ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 09/27/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 09/27/2011

Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 09/27/2011 list has been posted.

CLICK HERE FOR YOUR PERSONALIZED REPORT OF ACTIVE REAL ESTATE FORECLOSURES

OR visit http://www.propertiesinbirmingham.com/search/

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

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 number of new homes available for sale nationwide dipped to 163,000 at the end of August — a new low in records dating to 1963. And the sluggish sales pace, which translated to 6.6 months of new-home inventory, could make 2011 the worst year on record for homebuilders.

Sales of new homes fell 2.3 percent from July to August to a seasonally adjusted annual rate of 295,000 per year, according to the latest numbers from the Census Bureau. Looking back a year, new-home sales were up 6.1 percent but the median price of new homes fell 7.7 percent, to $209,100. The months’ supply of new-home inventory peaked in January 2009 at 12.2 months. Although the months’ supply is now closer to the 6 months that many analysts consider to be a more healthy balance between supply and demand, there’s still no shortage of new homes at the current pace of sales, which isn’t expected to pick up any time soon.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

In a forecast issued this month, economists at Fannie Mae said they expect new-home sales will total 305,000 this year, which would be a 5.6 percent decline from 2010 and the lowest total on record. Fannie Mae projects that new-home sales will remain subdued next year, totaling 329,000, before climbing to 462,000 in 2013.

New-home sales exceeded 1 million a year from 2003 through 2006. In the last two housing downturns, new-home sales bottomed out at 509,000 in 1991 and 412,000 in 1982. The picture varies at the regional level. In the Midwest, new-home sales were up 8.2 percent from July to August, and up 65.6 percent from a year ago. In the Northeast, new-home sales fell 13.6 percent from July to August and 36.7 percent from a year ago.

While new-home sales in the South were down 2.4 percent from July to August, they were up 9.3 percent from a year ago. In the West, new-home sales were off 6.3 percent from July to August and down 10.6 percent from a year ago.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL- 09/27/2011
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ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL- 09/27/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 09/27/2011

Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 09/27/2011 list has been posted.

CLICK HERE FOR YOUR PERSONALIZED REPORT OF ACTIVE REAL ESTATE FORECLOSURES

OR visit http://www.propertiesinbirmingham.com/search/

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

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 number of new homes available for sale nationwide dipped to 163,000 at the end of August — a new low in records dating to 1963. And the sluggish sales pace, which translated to 6.6 months of new-home inventory, could make 2011 the worst year on record for homebuilders.

Sales of new homes fell 2.3 percent from July to August to a seasonally adjusted annual rate of 295,000 per year, according to the latest numbers from the Census Bureau. Looking back a year, new-home sales were up 6.1 percent but the median price of new homes fell 7.7 percent, to $209,100. The months’ supply of new-home inventory peaked in January 2009 at 12.2 months. Although the months’ supply is now closer to the 6 months that many analysts consider to be a more  healthy balance between supply and demand, there’s still no shortage of new homes at the current pace of  sales, which isn’t expected to pick up any time soon.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

In a forecast issued this month, economists at Fannie Mae said they expect new-home sales will total 305,000 this year, which would be a 5.6 percent decline from 2010 and the lowest total on record. Fannie Mae projects that new-home sales will remain subdued next year, totaling 329,000, before climbing to 462,000 in 2013.

New-home sales exceeded 1 million a year from 2003 through 2006. In the last two housing downturns, new-home sales bottomed out at 509,000 in 1991 and 412,000 in 1982. The picture varies at the regional level. In the Midwest, new-home sales were up 8.2 percent from July to August, and up 65.6 percent from a year ago. In the Northeast, new-home sales fell 13.6 percent from July to August and 36.7 percent from a year ago.

While new-home sales in the South were down 2.4 percent from July to August, they were up 9.3 percent from a year ago. In the West, new-home sales were off 6.3 percent from July to August and down 10.6 percent from a year ago.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL- 09/27/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL- 09/26/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 09/26/2011

Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 09/26/2011 list has been posted.

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OR visit http://www.propertiesinbirmingham.com/search/

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

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.

Foreclosure filings rose in August, as more homebuyers fell behind on their mortgage payments.

