ACTIVE REAL ESTATE FORECLOSURES FOR SALE WITH 100% FINANCING POSSIBLE IN BIRMINGHAM AL-05/31/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE WITH 100% FINANCING POSSIBLE IN BIRMINGHAM AL-05/31/2011

Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE WITH 100% FINANCING POSSIBLE IN BIRMINGHAM AL-05/31/2011list has been posted.

http://bhammls.net/BAARReports/ListitLib/show_report.aspx?ID=7015701691

Theseare Single Family Homes ‘Active’ on the Birmingham MLS. These homes are
ripe for the picking. Don’t Let them pass you by. ACT NOW!!

ACTIVE REAL ESTATE FORECLOSURES FOR SALE WITH 100% FINANCING POSSIBLE IN YOUR AREA

Now For Some News That Some Might Find Interesting:

Real estate investors are likely to be three times more active than other types of homebuyers in their local markets within the next two years, according to a nationwide survey from Realtor.com operator Move Inc. Market research firm GfK Custom Research North America conducted the survey on behalf of Move from April 11-15, 2011.

The survey included telephone interviews of 1,200 U.S. adults, of which about 200 were identified as real estate investors. Data was weighted by age, sex, education, race and geographic region. A third of real estate investors are planning to buy in the next 24 months, compared to 8.6 percent of typical homebuyers — those planning to purchase a primary residence, vacation home or retirement property.

Another 9.1 percent of typical homebuyers, and 28 percent of investors, plan to purchase between two and five years from now. Among the investors, half plan to hold their properties for five or more years while 11 percent expect to sell within a year of purchase, according to the survey. Some of these investors are possibly right here in our Birmingham, AL Area looking for ACTIVE REAL ESTATE FORECLOSURES FOR SALE WITH 100% FINANCING POSSIBLE.

And One More:

My No. 1 pet peeve in real estate is the square-footage demand of the   house hunter. Unless he appraises houses for a living, it’s near  impossible for  Home Consumer Carl to accurately gauge how big a room is  — let alone a whole  house — without a tape measure. This is by far heavily prevalent in our area of ACTIVE REAL ESTATE FORECLOSURES FOR SALE WITH 100% FINANCING POSSIBLE.

And many times, their demand for a certain square footage is  unrelated  to their desired use of that space. Hallways, closets,  covered patios and  pantries are all areas typically forgotten by buyers  on a quest to purchase a 3,250-square-foot  house with a movie theater  and in-ground pool.

Take the house in which I live, for example. It’s a really nice  three-bedroom,  three-bath home that measures just over 3,000 square  feet.

That sounds like a nice little estate on paper, but I know that the  back  hallway that connects all the rooms of our 1955 California Ranch  accounts for  about 1,000 square feet of the aforementioned total space  — it could circle  half of the Daytona Raceway.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE WITH 100% FINANCING POSSIBLE IN BIRMINGHAM AL-05/31/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE WITH FHA FINANCING IN BIRMINGHAM AL-05/27/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE WITH FHA FINANCING IN BIRMINGHAM AL-05/27/2011

YourFREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL-05/27/2011 list has been posted

http://bhammls.net/BAARReports/ListitLib/show_report.aspx?ID=7015676223

Theseare Single Family Homes ‘Active’ on the Birmingham MLS. These homes are
ripe for the picking. Don’t Let them pass you by. ACT NOW!!

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN YOUR AREA

Foreclosure sales accounted for 28 percent of U.S. home sales in the first quarter, with those properties
selling for nearly 27 percent less, on average, than homes not in the
foreclosure process, data aggregator RealtyTrac said in a report released today. This is accurately reflected in the number of ACTIVE REAL ESTATE FORECLOSURES FOR SALE in the Birmingham, AL Area.

A total of 158,434 U.S. residential properties either owned by banks or in some stage of foreclosure
sold to third parties in the first quarter, a decrease of 16 percent from
fourth-quarter 2010 and a decrease of nearly 36 percent from first-quarter
2010, RealtyTrac said.

