Foreclosure in Baldwin County : Questions & Answers

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Mary McNair, Real Estate Pro in Fairhope, AL
Mary McNair answered:
What additional costs are involved when purchasing a home in Baldwin county AL, whether a foreclosure or a regular sale?
Exact closing costs will vary from transaction to transaction, but typically the buyer is responsible for paying to have documents prepared and the deed filed with the county, as well a ... more
0 votes Share Flag Wed Feb 20, 2013 Foreclosure in Spanish Fort
Sally Grenier, Real Estate Pro in Boulder, CO
Sally Grenier answered:
Is the condo on 24th st #14 still for sale in Gulf Shores,al?
If you are interested in buying, then you should find a Realtor, who can work for you as a Buyer's Agent. He/she can look into this property and see if it's still available.
0 votes Share Flag Thu Sep 22, 2011 Foreclosure in Gulf Shores
Rodney Mason, Real Estate Pro in Atlanta, GA
Rodney Mason answered:
Mortgager told homeowner that he could stay in the home for 1 year after foreclosure and still redeem the property. Can the lender be held to this?
The State of Alabama does have a one year Right of Redemption on foreclosed properties. Typically, the home owner would have to leave once the foreclosure is completed. An eviction wo ... more
0 votes Share Flag Wed Mar 23, 2011 Foreclosure in Daphne
Robin Roberts, Real Estate Pro in Gulf Shores, AL
Robin Roberts answered:
What is the maintenance fee for the condo on 22 St. No.9
The condo fees are $275 per month. Within those fees are maintenence for the pool and common grounds and also insurance on the structure, pool, and common grounds. You can purchase sepa ... more
0 votes Share Flag Sat Apr 9, 2011 Foreclosure in 36542
Bob Movin-On, Real Estate Pro in Hartford, CT
Bob Movin-On answered:
Short Sale denied with offer at FMV, property went into foreclosure for less than the short sale offer... Do we have a case to stand in court?
Get a free consultation from an attorney but I do not believe you have a case, once the bank owns the house they can do with it what they choose. I would keep that information in case ... more
0 votes Share Flag Fri Apr 8, 2011 Foreclosure in Orange Beach
Teresa King, Real Estate Pro in Baldwin County, AL
Teresa King answered:
why so many short sale homes? is price negotiable? pro's and cons?
Hi Kevin,
Short Sales are becoming more plentiful in real estate due to the sellers owing more on their mortgage than the properties can sell for today. Lower values nationwide have a ... more
0 votes Share Flag Wed Apr 13, 2011 Foreclosure in Gulf Shores
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
Is 11949 Magnolia Springs Hwy still available?
Since no local answers yet--any local agent can help you--contact any local realty office(s) and inquire or contact any Trulia local contributor(s) and ask.
0 votes Share Flag Sat Apr 3, 2010 Foreclosure in Magnolia Springs
Destiny Parks, Real Estate Pro in Baldwin County, AL
Destiny Parks answered:
Just what is the Emergency Economic Stablization Act of 2008 that President Obama signed?? Doesn't it prevent IRS from trying to tax the
The Act you are looking for is The Mortgage Forgiveness Debt Relief Act and Debt Cancellation. Here is the link for it (below).
0 votes Share Flag Wed Feb 17, 2010 Foreclosure in 36527
James Deskins, Real Estate Pro in Worthington Woods, C...
James Deskins answered:
I am a REALTOR and have sold several short sales in 2009. My clients are now receiving notice from IRS that taxes are due on the amount that the
Sylvia, The IRS considers the amount forgiven as taxable income. This stinks, but it's the reality of the situation and they will likely have to pay it.
0 votes Share Flag Wed Feb 17, 2010 Foreclosure in 36527
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
Can mortage co demand payment for short sale? Fannie Mae sent papers saying debt was cancelled?
Not knowing all the facts and what actually has taken place--why not contact an attorney specializing in real estate and review all documentation regarding the short sale.
0 votes Share Flag Sat Feb 13, 2010 Foreclosure in 36527
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