A mortgage is a written pledge of property used as security for the repayment of a loan. The property you purchase is the collateral for the mortgage. If a debtor fails to make payments on the loan, the creditor can repossess your home. As a result, the creditor has legal rights to the property as the debtor pay off the mortgage. However, debtor has rights, too.
Alabama, like many other states, allows a debtor of a mortgage to catch up with their delinquent payments. In law, this called redemption. Should the creditor here fail to allow the homeowner to redeem the creditor would be in violation of Alabama Section 6-5-248.
I urge you to consult with an attorney in your state who has experience in real estate law. If you cannot afford an attorney, see if there is a local legal aid organization that can help you.
I hope this information helps you Find. Learn & Save.