ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 11/30/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 11/29/2011

Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 11/29/2011 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.

New-home sales edged slightly higher last month, as more Americans hunted for bargains in the struggling housing market. The Census Bureau reported an annual sales rate of 307,000 new homes last month, up 1.3% from a downwardly revised rate of 303,000 homes in September. Compared to new home sales a year ago, October sales were up 8.9%.

The 307,000 rate fell just short of expectations. Economists had forecast a sales rate of 312,000 new homes, according to consensus estimates from Briefing.com. While the higher rate in October indicated that consumers are chipping away at the huge inventory of homes on the market, there’s still a long way to go. There were about 162,000 new homes on the market by the end of October. That represented a 6.3-month supply at the current rate of sale. The median sale price was $212,300.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

Last week, a separate report showed that more house-hunters are also eyeing previously owned homes. Sales of existing homes rose 1.4% in October, slightly more than economists had expected, according to the report.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

At the same time, an increasing number of homebuilders are making plans to build houses and breaking ground on new construction, with building permits and housing starts climbing in October, according to a report released earlier this month.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

Continued gains in home sales have lightened up the inventory of homes on the market, the report showed. Total housing inventory at the end of October slipped 2.2% to 3.33 million existing homes for sale, representing an 8-month supply at the current sales pace. That’s down from an 8.3-month supply in September, and continues an ongoing downward trend since hitting a record high of 4.58 million in July 2008.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

Foreclosures and short sales dropped to 28% of sales in October, down from 30% in September. Even as the stockpile of homes on the market eases, housing prices are continuing to dip. The median price for an existing home was $162,500 in October, 4.7% lower than a year ago.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL- 11/29/2011

Advertisements

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 11/29/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 11/29/2011

Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 11/29/2011 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.

New-home sales edged slightly higher last month, as more Americans hunted for bargains in the struggling housing market. The Census Bureau reported an annual sales rate of 307,000 new homes last month, up 1.3% from a downwardly revised rate of 303,000 homes in September. Compared to new home sales a year ago, October sales were up 8.9%.

The 307,000 rate fell just short of expectations. Economists had forecast a sales rate of 312,000 new homes, according to consensus estimates from Briefing.com. While the higher rate in October indicated that consumers are chipping away at the huge inventory of homes on the market, there’s still a long way to go. There were about 162,000 new homes on the market by the end of October. That represented a 6.3-month supply at the current rate of sale. The median sale price was $212,300.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

Last week, a separate report showed that more house-hunters are also eyeing previously owned homes. Sales of existing homes rose 1.4% in October, slightly more than economists had expected, according to the report.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

At the same time, an increasing number of homebuilders are making plans to build houses and breaking ground on new construction, with building permits and housing starts climbing in October, according to a report released earlier this month.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

Continued gains in home sales have lightened up the inventory of homes on the market, the report showed. Total housing inventory at the end of October slipped 2.2% to 3.33 million existing homes for sale, representing an 8-month supply at the current sales pace. That’s down from an 8.3-month supply in September, and continues an ongoing downward trend since hitting a record high of 4.58 million in July 2008.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

Foreclosures and short sales dropped to 28% of sales in October, down from 30% in September. Even as the stockpile of homes on the market eases, housing prices are continuing to dip. The median price for an existing home was $162,500 in October, 4.7% lower than a year ago.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL- 11/29/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 11/28/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 11/28/2011

Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 11/28/2011 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.

A weekly survey of lenders by Freddie Mac showed mortgage rates at or near record lows for a fourth consecutive week amid growing expectations that Europe is headed for a recession that will slow U.S. growth. A separate survey by the Mortgage Bankers Association showed applications for purchase loans jumped to the highest level since August, but demand remained below levels seen at the same time last year.

Freddie Mac’s Primary Mortgage Market Survey showed rates for 30-year fixed-rate mortgages averaged 3.98 percent with an average 0.7 point for the week ending Nov. 23, down from 4 percent last week and 4.4 percent a year ago. Rates on 30-year fixed-rate loans hit a 2011 high of 5.05 percent in February, before plummeting to an all-time low in records dating to 1971 of 3.94 percent during the week ending Oct. 6.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

Rates on 15-year fixed-rate mortgages averaged 3.3 percent with an average 0.7 point, down from 3.31 percent last week and 3.77 percent a year ago. The 15-year loan, a popular refinancing option, reached a 2011 high of 4.29 percent in February, before falling to an all-time low in records dating to 1991 of 3.26 percent in October.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

The U.S. remains vulnerable to shocks, including the ongoing financial crisis in Europe and the debate over fiscal policy in the U.S., Fannie Mae said in releasing the forecast. It “appears likely” that Europe will slip into a recession, Fannie Mae economists said, which will weigh on U.S. growth in 2012. In the U.S., recent economic, employment and housing indicators have been in positive territory, and there’s been no slide back into U.S. recession.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

“Despite a small numerical pickup in housing activity, the housing market continues to be essentially flat and we do not expect the recent uptick to be a sustained trend,” said Fannie Mae chief economist Doug Duncan in a statement.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL- 11/28/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL- 11/23/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 11/23/2011

Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 11/23/2011 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.

