Right of Redemption is an AL state law and therefore cannot be avoided. The redemption period expires 365 days from the date of the foreclosure. Only if you purchase a propertyy 366+ days after the foreclosure date, do you no longer have to be concerned.
As Julie pointed out, the lower the amount, the greater the risk of the redemption. The reality is that if someone could not afford to make their monthly mortgage payment, it would not be very likely that they would be able to come up with the money to redeem the full amount.
Rodney Mason, NMLS #151088
Sr Loan Officer
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
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