Filings were up 7% compared to July, but were still 33% lower than they were a year ago — marking the eleventh straight month of year-over-year declines, according to RealtyTrac, a leading online marketer of foreclosed properties.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

According to the report, 228,098 homes in the U.S. received some kind of foreclosure filing in August. Default notices, which typically initiate the foreclosure process, surged more 33% from July. Foreclosure auctions and bank repossessions, which come later in the process, both fell slightly.

The increase in default notices may signal that lenders are starting to finally push through foreclosure paperwork that was previously delayed by the “robo-signing” controversy last fall, said RealtyTrac CEO James Saccacio.

“It also foreshadows more bank repossessions in the coming months as these new foreclosures make their way through the process,” he said in a release. The good news is that bank repossessions have been falling. Lenders repossessed 64,813 homes in August, a six-month low and a 37% decline after bank repossessions hit a peak in September last year.

Meanwhile, foreclosure auctions were scheduled for 84,405 homes, the lowest number in more than three years. Not surprisingly, Nevada, California and Arizona housing markets continued to be the hardest hit by foreclosures.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL- 09/26/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 09/23/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 09/23/2011

Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 09/23/2011 list has been posted.

CLICK HERE FOR YOUR PERSONALIZED REPORT OF ACTIVE REAL ESTATE FORECLOSURES

OR visit http://www.propertiesinbirmingham.com/search/

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

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.

Foreclosure filings rose in August, as more homebuyers fell behind on their mortgage payments.

Filings were up 7% compared to July, but were still 33% lower than they were a year ago — marking the eleventh straight month of year-over-year declines, according to RealtyTrac, a leading online marketer of foreclosed properties.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

According to the report, 228,098 homes in the U.S. received some kind of foreclosure filing in August. Default notices, which typically initiate the foreclosure process, surged more 33% from July. Foreclosure auctions and bank repossessions, which come later in the process, both fell slightly.

The increase in default notices may signal that lenders are starting to finally push through foreclosure paperwork that was previously delayed by the “robo-signing” controversy last fall, said RealtyTrac CEO James Saccacio.

“It also foreshadows more bank repossessions in the coming months as these new foreclosures make their way through the process,” he said in a release. The good news is that bank repossessions have been falling. Lenders repossessed 64,813 homes in August, a six-month low and a 37% decline after bank repossessions hit a peak in September last year.

Meanwhile, foreclosure auctions were scheduled for 84,405 homes, the lowest number in more than three years. Not surprisingly, Nevada, California and Arizona housing markets continued to be the hardest hit by foreclosures.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL- 09/23/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 09/22/2011 – EVENING EDITION

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 09/22/2011 – EVENING EDITION

Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 09/22/2011- EVENING EDITION list has been posted.

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OR visit http://www.propertiesinbirmingham.com/search/

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

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.

Lenders have always viewed real estate investors with a wary eye. It seems all investors are grouped into flip-and-run speculators with little skin in the game, no plan for maintenance and repair, and yet huge expectations for short-term profits.

Lenders even raise interest rates on investment properties, feeling their risk in the deal should be greater than an owner-occupied property. Because the owner does not live there, it’s logical to assume the property will receive less care and attention.

Now, the situation apparently has changed — at least for investors who want to buy groups of foreclosed properties. In fact, they might even be viewed as saviors.

Recently, the Federal Housing Finance Agency (FHFA), the U.S. Treasury Department and the Department of Housing and Urban Development (HUD) announced they would seek new options for selling single-family real estate owned (REO) properties held by Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA).

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

“While the enterprises (Fannie and Freddie) will continue to market individual REO properties for sale, FHFA and the enterprises seek input on possible pooling of REO properties in situations where such pooling, combined with private management, may reduce enterprise credit losses and help stabilize neighborhoods and home values,” said Edward J. DeMarco, FHFA acting director.

“Partnerships involving enterprise properties may reduce taxpayer losses and meet the enterprises’ responsibility to bring stability and liquidity to housing markets. We seek input on these important questions.”

For years, at least one investor group has encouraged Fannie and Freddie to allocate funds for the rehabilitation of their foreclosed properties, then set aside another pot of cash to help subsidize the financing. That way, they could self-finance their newly refurbished inventory with low down payments, reduced closing costs and quick turn-around times while removing troubled assets.

