Ala. Admin. Code r. 80-10-17-.11

Current through Register Vol. 43, No. 1, October 31, 2024
Section 80-10-17-.11 - Redemption Of Property
(1) Before sale. -- Any person whose property has been levied upon hereunder shall have the right to pay the amount due, together with the expenses of the proceeding, if any, to the commissioner or his delegate at any time prior to the sale thereof, and upon such payment the commissioner or his delegate shall restore such property to him, and all further proceedings in connection with the levy on such property shall cease from the time of such payment.
(2) Redemption of real estate after sale.
(a) PERIOD. -- The owners of any real property sold as provided in Section 9 of these regulations, their heirs, executors, or administrators, or any person having any interest therein, or a lien thereon, or any person in their behalf, shall be permitted to redeem the property sold, or any particular tract of such property, at any time within one year after the sale thereof. Real property purchased by the Commissioner at said sale may be redeemed from the Commissioner at any time within one year after the sale thereof.
(b) PRICE. -- Such property or tract of property shall be permitted to be redeemed upon payment to the purchaser, or in case he cannot be found in the county in which the property to be redeemed is situated, then to the Commissioner or his delegate, for the use of the purchaser, his heirs, or assigns, the amount paid by such purchaser and interest thereon at the current rate of interest per annum as last published and charged on delinquent taxes by the Internal Revenue Service. Where the Commissioner was purchaser, the assessment amount must be paid in full in addition to the costs, penalties and interest in order to redeem.
(3) Record. -- When any lands sold are redeemed as provided in this section, the Commissioner or his delegate shall cause entry of the fact to be made upon the record mentioned in Section 14 of these regulations, and such entry shall be evidence of such redemption.
(4) Redemption of personal property. -- There may be no redemption of personal property.

Author: Robert J. Russell

Ala. Admin. Code r. 80-10-17-.11

New Rule: Filed February 12, 2004; effective March 18, 2004.

Statutory Authority:Code of Ala. 1975, §§ 2-2-8; 2-19-128; 2-18-135(c); Title 2, Chapter 19, Article 6.