There are several tax credits and deductions set to expire at the end of the year, and given the federal deficit problem, there’s a good chance they won’t be extended.

If you itemize  deductions, you may deduct the premiums you pay for mortgage insurance,  just like you do mortgage interest. To qualify for the full  deduction, a couple or a single taxpayer must have an adjusted gross income of  $100,000 or less.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

A deduction of up to  $4,000 for qualified education expenses is available for 2011. All or  part of the amount you pay can be for classes beginning in 2012. But you  must make your payments during 2011, because the deduction expires at  the end of the year. This deduction is not available if your modified  adjusted gross income is more than $80,000 ($160,000 if filing a joint  return). Nor is it available if any of education tax credits are  claimed.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

Any homeowner may qualify for an energy credit of up to $500. You can qualify for the credit if you purchase during 2011 solar panels to generate electricity or for water heating, or install wind energy equipment, a geothermal heat pump, or certain types of fuel cells to generate electricity. The credit is up to 30 percent of the amount you spend, up to the $500 limit.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

If you itemize, you can deduct either your state and local taxes or your sales taxes paid during the year. This deduction is a boon for people who live in states with no or low income taxes. However, the deduction for sales and use taxes instead of state income taxes is scheduled to expire at the end of 2011.

A tax credit for adoption expenses has been  available for many years. However, an enhanced adoption credit is  available for adoptions finalized before 2012. The credit is up to  $13,360 of adoption expenses. For 2011, this is a nonrefundable credit,  meaning you qualify for it even if it exceeds the amount of your 2011  tax liability. This means that you could qualify for a tax refund even  if you did not have federal income tax withheld.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL- 11/23/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 11/21/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 11/21/2011

Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 11/21/2011 PM VERSION 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.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

Lawmakers have voted to restore loan limits for the Federal Housing Administration to pre-Oct. 1 levels, but the reprieve won’t apply to Fannie Mae and Fannie Mac. House and Senate leaders signed off Monday on a conference report for a “minibus” appropriations bill that included language restoring FHA’s ability to insure loans of up to $729,750 in high cost markets through 2013.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

Because the minibus appropriations package also contains a continuing resolution to avoid a government shutdown and continue federal operations until Dec. 16 — or until Congress completes nine remaining appropriations bills — lawmakers didn’t dally in approving it. The House approved the bill today in a 298-121 vote, and it sailed through the Senate 70-30. The ceiling on so-called jumbo conforming loans — raised in 2008 after the collapse of secondary markets for loans that don’t lack government backing — dropped, as scheduled, to $625,500 last month.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

The formula for determining the jumbo conforming loan limit within that ceiling in high cost housing markets, which for much of the last four years has been 125 percent of median home price, was also trimmed back to 115 percent of median home price. Last month, Senate lawmakers approved an amendment to the same spending bill approved today that would have restored through 2013 the $729,750 ceiling and 125 percent formula in high cost markets for FHA, Fannie Mae and Freddie Mac. But there were doubts that the proposal would fly in the Republican-controlled House.

The compromise plan hammered out Monday by a Conference Committee excluded Fannie and Freddie. A summary of the “minibus” bill issued by House Appropriations Committee Chairman Hal Rogers, R-Kentucky, said the bill does not increase the limits for Fannie and Freddie, which have been “under public scrutiny for their questionable businesses practices and use of billions in federal bailout funds, some of which have been used for extravagant management bonuses.”

