SB533 Alabama 2010 Session

Summary

Primary Sponsor

Rodger SmithermanSenator

Democrat

Co-Sponsor

Quinton Ross

Session

Regular Session 2010

Title

Foreclosures and redemption of real property, foreclosure notice, time period for redemption, Secs. 6-5-251, 8-1-172, 35-10-13 am'd.

Summary

SB533 would require mailed foreclosure notices to single-family residential mortgagors with specific details, extend foreclosure publication timing, and lengthen redemption periods for both owners and tenants in foreclosures.

What This Bill Does

If enacted, the bill would require residential foreclosure notices to be mailed to the mortgagor with names of the parties, property description or address, the default, and the mortgagee's intent to foreclose. It also extends the initial publication window for foreclosure sale notices to 60 days after mailing and applies only to residential properties (not commercial or agricultural). It increases the time to surrender possession to preserve redemption from 10 days to 20 days for the debtor and from 10 days to 60 days for tenants.

Who It Affects

• Owners of single-family residential properties with mortgages undergoing foreclosure; they would receive mailed notices with specified information and face revised redemption timelines.
• Tenants living in foreclosed residential properties; they would receive a longer period (60 days) to surrender possession and preserve redemption rights.

Key Provisions

• Residential foreclosure notices must be mailed to the mortgagor and include the mortgagee's name, all parties to the mortgage, a legal description or street address, the default, and the mortgagee's intention to sell at foreclosure.
• The first notice of foreclosure sale must be published in a newspaper 60 days after the mailing to the mortgagor, with publication in the county where the property is located (or in an adjoining county if none in the county).
• Redemption possession periods are extended: debtors from 10 to 20 days; tenants from 10 to 60 days after notice.
• The bill amends sections 35-10-13, 6-5-251, and 8-1-172 and becomes effective August 1, 2011.

AI-generated summary using openai/gpt-5-nano on Feb 25, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Mortgages