Where are the foreclosure sales held? All sales are held at the courthouse steps in the county where the property is located.
What time are the sales held? The legal hours of sale in Alabama are 11am - 4pm. The approximate time of the foreclosure sale is listed on this website under "Approximate Sale Time".
Can I see the property prior to the foreclosure sale? Until the auction is completed, the property owner still retains ownership. Therefore, the firm nor its clients can grant you access to view the property. The properties are sold "as is," with no warranties whatsoever being made by the selling entity. This firm has no information on the condition of the property.
What is the opening bid? The opening bid is the amount provided to us by the mortgage company. The opening bid amount is listed on this website under "Opening Bid Amount".
What documents does Tiffany & Bosco need if I am purchasing a property on behalf of my company or LLC, or on behalf of another individual or entity?
- If you will be taking title in a name other than your own individual name, you will need to submit to Tiffany & Bosco, P.A. ("Tiffany & Bosco") written authorization showing that you have authority to bid and purchase property on behalf of the individual or entity that is taking title to the property. Whether or not you have an ownership interest in the entity, you will still need to submit written authorization to Tiffany & Bosco showing that you have the authority to bid and purchase properties on behalf of the entity. This written authorization must be provided to Tiffany & Bosco by noon on the business day following the day of the foreclosure sale.
- The purchase proceeds that are submitted to Tiffany & Bosco must be from the purchaser of the property.
- When purchasing property, you must follow the written instructions provided to you by the auctioneer at the time of the sale.
Are there any liens on the property? You must do your own independent research regarding title to the property.
If I am the successful bidder, how soon must I have the funds to Tiffany & Bosco? Sales require a non-refundable certified check made payable to Tiffany & Bosco, P.A. in the amount of $5000 at the time of sale. Please review the notice of sale for the terms of any individual sale. Any remaining funds plus any recording costs and transfer taxes must be received in our office by noon on the day after the sale, or earlier. If a sale falls on a Friday, the funds must be in our office the following Monday morning.
How can funds be delivered? All funds must be in the form of cashier's check, certified check, or bank wire in accordance with the instructions given to the third-party purchaser at the time of sale. Funds may be delivered to our firm in person or mailed to us. Since funds must be received by the next day, we suggest using DHL, FedEx, UPS, or wire transfer. If the funds are not received timely, then the purchase shall revert to the previous highest bidder. We cannot receive Western Union wire transfers.
Can I make an offer to buy the property before the foreclosure sale? Our client is a lienholder, not an owner, of the property; and thus, cannot negotiate a sale of the property prior to the foreclosure sale.
What is the relationship between Sirote & Permutt, P.C. and Tiffany & Bosco, P.A.? Tiffany & Bosco, P.A. acquired all of the mortgage servicing assets of Sirote & Permutt, P.C. on March 2, 2020.