That didn’t happen. Now, these government-sponsored entities have less cash and a massive REO portfolio.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL- 09/22/2011- EVENING EDITION

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 09/22/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 09/22/2011

Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 09/22/2011 list has been posted.

CLICK HERE FOR YOUR PERSONALIZED REPORT OF ACTIVE REAL ESTATE FORECLOSURES

OR visit http://www.propertiesinbirmingham.com/search/

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

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.

Lenders have always viewed real estate investors with a wary  eye. It seems all investors are grouped into flip-and-run speculators with  little skin in the game, no plan for maintenance and repair, and yet huge  expectations for short-term profits.

Lenders even raise interest rates on investment properties,  feeling their risk in the deal should be greater than an owner-occupied  property. Because the owner does not live there, it’s logical to assume the  property will receive less care and attention.

Now, the situation apparently has changed — at least for  investors who want to buy groups of foreclosed properties. In fact, they might  even be viewed as saviors.

Recently, the Federal Housing Finance Agency (FHFA), the  U.S. Treasury Department and the Department of Housing and Urban  Development (HUD) announced they would seek new options for selling  single-family real estate owned (REO) properties held by Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA).

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

“While the enterprises (Fannie and Freddie) will  continue to market individual REO properties for sale, FHFA and the enterprises  seek input on possible pooling of REO properties in situations where such  pooling, combined with private management, may reduce enterprise credit losses  and help stabilize neighborhoods and home values,” said Edward J. DeMarco,  FHFA acting director.

“Partnerships involving enterprise properties may  reduce taxpayer losses and meet the enterprises’ responsibility to bring  stability and liquidity to housing markets. We seek input on these important  questions.”

For years, at least one investor group has encouraged Fannie  and Freddie to allocate funds for the rehabilitation of their foreclosed  properties, then set aside another pot of cash to help subsidize the financing.  That way, they could self-finance their newly refurbished inventory with low  down payments, reduced closing costs and quick turn-around times while removing  troubled assets.

That didn’t happen. Now, these government-sponsored entities  have less cash and a massive REO portfolio.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL- 09/22/2011

$74900 – BIRMINGHAM, AL – 3 Bed 1 Bath Home – 205 CAROL DR – BIRMINGHAM, AL 35215

$74900 – BIRMINGHAM, AL  – 3 Bed 1 Bath Home – 205 CAROL DR – BIRMINGHAM, AL 35215

This charming 3 Bedroom 1 Bath home is perfectly situated in one of the most tranquil suburban subdivisions that Greater Birmingham has to offer. From the flowing Family/Dining Room to the kitchen loaded with storage capacity and functionality conveniences, this home IS YOUR DREAM COME TRUE. The Garage Area offers a standalone Utility Room adjacent to an expansive outside deck. There is a Children’s Play-Set outback with a fenced in area for FIDO’s enjoyment. The Seller is willing to pay Closing Costs for a Buyer with a Qualified Offer.

Full Details

http://www.propertiesinbirmingham.com/listing/mlsid/21/propertyid/511725/syndicated/1/cgltguid/B89A4914-A801-40B8-9044-1D7428E88980/?ts=crg

Listing Courtesy of Steven Roantes, Keller Williams Metro South

$74900 – BIRMINGHAM, AL  – 3 Bed 1 Bath Home – 205 CAROL DR – BIRMINGHAM, AL 35215

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL- 09/21/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL –  09/21/2011

Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL –  09/21/2011 list has  been posted.

CLICK HERE FOR YOUR PERSONALIZED REPORT OF ACTIVE REAL ESTATE FORECLOSURES

OR  visit http://www.propertiesinbirmingham.com/search/

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

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.

High energy prices are taking their toll on just about  everyone this year, so it’s important to do whatever you can to create and  maintain an energy-efficient home. Fall is the ideal time for weatherization  projects, so this year’s fall checklist is centered around what you can do to  create a warmer home that has less impact on your wallet.
___Check all  insulation levels: Improving insulation levels can be a highly effective way  of increasing your home’s comfort and energy efficiency, so make it a point  this fall to check the amount and condition of all visible insulation.

___Seal exterior  penetrations: Weatherstripping is not the only culprit when it comes to air  leaks.

___Add outlet gaskets:  Shut the power, remove switch and outlet plates, and add precut foam outlet  gaskets, which are available from home centers, hardware stores and other  retailers.

___Change furnace  filters: Fall is always the perfect time to put in new furnace filters.

___Upgrade your  thermostat: An older thermostat that’s a couple of degrees off can result  in a lot of wasted energy.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

___Clean and service  fireplaces and woodstoves: Make sure that your gas, wood, and  pellet-burning fireplaces and stoves are clean and operating correctly.

___Install a carbon  monoxide detector: If you have any gas appliances in your home, there is  always the possibility of carbon monoxide poisoning should any of them ever  malfunction.

___Check smoke detectors:  Same warning every fall — check to see that your smoke detectors are operating  correctly.

___Check and seal  heating ducts: Crawling around in the attic or crawlspace is the only way to examine and repair your  heating ducts.

___Check  weatherstripping: Gaps around doors and windows — no matter how small or  seemingly insignificant — allow cold outside air to enter your home.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 09/20/2011 PM EDITION

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL –  09/20/2011 PM EDITION

Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL –  09/20/2011 list has  been posted.

CLICK HERE FOR YOUR PERSONALIZED REPORT OF ACTIVE REAL ESTATE FORECLOSURES

OR  visit http://www.propertiesinbirmingham.com/search/

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

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.

More than half of renters who wish to buy a home say the biggest  imediment is saving enough for a down payment, according to the latest  American Dream survey from real estate search and marketing site Trulia  released today.

Market research firm Harris Interactive  conducted the biannual online survey for the company between Aug. 30,  2011, and Sept. 1, 2011. The survey included  1,392  homeowners and 758  renters.

The majority, 70 percent, of respondents said owning a  home is part of their American dream, unchanged from the last survey in  January. This attitude toward homeownership rose with age, from 65  percent of 18- to 34-year-olds to 76 percent of those 55 and older.

Among  current homeowners, 80 percent said they plan to buy another home in  the future and 57 percent said owning a home is among the best long-term  investments they could make, Trulia said.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

Among renters, 59  percent said they aspired to own a home, but of those, 51 percent said  saving enough for a down payment was their biggest obstacle to  homeownership at this time.

Buying real estate continues to be cheaper than renting in the vast majority of major U.S. cities, according to a quarterly rent vs. buy index from real estate search and marketing site Trulia.

The index compared the median list price and the median annualized rent on a two-bedroom apartment, condominium or townhouse in the country’s 50 most populous cities. According to the index, the cost of buying was less than renting in 37 of the 50 cities (74 percent) as of July 1, 2011. About the same share, 78 percent, favored buying over renting in Trulia’s last index report, released in April.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL- 09/20/2011 PM EDITION

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 09/20/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL –  09/20/2011

Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL –  09/20/2011 list has  been posted.

CLICK HERE FOR YOUR PERSONALIZED REPORT OF ACTIVE REAL ESTATE FORECLOSURES

OR  visit http://www.propertiesinbirmingham.com/search/

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

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.

There can be serious consequences if you back out of a home  purchase transaction. Your deposit could be at risk, or you could find yourself  involved in a legal action if you withdraw for a reason that’s not included in  the contract. Before backing out, ask yourself why you don’t want to move  forward.

Do you have buyer’s remorse? This is a common malady that  hits most buyers at some time during their purchase. After making the  commitment, the buyers have second thoughts. This aliment rarely lasts long and  usually disappears on its own. So, don’t pull the plug on the deal until you’ve  sorted through your feelings. Buying a home is unlike most business  transactions. It’s not just about numbers; emotions are involved.

Sometimes buyers want out of the deal because they don’t  trust that their agent is working on their behalf. In this case, the first step  should be to have a candid talk with the agent. If that doesn’t improve the  situation, talk to your agent’s manager to see if you can work with another  agent in the office who will better serve your needs.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

Backing out because you don’t see eye to eye with your agent  usually isn’t deemed a legitimate reason for canceling a contract. However, if  your agent acts contrary to your best interest, such as removing a contingency  from a contract when you specifically told your agent not to remove the  contingency unless other conditions were met by the seller, you should seek the  advice of a knowledgeable real estate attorney.

Real estate agents or brokers who aren’t attorneys cannot  give legal advice. Some agents do, particularly if they see that they might  have liability, but they are practicing law without a license.