HB256 Alabama 2015 Session

Summary

Primary Sponsor

Ken Johnson

Republican

Session

Regular Session 2015

Title

Real property, foreclosures on homesteads, redemption period reduced, Secs. 6-5-248, 6-5-252, 8-1-172 am'd.

Description

Under existing law, a person has one year to redeem real property that is sold for nonpayment of taxes or that is foreclosed on.

This bill would reduce the redemption period to 90 days for residential property on which a homestead exemption was claimed in the tax year during which the sale or foreclosure occurred.

Show more Show less

Subjects

Property, Real and Personal