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Alabama Tax Sales and Possession

Sunday, June 30

Alabama tax sale investors are entitled to possession of the property even though they might not get a deed for another three years. You MUST understand the rules if you are going to be able to take advantage of this and also stay out of trouble.As of the 2019 auctions, all counties except Baldwi...


Death of Tenant During Lease Term

Thursday, July 26

Especially with the opioid epidemic, and attendant overdosing, it is not at all uncommon to have a tenant who dies during the lease term.  Unless a state has specific laws to cover this (which most do not), then a landlord has very few options. They boil down to: (1) lock up the premises and deny...


Dodd Frank Rules re RMLO and Prohibited Loan Terms

Sunday, July 15

Many people ask if they need a Residential Mortgage Loan Originator, when they seller-finance, but a simple "Yes" or "No" does not fully answer the question.INDIVIDUALS who finance one residential consumer transaction per 12 months are eligible for the One Property Exception. They do NOT need a ...


Alabama Tenant Default Notices

Monday, July 09

I’m getting word that SOME Alabama judges are requiring that tenant default notices specifically say the tenant has seven business days to cure, not just seven days. Under 2018 amendments to ARLTA, the notice period is now seven business days instead of the former seven calendar days. The law doe...


Foreclosure Investors Beware: Existing Tenants Cannot be Evicted

Tuesday, May 29

The Protecting Tenants at Foreclosure Act of 2009 expired on December 31, 2014. Now it is back again.The law prevented new owners from evicting tenants after a foreclosure, and was passed as a result of widespread hardships after the collapse of the mortgage markets. By 2014, it was felt that s...


Changes to Alabama Landlord Law

Thursday, April 12

The Alabama Legislature has passed some new laws that affect landlords. This is a longer email than I normally send out, but please take the time to read it. One law will absolutely require changes to your default policies and forms. Another law will create some opportunities for you to better pr...