Phil Campbell sits in Franklin County, Alabama. This page is the working brief for an investor looking at Phil Campbell: the state law that governs your contracts, the foreclosure clock that prices distress, and the calculators that tell you your max offer before you ever tour a house.
Alabama regulates fee-bearing assignment directly — Act 2023-201, Ala. Code §§8-42-1 to 8-42-3. Three written disclosures, timed.
Alabama is one of the few states that regulates the assignment itself. The duties reach assignment, novation, and similar transfers of the equitable interest, on single-family residential property.
Full breakdown, with the checklist we run on our own deals: Is wholesaling legal in Alabama?
Process: Non-judicial (power of sale in the mortgage/deed of trust); judicial foreclosure also available.
Three free tools, no account needed to run the math: the 70% Rule Calculator for a first-pass max offer, the Flip Profit Calculator for the full flip stack, and the Rental Cash Flow Calculator if the exit is a hold. How we check every number: How we run the numbers.
The Deal Teardown Pack: one real deal taken apart line by line — every number shown, nothing hidden — plus the comp packages behind it. The fastest way to learn how a Alabama deal is actually underwritten.