ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 12/30/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL 12/30/2011

Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL 12/30/2011 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 IN BIRMINGHAM AL

These are Single Family Homes ‘Active’ on the Birmingham MLS. These homes are ripe for the picking. DO NOT LET THEM PASS YOU BY…ACT NOW….BEFORE IT IS TOO LATE!!!

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL

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 IN BIRMINGHAM AL

Delinquent borrowers facing foreclosure are learning that they can stay in their homes for years, as long as they’re willing to put up a fight. Among the tactics: Challenging the bank’s actions, waiting to file paperwork right up until the deadline, requesting the lender dig up original paperwork or, in some extreme cases, declaring bankruptcy.

 

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL

 

Nationwide, the average time it takes to process a foreclosure — from the first missed payment to the final foreclosure auction — has climbed to 674 days from 253 days just four years ago, according to LPS Applied Analytics.  It takes much longer than that in Florida, where the process averages 1,027 days, nearly 3 years. In D.C., foreclosure averages 1,053 days and delinquent borrowers in New York often stay in their homes for an average of 906 days.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL

 

And while some borrowers are looking for ways to make good with lenders and get their homes back, many aren’t paying a dime. Nearly 40% of homeowners in default have not made a payment in at least two years, according to LPS.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL

 

Many of these homeowners are staying in their homes based on a technicality. There is rarely any dispute over whether or not they have stopped paying their mortgage, said David Dunn, a partner at law firm Hogan Lovells in New York, who represents banks and other financial institutions in foreclosure cases.

Advertisements

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 12/29/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL 12/29/2011

Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL 12/29/2011 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 IN BIRMINGHAM AL

 

These are Single Family Homes ‘Active’ on the Birmingham MLS. These homes are ripe for the picking. DO NOT LET THEM PASS YOU BY…ACT NOW….BEFORE IT IS TOO LATE!!!

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL

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 IN BIRMINGHAM AL

 

Mortgage rates surveyed by Freddie Mac bounced back from historic lows this week, but aren’t expected to soar in the New Year. Rates on 30-year fixed-rate mortgages averaged 3.95 percent with an average 0.7 point for the week ending Dec. 29. That’s up from 3.91 percent last week — an all-time low in records dating to 1971 — but still well below the 2011 high of 5.05 percent seen in February.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL

The 30-year fixed-rate loan has averaged at or below 4 percent for the past nine consecutive weeks, Freddie Mac noted in releasing the results of its Primary Mortgage Market Survey.

 

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL

 

Rates for 15-year fixed-rate mortgages averaged 3.24 percent with an average 0.8 point. That’s up from 3.21 percent last week, an all-time low in records dating to 1991, but down from the 2011 high of 4.29 percent registered in February. For 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) loans, rates averaged 2.88 percent with an average 0.6 point. That’s up from 2.85 percent last week, an all-time low in records dating to 2005, but down more than 1 percentage point from the 2011 high of 3.92 percent seen in February.

 

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL

 

Rates on 1-year Treasury-indexed ARM loans averaged 2.78 percent with an average 0.6 point. That’s up from 2.77 percent last week, an all-time low in records dating to 1984, but  down from a 2011 high of 3.4 percent in February.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 12/28/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL 12/28/2011

Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL 12/28/2011 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 IN BIRMINGHAM AL

These are Single Family Homes ‘Active’ on the Birmingham MLS. These homes are ripe for the picking. DO NOT LET THEM PASS YOU BY…ACT NOW….BEFORE IT IS TOO LATE!!!

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL

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 IN BIRMINGHAM AL

 

The value of overall homes nationwide has likely dropped just over $681 billion this year, according to property search and valuation site Zillow.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL

That drop, to a total estimated value of $21.9 trillion for U.S. homes, is 35 percent less than the drop experienced last year, when the nation’s homes lost $1.1 trillion in value. Most of the decrease in 2011 occurred during the first half of the year, when the market lost $454 billion in value, Zillow said. The site projects values dropped a further $227 billion in the second half of 2011.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL

 

“While homeowners suffered through another year of steep losses, the good news is that homes are losing value at a substantially slower pace as the market works its way towards the bottom,” said Stan Humphries, Zillow’s chief economist, in a statement.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL

