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    Alabama

    Downloadable Contract for Deed and Mortgage forms for Alabama lenders and brokers.

    • All financial institutions and providers of credit, including mortgage lenders, are regulated by the State of Alabama Banking Department.
    • Anyone holding a mortgage broker license may broker first and second mortgages, without any special licensing for the second mortgages.
    • Alabama mortgages contain a power of sale clause, which allows the lender to foreclose and sell the property if the borrower defaults.
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