borrower must vacate. Otherwise, the borrower can technically stay on the premises until the mortgagee files an ejectment lawsuit to have the borrower evicted.
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.