FHA, the summary said, “is subject to greater congressional scrutiny and oversight.” FHA expects claims on defaulted mortgages to climb to new peaks during the next two years, but is unlikely to require a taxpayer bailout unless there’s another recession, according to assessments by independent actuaries.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL- 11/21/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL- 11/17/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 11/17/2011

Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 11/17/2011 PM VERSION 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.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

Mortgage rates were little changed this week, with rates on 30-year fixed-rate mortgages at or near 4 percent for the third week in a row, Freddie Mac said in releasing the results of its weekly Primary Mortgage Market Survey.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

Rates on 30-year fixed-rate mortgages averaged 4 percent with an average 0.7 point for the week ending Nov. 17, essentially unchanged from 3.99 percent last week and close to the all-time low in records dating to 1971 of 3.94 percent seen during the week ending Oct. 6. At this time a year ago, rates on 30-year fixed-rate mortgages averaged 4.39 percent before climbing to a 2011 high of 5.05 percent in February.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

Rates on 15-year fixed-rate mortgages averaged 3.31 percent with an average 0.7 point, little changed from 3.3 percent last week and close to an all-time low in records dating to 1991 of 3.26 percent seen during the first week of October. At this time a year ago, 15-year fixed-rate mortgages averaged 3.76 percent, before climbing to a 2011 high of 4.29 percent in February.

For five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) loans, rates averaged 2.97 percent with an average 0.6 point, down imperceptibly from 2.98 percent from last week and a hair above the all-time low in records dating to 2005 of 2.96 percent last seen during the week ending Nov. 3. At this time a year ago, rates on five-year ARMs were averaging 3.4 percent, before climbing to a 2011 high of 3.92 percent in February.

Among homebuyers, 85.5 percent sought 30-year fixed-rate loans, 6.9 percent sought 15-year fixed-rate loans, and 5.9 percent applied for ARM loans. That was the lowest ARM share for purchase loans since the MBA’s Weekly Mortgage Applications Survey was rebenchmarked in January.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL- 11/17/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 11/16/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 11/16/2011

Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 11/16/2011 PM VERSION 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.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

Mortgage rates were little changed this week amid mixed economic reports, Freddie Mac said in releasing the results of its weekly survey of lenders. A separate survey by the Mortgage Bankers Association showed demand for both purchase mortgages and refinancings jumped last week, with many homeowners moving into 15-year loans as rates stayed near historic lows.

Freddie Mac’s Primary Mortgage Market Survey showed rates on 30-year fixed-rate mortgages averaging 3.99 percent with an average 0.7 point for the week ending Nov. 10. That’s essentially unchanged from last week’s average of 4 percent, and not far above the all-time low in records dating to 1971 of 3.94 percent seen during the week ending Oct. 6. At this time a year ago, rates on 30-year fixed-rate mortgages averaged 4.17 percent before climbing to a 2011 high of 5.05 percent in February.

Rate on 15-year fixed-rate mortgages averaged 3.3 percent this week with an average 0.8 point, about the same as last week’s average of 3.31 percent and only slightly higher than the all-time low in records dating to 1991 of 3.26 percent during the first week of October. At this time a year ago, 15-year fixed-rate mortgages averaged 3.57 percent, before climbing to a 2011 high of 4.29 percent in February.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

Looking back a week, a separate survey by the Mortgage Bankers Association showed demand for purchase mortgages jumped a seasonally adjusted 4.8 percent during the week ending Nov. 4 from the week before. Demand for purchase loans was at its highest level since August, but down 2.5 percent from the same time a year ago.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

Applications for refinancings were up 12.1 percent from the previous week, accounting for 78.6 percent of all mortgage applications. Only 5.8 percent of borrowers applying for mortgages last week were seeking ARM loans, the MBA survey showed. Fannie Mae economists said in an Oct. 17 forecast that they expect rates on 30-year fixed-rate mortgage loans to average 4 percent next year and 4.2 percent in 2013.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL- 11/15/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 11/14/2011 PM VERSION

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 11/14/2011 PM VERSION

Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 11/14/2011 PM VERSION 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.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

U.S. Bankruptcy Judge Thomas Bennett didn’t have much to decide at today’s largely procedural and technical hearing on Jefferson County’s $4.2 billion Chapter 9 filing.

But he did lay down the law on the work schedule he will expect lawyers to
keep in dealing with the largest municipal bankruptcy in U.S. history.
And they aren’t country club hours. Bennett told lawyers at the
hearing that he is known for pushing cases along, and that might include
working on Thanksgiving, Christmas Eve and on weekends. He shared his
views as he and the lawyers in the case were attempting to schedule
upcoming hearings. One of them mentioned the looming winter holidays.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

“The idea of the holidays necessitating anything is wrong,” Bennett rebuked
the lawyer. “You should expect to have a full-time job ahead of you.” Not much happened at the hearing of consequence to the public. As the
petitioners for bankruptcy, Jefferson County’s lawyers had to offer
stacks of documents proposing exactly how the case will go forward —
when certain matters of law will be argued, how documents will be
submitted, and by when certain documents have to be filed with the
court.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

“This will be a large and unruly case,” said Patrick Darby, Jefferson County’s lead attorney, with the Birmingham firm Bradley Arant Boult Cummings. The 10 a.m. hearing was adjourned about an hour after it started.