 

“Unfortunately, when we look ahead to next year, the unabsorbed pool of housing supply, dragging levels of consumer confidence, high unemployment and negative equity will continue to put downward pressure on the housing market, pushing our expectation for a potential recovery into late 2012 or early 2013,” Humphries added.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL

 

Their loss is your gain. CALL ME TODAY WHILE THIS TREND REMAINS…….IT WILL NOT LAST FOR LONG, JUST LIKE THE REAL ESTATE BUBBLE DID NOT. THE END OF THE YEAR IS DRAWING NIGH!!!!

Be Sure to …CALL ME TODAY…to secure your piece of the pie!!!

 

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 12/27/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL 12/27/2011

Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL 12/27/2011 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 IN BIRMINGHAM AL

These are Single Family Homes ‘Active’ on the Birmingham MLS. These homes are ripe for the picking. DO NOT LET THEM PASS YOU BY…ACT NOW….BEFORE IT IS TOO LATE!!!

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL

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 IN BIRMINGHAM AL

The modest housing market winning streak continued as the Census Bureau reported Friday that sales of new homes rose again in November to an annualized rate of 315,000.  That was up 1.6% compared with the revised October rate of 310,000 and 9.8% higher than November 2010.

 

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL

 

The good news followed other recent positive industry reports. November sales of existing homes rose 12% year-over-year; homebuilding spiked nearly 21% compared with 12 months ago; and mortgage rates hit record lows this week. The sales hike was in line with expectations: The forecast from Briefing.com was for a 315,000 annualized rate. The median price for a new home was $214,100 in November. Inventory shrank to 158,000 units, a 6-month supply at the current sales rate.

 

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL

 

New homes sales are particularly important because they have a large impact on the overall economy, said Bob Denk, senior economist with the National Association of Home Builders. “Inventories of new homes are very low: There’s nothing on the shelf, so any increase in new home sales will translate directly into new housing starts,” he said. “That means putting people back to work.”

 

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL

 

Residential housing construction has been a missing link in the slow economic recovery. Denk described conditions as still slow but “generating momentum.” He expects steady but modest improvement through 2112 with a more robust recovery coming in 2013.

 

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 12/20/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL 12/20/2011

Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL 12/20/2011 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 IN BIRMINGHAM AL

These are Single Family Homes ‘Active’ on the Birmingham MLS. These homes are ripe for the picking. DO NOT LET THEM PASS YOU BY…ACT NOW….BEFORE IT IS TOO LATE!!!

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL

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 IN BIRMINGHAM AL

The U.S. Securities and Exchange Commission on Friday charged six former top executives of Fannie Mae and Freddie Mac, including their former chief executives, with securities fraud, alleging they misled investors about the extent of the mortgage giants’ exposure to higher-risk subprime loans.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL

Fannie Mae, known officially as the Federal National Mortgage Association, and Freddie Mac, officially the Federal Home Loan Mortgage Corp., both entered into non-prosecution agreements with the commission, each agreeing to accept responsibility for their conduct without admitting or denying liability. Both government-sponsored enterprises also agreed to cooperate with the commission’s actions against the former executives.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL

“Fannie Mae and Freddie Mac executives told the world that their subprime exposure was substantially smaller than it really was,” said Robert Khuzami, director of the SEC’s enforcement division, in a statement.  “These material misstatements occurred during a time of acute investor interest in financial institutions’ exposure to subprime loans, and misled the market about the amount of risk on the company’s books.”

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL

The lawsuits, filed in a federal district court in New York City, allege that the six former executives “caused the federal mortgage firms to materially misstate their holdings of subprime mortgage loans in periodic and other filings with the Commission, public statements, investor calls, and media interviews.” The suit against the former Fannie Mae executives also allege they underreported the firm’s exposure to Alt-A loans. The former Fannie Mae executives allegedly committed these actions between December 2006 and August 2008, while the former Freddie Mac executives allegedly committed them between March 2007 and August 2008.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 12/19/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL 12/19/2011

Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL 12/19/2011 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 IN BIRMINGHAM AL

These are Single Family Homes ‘Active’ on the Birmingham MLS. These homes are ripe for the picking. DO NOT LET THEM PASS YOU BY…ACT NOW….BEFORE IT IS TOO LATE!!!