Properties in some stage of foreclosure — default, scheduled for auction or bank-owned (REO) — had an
average sales price of $168,321, down 1.9 percent from fourth-quarter 2010 and
down 1.5 percent from first-quarter 2010, This is inline with the local trend her for                                                                                                                            ACTIVE REAL ESTATE FORECLOSURES FOR SALE in the Birmingham, AL area. The 27 percent
foreclosure discount for the first quarter was unchanged quarter-to-quarter,
and up slightly from a 26 percent discount in first-quarter 2010.

“While foreclosure sales continue to account for an unusually high percentage of all residential home
sales, sales volume is well off the peak we saw in the first quarter of 2009,
when nearly 350,000 foreclosure properties sold to third parties,” said
James J. Saccacio, RealtyTrac’s CEO, in a statement.

A total of 107,143 bank-owned (REO) properties sold to
third parties in the first quarter, down nearly 30 percent year-over-year, at
an average discount of 35 percent, up from an average discount of 33 percent in
first-quarter 2010. REOs comprised nearly 19 percent of all sales last quarter. Birmingham AL ACTIVE REAL ESTATE FORECLOSURES FOR SALE account for a fare share of our state’s REO Market

Another 51,291 preforeclosure properties — homes in
default or scheduled for auction — sold to third parties in the first quarter,
down 45 percent year-over-year, at an average discount of 9 percent, down from
an average discount of 14 percent in first-quarter 2010. Preforeclosure sales
comprised nearly 9 percent of all sales last quarter.

It took an average of 176 days for an REO to sell after
it had been repossessed; preforeclosure properties were in the foreclosure
process for 228 days on average before selling, RealtyTrac said. This trend of ACTIVE REAL ESTATE FORECLOSURES FOR SALE in the Birmingham AL area is also inline with national trends.

Q1
2011 Total Foreclosure Sales
State #
of FC Sales
%
ch. from Q1 ’10
Pct.
of all sales
Avg.
price
Avg.
discount %
U.S.
Total
158,434 -35.79 27.53 $168,321 26.66
Alabama 834 -14.81 20.06 $135,063 20.46

ACTIVE REAL ESTATE FORECLOSURES FOR SALE WITH FHA FINANCING IN BIRMINGHAM AL-05/27/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE WITH FHA FINANCING IN BIRMINGHAM AL-05/26/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE WITH FHA FINANCING IN BIRMINGHAM AL-05/26/2011

Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL-05/26/2011 list has  been
posted

http://bhammls.net/BAARReports/ListitLib/show_report.aspx?ID=7015666484

These  are Single Family Homes ‘Active’ on the Birmingham MLS. These homes

are  ripe for the picking. Don’t Let them pass you by. ACT NOW!!

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN YOUR AREA

HomePath® Buyer Incentive

Fannie Mae is currently offering buyers up to 3.5% in closing cost assistance through June 30, 2011.

The HomePath property buyer must meet the following qualifications to be eligible:

  • Buyers and/or selling agents (the agent representing the buyer) must request the incentive upon submission of initial offer in order to be eligible.
  • The initial offer must be submitted on or after April 11, 2011 and close by June 30, 2011. If an initial offer was made prior to the effective date, the offer is not eligible for the incentive.
  • The sale must close on or before June 30, 2011. No exceptions will be made to this deadline.
  • Only buyers purchasing a HomePath property as their primary residence may receive up to 3.5% in closing cost assistance. Second homes and investment properties are excluded from the incentive.
  • Buyer must sign the Owner Occupant Certification Rider to the Real Estate Purchase Addendum.
  • If a buyer’s total closing costs are under 3.5%, the difference will not be available as a credit to the buyer.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

