HB256 Alabama 2015 Session
In Committee
Bill Summary
Sponsors
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.
Relating to redemption of certain real property for nonpayment of taxes and of certain real property foreclosed on under a mortgage or sold by virtue of a judgment; to reduce the redemption period; to amend Sections 6-5-248, 6-5-252, and 8-1-172 of the Code of Alabama 1975; and to provide for partial prospective operation.
Subjects
Property, Real and Personal
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB256 Alabama 2015 Session - Introduced |
Source: Alabama Legislature