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL

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 IN BIRMINGHAM AL

Foreclosure filings may have fallen in November but the number of homes scheduled for bank auctions grew significantly, indicating that a new wave of foreclosures are set to take place in the New Year.  The number of foreclosure filings dropped to 224,394 properties in November, a 3% decline from October and a 14% drop year-over-year, according to RealtyTrac.

 

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL

 

 

During the month, one in every 579 housing units received either a default notice or underwent a scheduled auction or bank repossession, the online marketer of foreclosed homes said. The number of completed foreclosures, the last stage of the process when banks repossess the homes of delinquent borrowers, fell to 56,124 homes, a 17% plunge from a month earlier and the fewest since March 2008. Such repossessions are off 45% from their September 2010 peak, when more than 102,000 homes were lost to foreclosure.

 

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL

Foreclosure filings have been artificially depressed for more than a year now as banks slowed the processing of paperwork in the wake of the robo-signing scandal. “The banks had taken some of the homes out of the foreclosure pipeline while they cleaned up their books,” said Pat Newport, a housing market analyst for IHS Global Insight.

 

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL

 

The paperwork issues have been mostly resolved and that could mean bank repossessions will come roaring back in 2012, said James Saccacio, CEO of RealtyTrac.  “Despite a seasonal slowdown similar to what we’ve seen in each of the past four years, November’s numbers suggest a new set of incoming foreclosure waves, many of which may roll into the market as REO’s or short sales sometimes early next year,” he said.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 12/15/2011 PM VERSION

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL 12/15/2011 PM VERSION

Your FREE ACTIVE REAL ESTATE FORECLOSURES AND HOMES FOR SALE IN BIRMINGHAM AL 12/15/2011  PM VERSIONlist 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 AND HOMES FOR SALE IN BIRMINGHAM AL

These are Single Family Homes ‘Active’ on the Birmingham MLS. These homes are ripe for the picking. DO NOT LET THEM PASS YOU BY…ACT NOW….BEFORE IT IS TOO LATE!!!

ACTIVE REAL ESTATE FORECLOSURES AND HOMES FOR SALE IN BIRMINGHAM AL

I hope you have an awesome day, packed with smiles while searching for your active Birmingham AL Real Estate Dream.

ACTIVE REAL ESTATE FORECLOSURES AND HOMES FOR SALE IN BIRMINGHAM AL

 

The average rate on the 30-year fixed mortgage fell to 3.94%, matching the all-time low hit in early October, according to Freddie Mac’s weekly mortgage rate survey. Meanwhile, 15-year fixed-rate loans hit a new record low of 3.21%, surpassing the record set on October 6.

 

ACTIVE REAL ESTATE FORECLOSURES AND HOMES FOR SALE IN BIRMINGHAM AL

Five-year adjustable rate mortgages also plumbed new depths, hitting 2.86% for the week.  We’ve been hanging around record lows for a few months now and we finally hit another one

 

ACTIVE REAL ESTATE FORECLOSURES AND HOMES FOR SALE IN BIRMINGHAM AL

 

Low-interest mortgages will be available at least through mid-2012, according to Freddie Mac’s chief economist, Frank Nothaft.  The low rates can translate into big savings for home buyers. Five years ago, a home buyer would have been lucky to land a 5% rate on a 15-year loan. On a $200,000 mortgage, that would have meant the borrower would have paid $1,582 a month. Should a borrower land a 3.2% rate on a $200,000 loan now, the monthly mortgage payment would come to $1,400 — a savings of $182 a month.

 

ACTIVE REAL ESTATE FORECLOSURES AND HOMES FOR SALE IN BIRMINGHAM AL

 

Mortgage rates tend to closely track Treasury bond yields, which have also been very low lately. For the past three months, 10-year Treasury notes have often fallen below the 2% mark as bond investors steer clear of Europe and its debt woes and buy U.S. Treasuries instead.