Properties with this logo are eligible for special financing that includes: Properties with this logo are eligible for special financing for light to moderate renovations and includes:
HomePath Mortgageallows a borrower to purchase a Fannie Mae-owned property with a low down payment, flexible mortgage terms, no lender-requested appraisal and no mortgage insurance.  Expanded seller contributions to closing costs are allowed.Benefits to You, the Borrower

  • Low down payment and flexible mortgage terms (fixed–rate, adjustable rate, or interest–only).
  • Down payment (at least 3 percent) can be funded by the borrower’s own savings; a gift; a grant; or a loan from a nonprofit organization, state or local government, or employer.
  • No lender-requested appraisal.
  • No mortgage insurance; ask your lender for cost details on loans without mortgage insurance.
  • Expanded seller contributions for closing costs allowed.
  • Available for primary residences, second homes and investment properties.
  • Many condo project requirements are waived; ask your lender for details.
  • For more information, contact a HomePath Mortgage lender or click here for the Home Buyers Guide.
HomePath Renovation Mortgageallows a borrower to purchase a property that requires light to moderate renovation. The one loan amount includes both the funds for the purchase and renovation – up to 35% of the as completed value, no more than $35,000.Benefits to You, the Borrower

  • Low down payment and flexible mortgage terms (fixed- rate or adjustable-rate).
  • Down payment (at least 3 percent) can be funded by the borrower’s own savings; a gift; a grant; or a loan from a nonprofit organization, state or local government, or employer.
  • Renovation amount based on appraisal “as completed” value.
  • No mortgage insurance; ask your lender for cost details on loans without mortgage insurance.
  • Expanded seller contributions for closing costs allowed.
  • Available for primary residences, second homes, and investment properties.
  • Many condo project requirements are waived; ask your lender for details.
  • For more information about the renovation process, contact a HomePath Renovation Mortgage lender.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

ACTIVE REAL ESTATE FORECLOSURES FOR SALE WITH FHA FINANCING IN BIRMINGHAM AL-05/26/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL-05/25/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL-05/25/2011

Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL-05/25/2011 list has  been
posted

http://bhammls.net/BAARReports/ListitLib/show_report.aspx?ID=7015660733

These  are Single Family Homes ‘Active’ on the Birmingham MLS. These homes

are  ripe for the picking. Don’t Let them pass you by. ACT NOW!!

I hope you have an awesome day, packed with smiles.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN YOUR AREA

How to Lower Your Property Taxes

Home values are down 30 percent from their peak. And they could drop another 7-9 percent this year. Yet property taxes keep going up! Take action and get yours lowered in five easy steps:

Know the process

When it comes to assessments, every town is different. First stop: your local assessor’s office. Find out how they go about assessing properties, what forms you need to file and when the deadlines are for filing that appeal. You typically have 60 days or less from the time your annual assessment was mailed to lodge your appeal.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

Get a property card

While at the town hall, get a copy of your property card. This contains all the info the assessor used in determining your home’s assessed value — home’s square footage, the number of bedrooms and bathrooms, and features such as a garage or finished basement.

Know the neighborhood

Here, we’re talking comps. You need to know what comparable homes have recently sold for. Comparable in terms of size, location, amenities and more. This is where Zillow comes in handy. Find at least 3-5 properties that are comparable to yours, and if you discover that yours is valued at least 5-10 percent higher, then you likely have a case.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

Make your case

If you have evidence that your home is over assessed — and the National Taxpayers Union estimates that as many as 60 percent of properties are — ask that it be re-assessed. Are there mistakes on your property card? For example, are there math errors? Is your home classified as “commercial” even though it’s “residential”? Mistakes as these are common (the inaccuracy rates on these cards is between 30-50 percent, according to the NTU). They can be corrected on the spot and you can avoid a formal hearing altogether.

