Q:

How can you buy foreclosed land in Alabama?

A:

Quick Answer

The best time to buy foreclosed land in Alabama is during the preforeclosure period when most of the foreclosed properties are being sold. You can either wait for the auctioning, contact the owner directly or contact the agent handling the brokerage process.

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Full Answer

There are several ways to purchase foreclosed land in Alabama. The easiest way is to contact the owner. If you manage to secure an appointment with the owner, schedule a convenient time for you to inspect the property to check whether it will meet your needs. If you are satisfied with what you see, make a reasonable offer.

You can also contact a broker or an agent who knows where to find prime land and can negotiate the price on your behalf. After identifying the ideal property with the help of your agent, an independent professional inspection follows to examine the condition or any hidden defects in the land. Explain the terms of your offer to the owner and convince him to accept it.

You can find foreclosed land in Alabama listed with a listed agent who understands the owner’s situation and can negotiate the sale to suit the needs of both parties. If you want to auction for the land, you must be present on the day of the public foreclosure auction sale, where you will have to compete with fellow bidders.

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