 

The rock-bottom interest rates, combined with the lowest housing prices in years, have made home buying extremely affordable right now. Although most borrowers are looking to refinance existing loans rather than buy. Last week, mortgage applications climbed 4.1%, driven by a surge of home buyers trying to refinance to record-low rates. According to the Mortgage Bankers Association’s latest Market Composite Index, close to 80% of loan applications were to refinance existing loans.

 

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 12/13/2011 PM VERSION

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL 12/13/2011 PM VERSION

Your FREE ACTIVE REAL ESTATE FORECLOSURES AND HOMES FOR SALE IN BIRMINGHAM AL 12/13/2011 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 AND HOMES FOR SALE IN BIRMINGHAM AL

These are Single Family Homes ‘Active’ on the Birmingham MLS. These homes are ripe for the picking. DO NOT LET THEM PASS YOU BY…ACT NOW….BEFORE IT IS TOO LATE!!!

ACTIVE REAL ESTATE FORECLOSURES AND HOMES FOR SALE IN BIRMINGHAM AL

I hope you have an awesome day, packed with smiles while searching for your active Birmingham AL Real Estate Dream.

ACTIVE REAL ESTATE FORECLOSURES AND HOMES FOR SALE IN BIRMINGHAM AL

About 14 percent of U.S. employers interviewed for Manpower’s Employment Outlook Survey plan to increase staffing during the first quarter while 5 percent expect to cut back. That, according to the staffing firm, leaves a net employment outlook of 9 percent, the best performance since the third quarter of 2008.

ACTIVE REAL ESTATE FORECLOSURES AND HOMES FOR SALE IN BIRMINGHAM AL

Manpower said companies in the Birmingham-Hoover area expect to hire workers at a more modest pace. The firm said 13 percent of area firms surveyed said they will boost their workforce between January and March, while 8 percent say they will eliminate jobs, leaving a net employment outlook of 5 percent.

ACTIVE REAL ESTATE FORECLOSURES AND HOMES FOR SALE IN BIRMINGHAM AL

For metro Birmingham, hiring plans are weaker than a year ago when 20 percent of area firms told Manpower they would increase staffing and 11 percent planned to reduce their labor force.  Since hitting a more than two-year high this summer, the jobless rate in metro Birmingham has fallen from 9.8 percent in June to 8 percent in October. The Alabama jobless rate was 9.3 percent in October, down from 11 percent in June.

ACTIVE REAL ESTATE FORECLOSURES AND HOMES FOR SALE IN BIRMINGHAM AL

Manpower’s survey painted a slightly more favorable hiring outlook for Alabama, with 15 percent of companies saying they would add workers in the first quarter and 9 percent planning cutbacks. The new employment outlook of 6 percent, as Manpower terms it, is up slightly from 5 percent during the first quarter of 2011. “Even though employment conditions are gradually improving, it will be perhaps three or four years before we reach employment levels prior to the beginning of the recession.

ACTIVE REAL ESTATE FORECLOSURES AND HOMES FOR SALE IN BIRMINGHAM AL – 12/13/2011

ACTIVE REAL ESTATE FORECLOSURES AND HOMES FOR SALE IN BIRMINGHAM AL 12/13/2011

 

Your FREE ACTIVE REAL ESTATE FORECLOSURES AND HOMES FOR SALE IN BIRMINGHAM AL 12/13/2011 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 AND HOMES FOR SALE IN BIRMINGHAM AL

 

These are Single Family Homes ‘Active’ on the Birmingham MLS. These homes are ripe for the picking. DO NOT LET THEM PASS YOU BY…ACT NOW….BEFORE IT IS TOO LATE!!!

 

ACTIVE REAL ESTATE FORECLOSURES AND HOMES FOR SALE IN BIRMINGHAM AL

 

I hope you have an awesome day, packed with smiles while searching for your active Birmingham AL Real Estate Dream.

ACTIVE REAL ESTATE FORECLOSURES AND HOMES FOR SALE IN BIRMINGHAM AL

About 14 percent of U.S. employers interviewed for Manpower’s Employment Outlook Survey plan to increase staffing during the first quarter while 5 percent expect to cut back. That, according to the staffing firm, leaves a net employment outlook of 9 percent, the best performance since the third quarter of 2008.

