Posted by angela on January 08, 2001 at 15:11:35:
You are right about the fact that all states do not have what is called statutory redemption, but many states do. In Alabama, the period exists for one year. That is the reason that if a title search is clean, I go directly to the person in foreclosure. Yes it is fact once at auction you do not have to worry with secondary leins, but why go to auction if you can get a great deal beforehand?