Alabama HB496 amends municipal foreclosure laws to prioritize adjoining owners' bids and require notice to them.

Alabama HB496 amends the Code of Alabama to require Class 2 municipalities to notify adjoining property owners of foreclosure proceedings and allow them to bid before public auctions. The bill defines adjoining owners as those sharing a common property line or boundary with the property. If adjoining owners submit bids, the municipality must accept the highest bid and cancel the public auction. The bill also updates definitions and technical language related to municipal code liens and tax payoffs.

Alabama HB496 amends municipal foreclosure laws to prioritize adjoining owners' bids and require notice to them.

Alabama HB496 amends the Code of Alabama to require Class 2 municipalities to notify adjoining property owners of foreclosure proceedings and allow them to bid before public auctions. The bill defines adjoining owners as those sharing a common property line or boundary with the property. If adjoining owners submit bids, the municipality must accept the highest bid and cancel the public auction. The bill also updates definitions and technical language related to municipal code liens and tax payoffs.