File an appeal

More than a simple math mistake? Think you have a legitimate case? Then file an appeal. While the rules for appeals vary from place to place, most appeals are submitted in written form to county boards with a statement explaining why you feel the evaluation is inaccurate. Support this claim with evidence (property cards and photos can be useful if comparing the condition of your home to others), and succinctly make your case, with your eye on the prize: one in three challenges results in a tax reduction and the average tax savings is $200-$5,000 a year, according to the NTU.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL-05/25/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL -05/24/2011

ACTIVE REAL ESTATE  FORECLOSURES FOR SALE IN BIRMINGHAM AL -05/24/2011

Your FREE ACTIVE REAL ESTATE  FORECLOSURES FOR SALE IN BIRMINGHAM AL – 05/24/2011 list has  been
posted

http://bhammls.net/BAARReports/ListitLib/show_report.aspx?ID=7015650167
These  are Single Family Homes ‘Active’ on the Birmingham MLS. These homes

are  ripe for the picking. Don’t Let them pass you by. ACT NOW!!

I hope you have an awesome day, packed with smiles.

ACTIVE REAL ESTATE  FORECLOSURES FOR SALE  IN YOUR AREA

Sales of new, single-family homes      saw a monthly rise in April, the U.S. Census Bureau and Department of Housing and Urban Development reported today.

New-home sales increased an estimated 7.3 percent last month from March, to a seasonally adjusted annual rate of 323,000. That’s 29.2 percent above the rate in February, when such sales hit an all-time low. Nevertheless, sales fell an estimated 23.1 percent last month compared to April 2010.

The South saw the bulk of sales (52 percent), followed by the West (26 percent), the Midwest (13.3 percent), and the Northeast (8.7 percent).

The median sales price of new homes rose 4.6 percent year-over-year in April, to $217,900.

Unsold inventory of new homes stood at seasonally adjusted estimate of  175,000 at the end of last month — a 6.5-month supply at the current sales pace.
For those homebuyers, real estate professionals and others who are particularly worried about gas prices, a commute calculator at Cost2Drive.com can help them to estimate their costs.

The site asks users where they are going and what car they drive, and calculates how much it will cost to get there, how long it will take, and how big the carbon footprint of their trip will be. For longer trips, the site also allows users to compare the costs of flying vs. driving.

 ACTIVE REAL ESTATE  FORECLOSURES FOR SALE IN BIRMINGHAM AL -05/24/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL -05/23/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL -05/23/2011

Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE  IN BIRMINGHAM AL – 05/23/2011 list has been
posted

http://bhammls.net/BAARReports/ListitLib/show_report.aspx?ID=7015627061

These are Single Family Homes ‘Active’ on the Birmingham MLS. These homes

are ripe for the picking. Don’t Let them pass you by. ACT NOW!!

I hope you have an awesome day, packed with smiles.


ACTIVE REAL ESTATEFORECLOSURES FOR SALE

Draft bill would hike
FHA loan down payments to 5%, slash loan limits

Legislation will likely draw fire from
industry groups, Senate Democrats

Republicans on the House
Financial Services Committee have drafted legislation that would raise the
minimum down payment for FHA mortgages to 5 percent, cut FHA loan limits in
most markets, and move the Agriculture Department’s rural housing program to FHA’s parent agency, HUD.

Though the draft bill has
not been introduced, titled or assigned a number, it is expected to be the main
subject of a hearing Wednesday before the Subcommittee on Insurance, Housing
and Community Opportunity, chaired by Rep. Judy Biggert, R-Ill. After that, the
bill is likely to be formally introduced and sped through subcommittee and
committee votes and head for action by the full House.

By lowering maximum FHA
loan limits in large numbers of local areas — well below even the limits that
are already scheduled to kick in Oct. 1 — the bill would squeeze down FHA loan
volume across the country, cutting a resource for some home purchasers who
can’t obtain a conventional mortgage.

ACTIVE REAL ESTATEFORECLOSURES FOR SALE

The FHA loan limit formula
would be revised to 125 percent of the median home sale price in the local
county under the bill, and the current $271,050 floor for loan limits
nationwide would disappear.

Though major housing, real
estate and lending groups had no comments pending the Wednesday hearing, they
are likely to oppose the sharp cuts in loan limits.

