Title: Requires Adjoining Homeowners to Receive Notice of Lien Foreclosures
Vote to pass a bill that requires adjoining homeowners to receive notice of lien foreclosures in Alabama.
Requires municipalities to establish procedures that allow adjoining property owners to submit bids before public auction (Sec. 1).
Requires such bidders to submit an affidavit stating that they are an owner/occupant of an immediately adjoining property, and that they are exempt or eligible for exemption from ad valorem taxes (Sec. 1).
Authorizes a municipality to accept the highest bid from an adjoining owner and cancel the public auction for such property (Sec. 1).
Authorizes a municipality to proceed with a public sale if there are no bids from adjoining owners (Sec. 1).
Specifies that this Act is effective on October 1, 2026 (Sec. 2).
Title: Requires Adjoining Homeowners to Receive Notice of Lien Foreclosures