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Buying & Selling Real Estate
HomeForumsBuying & Selling Real EstateAlabama usury is 8%??
Ivan Reyes's profile image
Ivan Reyes's profile image
Ivan Reyes
  • Real Estate Investor
  • from San Juan, Puerto Rico
  • Member since Nov 12, 2008
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Ivan Reyes's profile image
Ivan Reyes's profile image
Ivan Reyes
  • Real Estate Investor
  • from San Juan, Puerto Rico
  • Member since Nov 12, 2008
Connect
Ivan Reyes
  • Real Estate Investor
  • San Juan, Puerto Rico
1
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50
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Buying & Selling Real Estate

Alabama usury is 8%??

Ivan Reyes
  • Real Estate Investor
  • San Juan, Puerto Rico
Posted Jan 3 2010, 05:34

The searches I made online seem to say that the max usury in AL is 8%. Can this be right? Does that mean if you provide seller financing that the max you can charge your buyer is 8%.

That seems very low considering the risk of providing seller financing on a property. Does anyone have any different experience in AL?

Thanks.

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