Mortgage industry
consultant Brian Chappelle, head of Potomac Partners in Washington, D.C., is
scheduled to testify at the hearing and told Inman News that the higher loan
ceilings are a bad idea.

Audits of FHA loan
performance, Chappelle said, repeatedly have shown that higher-balance
mortgages default and trigger claims against FHA’s insurance funds at lower
rates than smaller-balance loans.

ACTIVE REAL ESTATEFORECLOSURES FOR SALE

“FHA is essentially an
insurance company,” he said, “and you need those (higher-balance)
loans to spread the risk,” just as private sector insurers do.

The Republican bill’s call
for a 5 percent minimum down payment on FHA loans also is likely to draw
criticism from industry groups.

The National Association of
Realtors and the National Association of Home Builders have opposed such a move
in the past, arguing that there is no statistical evidence that adding 1.5
percent onto the current 3.5 percent minimum would significantly affect default
probabilities of new FHA loans.

However, the higher down
payments, along with the bill’s prohibition of financing of closing costs,
would make home purchases more difficult for substantial numbers of consumers.

ACTIVE REAL ESTATEFORECLOSURES FOR SALE

Chappelle estimates that
“40 percent of FHA borrowers would fall out” — unable to afford the
transaction — “if they go to 5 percent down.”

The bill also proposes
shifting the Agriculture Department’s rural housing program to the U.S.
Department of Housing and Urban Development.

Passage of the bill by the
full House appears to be a real possibility, as Republicans are in control on
that side of Capitol Hill.

But all bets are off in the
Senate, where Democratic support for continuing FHA’s role in the market is far
stronger, and where dramatic cuts in loan limits in places like California, New
York, Massachusetts and the East Coast’s expensive markets likely won’t fly.

Steven Roantes, REALTOR®

Keller Williams Realty

America’s Fastest Growing Real Estate Company

“Unlocking The Door To Your Real Estate

Dreams”

ACTIVE REAL ESTATE
FORECLOSURES FOR SALE
IN
BIRMINGHAM AL – 05/23/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 05/21/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 05/21/2011

Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 05/21/2011 list has been posted

http://bhammls.net/BAARReports/ListitLib/show_report.aspx?ID=7015627061
These are Single Family Homes ‘Active’ on the Birmingham MLS. These homes
are ripe for the picking. Don’t Let them pass you by. ACT NOW!!

I hope you have an awesome day, packed with smiles.

With T-minus mere hours until the
rapture comes, it’s no surprise the folks who know for a fact they’ll be left
behind are trying to figure out what to do with the earthly possessions of
those headed for heaven.

And is there any better outlet for the common man to air his
concerns than Craigslist? We thinketh not.  Check out ACTIVE REAL ESTATE
FORECLOSURES FOR SALE

A quick scan this morning turned up more than a few postings
about some prime real estate opportunities that happen to be the byproduct of
Judgment Day, especially in the realm of ACTIVE REAL ESTATE
FORECLOSURES FOR SALE

Take a link that was just covered on Curbed NY. A poor guy
who wants only to trade up in life had this to say: “As someone who will
not be saved I’m looking to make the most of my remaining time here. If you’re
someone who will be saved and you live in a higher-end apartment in one of the
more desirable neighborhoods in Brooklyn, I’d be interested in subletting until
your return.” Be sure to check out ACTIVE REAL ESTATE
FORECLOSURES FOR SALE
 for your Judgment Day Celebrations.

I hope everyone has a great weekend. I will return tomorrow,
God willing with another little tid bit of good news for everyone.

Steven Roantes, REALTOR®

Keller Williams Realty

America’s Fastest Growing Real Estate Company

“Unlocking The Door To Your Real Estate
Dreams”

ACTIVE REAL ESTATE
FORECLOSURES FOR SALE
IN BIRMINGHAM AL – 05/21/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 05/19/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 05/19/2011

Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 05/1892011 list has been posted

http://bhammls.net/BAARReports/ListitLib/show_report.aspx?ID=7015612805

These are Single Family Homes ‘Active’ on the Birmingham MLS. These homes are ripe for the picking. Dont Let them pass you by. ACT NOW!!

