When the owner of real estate wishes to sell a property and the purchaser has applied for a lender’s policy of title insurance, an Alabama Right of Redemption Bond may be required by the lender before funds can be allocated for the purchase.
Bonds Express offers an Alabama Right of Redemption Bond with a 99% approval rate.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Alabama Right of Redemption Bond holds you accountable for your business decisions.
By possessing an Alabama Right of Redemption Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.