ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 08/25/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL –  08/25/2011

Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL –  08/25/2011 list has  been posted.

http://bhammls.net/BAARReports/ListitLib/show_report.aspx?ID=7016408648

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 while searching for your active Birmingham AL Real Estate Dream.

The share of bank-owned homes and homes in some stage  of foreclosure dropped 5 percent from the first quarter to the second  quarter, falling from 36 percent to 31 percent, but was up from 24 percent in  second-quarter 2010, according to a report released today by foreclosure data  provider RealtyTrac.

And distressed properties are selling at a larger  discount these days, RealtyTrac reported:

  •    The average sales price of a bank-owned (also known  as real estate owned or REO) home was $145,211 in the second quarter, which was  about 40 percent below the average sales price of a nonforeclosure home. That  compares with a 36 percent discount in first-quarter 2011 and a 34 percent  discount in second-quarter 2010.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

  •    The average sales price of a preforeclosure home (preforeclosures,  which are homes in default or scheduled for sale at public auction, are often  sold in a short-sale process) was $192,129 in the second quarter, which is 21  percent below the average sales price of a nonforeclosure home. That compares with a 17 percent discount in first-quarter 2011 and a 14 percent discount in  second-quarter 2010.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

There were 162,680 sales of bank-owned homes to third  parties in the second quarter, RealtyTrac also reported, roughly flat compared with the 162,900 reported in the first quarter and down 10 percent from  second-quarter 2010. REO sales accounted for 19 percent of home sales in the  second quarter, compared with 23 percent in the first quarter and 15 percent in  second-quarter 2010.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN YOUR AREA

There were 102,407 sales of preforeclosure homes to  third parties in the second quarter of this year, up 19 percent from the first  quarter but down 12 percent compared to second-quarter 2010. These sales  accounted for 12 percent of sales in the second quarter of this year, flat with  the first quarter and up 10 percent compared to second-quarter 2010.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL- 08/25/2011

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