I hope you have an awesome day, packed with smiles.

Check This Out In The News:

Foreclosure rate retreats from record high

MBA: Improvement in performance of 2005-07 loans

By Inman News, Thursday, May 19, 2011.

Inman News™

The percentage of homeowners with mortgages who were in foreclosure or seriously delinquent fell during the first three months of the year, and improvement in the performance of loans taken out from 2005-07 suggests a sustainable trend, the Mortgage Bankers Association said today in releasing its quarterly National Delinquency Survey.

The serious delinquency rate — the percentage of loans in foreclosure or delinquent by 90 days or more — was 8.1 percent during the first quarter, down from 8.6 percent during the last three months of 2010 and 9.54 percent a year ago.

The percentage of mortgages in foreclosure was 4.52 percent, down from a record high of 4.64 percent in the fourth quarter, and the percentage of loans behind by 90 days or more dropped for the fifth consecutive quarter, to 3.58 percent.

“Of particular importance is that the drop in the percentage of loans 90 days or more past due was driven by improving numbers for loans originated between 2005 and 2007,” said MBA chief economist Jay Brinkmann, in a statement.

Those loans — originated before many lenders tightened their underwriting standards — drove the mortgage market collapse, and now represent about 31 percent of loans outstanding but 65 percent of the loans seriously delinquent.

“Given that loans originated during this period are now past the point where loans normally default, and that loans originated since then generally have better credit quality, mortgage performance should continue to improve,” Brinkmann said.

The survey covers about 88 percent of an estimated 49.7 million outstanding first mortgages. Extrapolating the survey’s serious delinquency rate to all of those loans suggests about 4 million residential mortgages were in foreclosure (2.24 million) or delinquent by more than 90 days (1.78 million) during the first quarter.

Although the owners of some of those homes may be able to get current on their loans or negotiate a short sale, recent trends suggest most will lose their homes — making them part of a “shadow inventory” of homes destined to be put up for sale by lenders as real estate owned (REO) properties.

The combined percentage of loans in foreclosure or behind by at least one payment was 12.31 percent, down from 13.6 percent during the fourth quarter. That equates to about 6.1 million loans.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

But Brinkmann said short-term delinquencies remain at pre-recession levels, and foreclosure starts marked their second-largest drop ever during the first quarter, bringing them back to the lowest level since the end of 2008.

The survey showed 1.08 percent of outstanding mortgages entered the foreclosure process during the first quarter, or roughly 536,000 loans.

Although useful for gauging trends, Brinkmann acknowledged that national delinquency statistics “are somewhat meaningless” in real estate because local market conditions determine values and people’s perception of values.

More than half of all loans in foreclosure are located in just five states: Florida, California, Illinois, New York and New Jersey.

In Florida, for example, 23 percent of loans are at least one payment behind or in foreclosure, and nearly one-fourth of all homes in foreclosure are located in the state.

Brinkmann noted that the survey showed foreclosures are still being initiated in Nevada at an annualized rate of more than 9 percent, and in Arizona the annualized rate of foreclosures started is more than 7 percent.

Although not all homes that enter the foreclosure process are ultimately repossessed by banks or sold to investors on the courthouse steps, a glut of of REO properties and short sales has depressed prices in many markets, discouraging some owners of nondistressed properties from putting them on the market.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

The California Association of Realtors today reported that distressed properties accounted for 48 percent of all home sales in the state during April, down from 51 percent in March but about the same as the 49 percent share registered a year ago.

CAR said REO properties accounted for 28 percent of sales in April, down from 31 percent in March, and that 19 percent of sales were short sales, down from 20 percent in March.

