Redemption of property prior to sale by payment of redemption amount.
(a) At any point prior to the moment of the sale, any interested party may redeem the real property from the sale by payment of the redemption amount. Payment shall be made to the Class 2 municipality. Following receipt of the payment, the Class 2 municipality shall file for dismissal of the proceedings.
(b) In the event of the payment by the owner of the real property, the proceedings shall be dismissed and the rights and interests of all interested parties shall remain unaffected.
(c) In the event of payment by any interested party other than the owner, the party making the payment shall possess a lien on the real property for the full amount of the payment, which lien shall have the same priority as the municipal code lien discussed in subsection (b) of Section 11-40-63. The lienholder shall have the right to enforce the lien as permitted to the holder of any lien under existing law. The lienholder shall not otherwise succeed to the rights of the Class 2 municipality or tax certificate holder.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 2 - Provisions Applicable to Municipal Corporations Only.
Chapter 40 - General Provisions.
Article 3A - Use and Occupancy of Building in Class 2 Municipalities.
Section 11-40-60 - Applicability to Class 2 Municipalities.
Section 11-40-61 - Adoption of Article; Exception.
Section 11-40-62 - Definitions.
Section 11-40-63 - Violations of Class 2 Municipality Housing and Building Code; Priority of Liens.
Section 11-40-64 - Nature of Rights and Remedies.
Section 11-40-65 - Filing Petition for Foreclosure; Form of Petition; Notice.
Section 11-40-66 - Judicial Hearing.
Section 11-40-67 - Redemption of Property Prior to Sale by Payment of Redemption Amount.
Section 11-40-68 - Foreclosure Sale; Form of Deed.
Section 11-40-69 - Avenue for Input by Adjoining Property Owners.