Alabama Code > Title 35 > Chapter 10 > Article 1A – Foreclosure by Power of Sale for Mortgages Executed After December 31, 1988


§ 35-10-11	Definitions
§ 35-10-12	Execution of foreclosure by power of sale; effect; indexing of deeds
§ 35-10-13	Notice of sale; minimum standards
§ 35-10-14	Place and time for conducting foreclosure by power of sale
§ 35-10-15	Successive sales under power permitted
§ 35-10-16	Law governing applicability

Deed: The legal instrument used to transfer title in real property from one person to another.
following: means next after. See Alabama Code 1-1-1
Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. ^{Source: OCC}
Grantor: The person who establishes a trust and places property into it.
Lien: A claim against real or personal property in satisfaction of a debt.
Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Mortgagee: The person to whom property is mortgaged and who has loaned the money.
person: includes a corporation as well as a natural person. See Alabama Code 1-1-1
Probate: Proving a will
property: includes both real and personal property. See Alabama Code 1-1-1