 

 

ACTIVE REAL ESTATE FORECLOSURES AND HOMES FOR SALE IN BIRMINGHAM AL

Manpower said companies in the Birmingham-Hoover area expect to hire workers at a more modest pace. The firm said 13 percent of area firms surveyed said they will boost their workforce between January and March, while 8 percent say they will eliminate jobs, leaving a net employment outlook of 5 percent.

 

ACTIVE REAL ESTATE FORECLOSURES AND HOMES FOR SALE IN BIRMINGHAM AL

 

For metro Birmingham, hiring plans are weaker than a year ago when 20 percent of area firms told Manpower they would increase staffing and 11 percent planned to reduce their labor force.  Since hitting a more than two-year high this summer, the jobless rate in metro Birmingham has fallen from 9.8 percent in June to 8 percent in October. The Alabama jobless rate was 9.3 percent in October, down from 11 percent in June.

 

ACTIVE REAL ESTATE FORECLOSURES AND HOMES FOR SALE IN BIRMINGHAM AL

 

Manpower’s survey painted a slightly more favorable hiring outlook for Alabama, with 15 percent of companies saying they would add workers in the first quarter and 9 percent planning cutbacks. The new employment outlook of 6 percent, as Manpower terms it, is up slightly from 5 percent during the first quarter of 2011. “Even though employment conditions are gradually improving, it will be perhaps three or four years before we reach employment levels prior to the beginning of the recession.

 

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 12/09/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL 12/09/2011

Your FREE ACTIVE REAL ESTATE FORECLOSURES AND HOMES FOR SALE IN BIRMINGHAM AL 12/09/2011 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 AND HOMES FOR SALE IN BIRMINGHAM AL

These are Single Family Homes ‘Active’ on the Birmingham MLS. These homes are ripe for the picking. DO NOT LET THEM PASS YOU BY…ACT NOW….BEFORE IT IS TOO LATE!!!

ACTIVE REAL ESTATE FORECLOSURES AND HOMES FOR SALE IN BIRMINGHAM AL

I hope you have an awesome day, packed with smiles while searching for your active Birmingham AL Real Estate Dream.

ACTIVE REAL ESTATE FORECLOSURES AND HOMES FOR SALE IN BIRMINGHAM AL.

With the much stricter loan qualification standards in effect today compared to times past, borrowers are often required to put down 3.5 – 20 percent of the purchase price to obtain a home loan. There are lots of people who would like to purchase a home in these times of low interest rates but can’t come up with the down payment.

ACTIVE REAL ESTATE FORECLOSURES AND HOMES FOR SALE IN BIRMINGHAM AL

Fortunately, first-time homebuyers who have an  IRA may have more money available for a down payment than they realize. Ordinarily, the money in an IRA can’t be withdrawn before age 59.5 without incurring a 10 percent income tax penalty. For IRA purposes, you’re a first-time homebuyer so long as you, or your spouse, did own a principal residence at any time during the previous two years.

ACTIVE REAL ESTATE FORECLOSURES AND HOMES FOR SALE IN BIRMINGHAM AL

However, there is a special exemption for first-time homebuyers. They can withdraw up to $10,000 in IRA funds to purchase a first home without paying the penalty. A married couple can each withdraw $10,000, giving a total of $20,000. Whenever money is withdrawn from a traditional IRA, it must be reported as income and regular income tax paid on it. This applies to withdrawals for buying a first home. However, this rule does not apply to Roth IRAs.

ACTIVE REAL ESTATE FORECLOSURES AND HOMES FOR SALE IN BIRMINGHAM AL

Roth IRAs are tax deferred. Unlike traditional IRAs, contributions to Roth IRAs are not tax deductible. Instead, withdrawals are tax free after age 59.5. So long as the Roth IRA has been in existence for at least five years, withdrawals up to $10,000 for a first-time home purchase are completely tax free However, if the Roth IRA is less than 5 years old, income taxes may have to be paid on the withdrawal, but no penalty tax.