Jefferson County, facing $4.23 billion in debt and running short of
cash, gave up last Wednesday on reaching a deal with its creditors and
immediately filed the largest government bankruptcy in U.S. history. The 4-1 vote to seek protection under Chapter 9 of the U.S. Bankruptcy
Code came on the 365th day since the current commission took office.
That year was dominated by sometimes frantic negotiations with Wall
Street banks that over the past decade loaned and refinanced more debt
than the county had the ability to repay.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL- 11/14/2011 PM VERSION

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL- 11/14/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 11/14/2011

Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 11/14/2011 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.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

U.S. Bankruptcy Judge Thomas Bennett didn’t have much to decide at today’s largely procedural and technical hearing on Jefferson County’s $4.2 billion Chapter 9 filing.

But he did lay down the law on the work schedule he will expect lawyers to
keep in dealing with the largest municipal bankruptcy in U.S. history.
And they aren’t country club hours. Bennett told lawyers at the
hearing that he is known for pushing cases along, and that might include
working on Thanksgiving, Christmas Eve and on weekends. He shared his
views as he and the lawyers in the case were attempting to schedule
upcoming hearings. One of them mentioned the looming winter holidays.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

“The idea of the holidays necessitating anything is wrong,” Bennett rebuked
the lawyer. “You should expect to have a full-time job ahead of you.” Not much happened at the hearing of consequence to the public. As the
petitioners for bankruptcy, Jefferson County’s lawyers had to offer
stacks of documents proposing exactly how the case will go forward —
when certain matters of law will be argued, how documents will be
submitted, and by when certain documents have to be filed with the
court.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

“This will be a large and unruly case,” said Patrick Darby, Jefferson County’s lead attorney, with the Birmingham firm Bradley Arant Boult Cummings. The 10 a.m. hearing was adjourned about an hour after it started.

Jefferson County, facing $4.23 billion in debt and running short of
cash, gave up last Wednesday on reaching a deal with its creditors and
immediately filed the largest government bankruptcy in U.S. history. The 4-1 vote to seek protection under Chapter 9 of the U.S. Bankruptcy
Code came on the 365th day since the current commission took office.
That year was dominated by sometimes frantic negotiations with Wall
Street banks that over the past decade loaned and refinanced more debt
than the county had the ability to repay.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL- 11/14/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 11/10/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 11/10/2011

Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 11/10/2011 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.

Home prices continued a winning streak in August, the fifth straight month of price gains, but remain lower on a year-over-year basis. A gauge of home prices featuring 20 major cities, the S&P/Case Shiller index, reported Tuesday that prices rose 0.2% in August but were still down 3.8% year over year. “Even though the [year-over-year] rates are improving, national home prices are still below where they were a year ago,” said David Blitzer, a spokesman for S&P. Overall, the market is treading water and there doesn’t seem to be any reason to suspect that’s going to change soon.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

“As long as the economy remains weak, foreclosures are still a problem and lending standards stay stringent, we’re not going to see much movement in home prices,” said Mike Larson, a real estate analyst for Weiss Research. “You just haven’t gotten yet the rocket fuel needed to send housing soaring again,” he said. Among individual metro areas, Washington saw the biggest gain — 1.6% in August. Detroit and Chicago were close behind at 1.4%. In the past 12 months, Washington prices have gone up 0.3%. In Detroit prices were up 2.4% since August 2010, more than any other area. The Atlanta metro area recorded the steepest decline, down 2.4% for the month. Year-over-year prices were off 6.3%. Minneapolis home prices recorded the worst 12-month drop of 8.5%.

The home price report comes on the heels of changes in the Home Affordable Refinance Program (HARP) announced Monday by the Obama administration. The changes will enable many homeowners to refinance high-interest mortgages more easily, making their monthly payments more affordable. The plan should enable some to avoid default. Ed Mermelstein, a New York-based real estate attorney, broker and developer, doubts that the HARP changes will have much impact on home prices or sales.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

“The economy and jobs have to come back. That’s what’s going to help the housing market,” he said. Larson pointed out that even if they work as planned, HARP’s main focus is helping existing homeowners stay in their homes; it won’t spur new sales. Newport said he thinks that housing market weakness will continue improving.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE