Well that's a good question, now we are not attorneys, however, just some info, depending on your bankruptcy chapter 7 or 13 will determine a lot, I do recomend you seek legal advise and if you cannot afford a attorney there is Legal Aid out there. When you say you are in Bankruptcy have you just retained a attorney? or are you well into the process? The reason I ask is that until it is recorded, you still have a chance. Good Luck... more
Vik- Are you looking to buy or rent in Virginia or Huntsville? Once clarified, agents from the appropriate area will then be able to respond accordingly. Now, if you're looking to buy, sell or rent in GA, feel free to give me a call ;-)
You can see a list at www.homesales@gov/homesales. HUD foreclosures always require an offer be submitted through a Real Estate Agency. I would certainly be happy to assist you in any way I can.
Ron Hayes, Century 21
Mike, begin your discussions early with some of the local real estate lending agencies in Huntsville (credit unions, etc...) Some of these manage their lowns in-house, are finding some difficulty finding crecit0worthy people to loan to. You may do better than with a larger firm. Thre is no cost or obligation of running through the pre-approval process (except your time). Assuming your jobs have been offered on a stable basis, I would think you will be in very good position to secure a prime real estate loan for your purchase.... more
Hi Laurie, right now there are 199 homes listed in the SE of Huntsville between 250-400K. They are all within 5-10 minutes of a new YMCA facility with all the recreational activities you want or need! These properties are pre-renovated and post-renovated. Check www.valleymls.com or my website which feeds from valley.mls for the easiest look at what is available. Thanks, Diana... more
As a Real Estate consultant, I would strongly advise you to address your options with a trusted mortgage lender. Questions like: Can I sell my existing home and break even, make a net to use on a downpayment on your future home in Huntsville, or will you have to bring money to the closing table? Am I eligible for a bridge loan? It is also important in this mix to get the advice from a trusted Real Estate Agent about the marketable value of your home along with the days on market to sell, to help you plan a strategy. If you move is imperative for a job, then you may have to rent temporarily in Huntsville unitl your home sells. If you are "in the red" on your equity, you may need to lease your home and wait to purchase a home in Huntsville when you are "in the black" for a sale. This situation can be solved in some way, so contact the right advisors and it will take the stress off you as you plan the move. Best of luck!... more
Days on Market are slightly higher, volume is about flat against last year. Some areas have experienced an increase and, while we have seen 2 years of strong price growth (8-10% each year) we're not in a down market as the majority of the country is. We're calling it a "Buyer Pause" market--and expect it to resume over the next 12 months as acceleration of our incoming jobs from the recent BRAC come through.... more