The MBA’s National Delinquency Survey also sheds some light on the impact of the robo-signing controversy, which has slowed the flow of properties through the foreclosure process. Those impacts are greatest in judicial foreclosure states, where courts are typically involved in the process.

The states with the biggest increase in the number of loans in foreclosure during the first quarter — Florida, New Jersey and Illinois — are all judicial foreclosure states, Brinkmann noted.

In states with the largest decreases in loans in foreclosure — California, Arizona and Michigan — most foreclosures are processed non-judicially.

ForeclosureRadar, which tracks foreclosure-related filings in five Western states, this week reported that foreclosure-related filings in California fell in April to lows not seen since the fall of 2008.

Notice of default filings, auction notices, bank repossessions, and sales to third parties were all down dramatically in California and Arizona, the company said. While Nevada saw declines in notices of default and auction notices, bank repossessions were largely unchanged and sales to third parties jumped.

Steven Roantes
Keller Williams Realty
America’s Fastest Growing Real Estate Co

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 05/18/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 05/18/2011

Your ACTIVE REAL ESTATE FORECLOSURES FOR SALE Daily List has been posted. These are Single Family Homes ‘Active’ on the Birmingham MLS.

http://bhammls.net/BAARReports/ListitLib/show_report.aspx?ID=7015603653

These homes are ripe for the picking. Dont Let them pass you by. ACT NOW!!  ACTIVE REAL ESTATE FORECLOSURES FOR SALE  Are on the rise and will not last long.

In other news, check this out:

http://www.kw.com/kw/pressrelease.html?pressReleaseId=222

Keller Williams Realty and Old Republic Home Protection
Align to Provide Unique Benefits to Associates’ Clients

Keller Williams Realty,  Inc. announced today that it has entered into an agreement with Old Republic
Home Protection to offer a variety of services to the company’s associates and
their clientsin order to better serve Birmingham AL Real Estate Foreclosures and Homes.

“The focus of Keller Williams Realty associates is 100%
on serving their clients’ needs, which is completely in line with Old Republic
Home Protection’s focus,” said Anthony Azar, president of strategic business
alliances at Keller Williams Realty.  “We look forward to working with a company
that has such a strong history and are thrilled to offer our offices an even
greater edge with Old Republic Home Protection’s services in this
market.” Keller Williams Realty is the 2nd largest market share holder of ACTIVE REAL ESTATE FORECLOSURES FOR SALE with over 18% of all active listings in the Birmingham MLS.

Old Republic Home Protection,
the third-largest home warranty company nationwide, has plans to assist
Keller Williams Realty associates and their clients before, during
and after the transaction offering services including:

  • Comprehensive coverage with the unique
    Platinum Plus Upgrade including:

    • Increased coverage for Modification
      costs (including code upgrades) – up to $500
    • Enhanced stoppage, plumbing and toilet
      replacement coverage
    • Stoppages caused by roots
    • HVAC and water heater system vents and
      flues
    • Knowledgeable of Birmingham AL Real Estate Foreclosures and Homes.
  • Case-by -case service claims
    management process to respond to service issues quickly and effectively.
  • Hands-on training and education classes on the benefits
    home warranties provide to the home seller, buyer and real estate
    professional.
  • Local, responsive and knowledgeable
    account executives are valuable business and solution resources for Keller
    Williams’ associates and Team Leaders.
  • Customizable Marketing Tools that help
    associates create effective marketing campaigns.

“We recognize the importance of customer retention
and growth, especially in this challenging economy,” said Lorna Mello, vice
president at Old Republic Home Protection.  “Keller Williams Realty is
experiencing outstanding growth and we are proud and honored to provide
innovative products and services as part of their strategic plan to support that
growth into the future!” This will be an awesome combination in which to serve all Residents and Owners of ACTIVE REAL ESTATE FORECLOSURES FOR SALE

I hope you have an awesome day, packed with smiles.

J Steven Roantes
Keller Williams Realty
America’s Fastest Growing Real Estate Co