Real Estate Zing
 USA Real Estate  USA Cities  Real Estate Agents List  Fannie Mae  Freddie Mac
 
 Home  »  USA  »  Alabama  » Foreclosure Auction

Alabama Foreclosure Auction

Alabama Foreclosure Auction is the prime part of the whole foreclosure auction and occurs once the property in concern is seized by the bank. Be it a Condo, Waterfront Property, Townhomes etc, if the mortgage payment is not done on time then the foreclosure process gets started and leads to the foreclosure auction in Alabama. In order to stop the foreclosure process, the borrower must make the entire payment to the bank.

Alabama Foreclosure Auctions: Some Facts

But before Alabama foreclosure auction, it is mandatory to check the type of mortgage or deed of trust. The foreclosure based on the presence and absence of power of sale in deed of trust can be Non-Judicial and Judicial. Now prior to the foreclosure auction in Alabama power of sale notice is required to be published. In this the attorney who is associated with the foreclosure process must file the notice of sale. After this the notice of sale is then published in a newspaper for three weeks. In between the whole process, borrower may make the payment to stop the process of foreclosure. But if nothing of this kind happens then the sheriff has left with no other option than the foreclosure auction in AL.

Alabama foreclosure auctions takes place in the county where property is located and generally in the front door of the court house. The Alabama foreclosure auctions are conducted by sheriff who is a legal person to conduct and manage these sales. During the auction bidding is made and the property is given to the highest bidder.

But if the foreclosed property is not sold during auction then it is owned by the bank and becomes real estate owned (REO). Banks then sell these REOs at cheap rates just to get rid of these properties. To finds out the Alabama foreclosure auctions keep checking the local newspaper as notices are published in these. Along with this contact Real Estate Agent in your area who deals in foreclosed properties and contains the complete list of the foreclosure auctions in the specific county. Along with this there are many dedicated websites where list of auctioned home can also be checked. Realestatezing.com has also made some efforts to help you by putting few sites that deals in foreclosure homes, auctions and other features.
 
Government Auctions.org
Government Auctions.org displays the list of all the properties that are there for Alabama foreclosure auction. You can find the complete detail of all the foreclosed properties. Moreover the search for Alabama foreclosures can also be done city as well as county wise.
 
Foreclosure Listing.com
Foreclosure Listing.com provides the listing of available foreclosures for sale not only in the state of Alabama but in the entire US. You can find foreclosures by city, county and state. Apart from this auctions in Alabama, bankruptcies, resale properties can also be checked.
Website: http://www.foreclosurelistings.com/listings.php?state_sg=AL
 
Business.com
Business.com has the list of websites that deals in Alabama foreclosures, auctions and have the listing of foreclosed properties.
Website: http://www.business.com/directory/real_estate_and_construction/property_listings/foreclosure/us_states/alabama/


Alabama Foreclosures
Laws
Foreclosure Redemption
For Sale
Listings
Help
Homes
Rate
Alabama Real Estate
Agents
School
License
Real Estate Commission
License Requirements
Real Estate License Online
License Exam
License Course
License Law
Cities in Alabama
Alabama Mortgage
Rates
Brokers
Lenders
Companies
Calculator
Refinance
Home Mortgage
Coldwell Banker
Rental Homes
Homes for Rent
Condo Rentals
Residential Property
Condos
Association and Board
Association of Realtors
Housing Authority
Real Estate Appraisers Board
Top Builders
DR Horton
Home Builders
Property Taxes
Unclaimed Property
Property Tax
Building a Home
Architects