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Foreclosure in Mobile County : Real Estate Advice

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  • Home Buying6
  • Home Selling1
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Activity 29
Thu Aug 27, 2015
Karen Peyton answered:
Unfortunately shared information becomes polluted, mixed and mingled until sometimes not a smidget of truth exists. It is the price we pay for living in the "internet age" where multiple data streams, 3rd party and trolling sites converge.

While not making light of your dilemma, I'd like to share a story:
Years ago my girlfriend suggested I "Google" myself. I did and got quite a few "hits" for information. What did I find out? I don't have two children, a son or daughter but not both. I am of a different religion and ethnicity. There are a whole bunch of people living in my house - who they are, I do not know. I share a home with my husband, but we may divorced.
And the grand-daddy of them all??? My husband's ex-wife lives with us!!

Just let it go Lesley. I don't think you can fight it anyway

The people who know you, "know" it isn't true. The people who don't, will not care.

Best of luck!
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1 vote 1 answer Share Flag
Tue Jul 28, 2015
dploves2sellhomes answered:
Despite the fact that the media may be leading the buyers to think that REO's and foreclosures is the answer to their dream home, it takes an educated Realtor to explain why that may not be the case.
The media will always be providing information to the public whether it's accurate or not. In my opinion, it is extremely important for Realtors to have a presence and to educate the consumers regarding the purchases of REO and foreclosed properties as well as all current Real Estate information.

I believe that if you provide valuable and knowledgeable information to your buyers and sellers and educate them instead of trying to "sell" them on a service or home, this will have a positive affect for everyone. This will relay the message that you are the local expert.
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0 votes 4 answers Share Flag
Wed May 20, 2015
thinz answered:
Having the numbers to back up the case they are trying to make.
Tom Hinz www.shortsaletosell.com
0 votes 14 answers Share Flag
Wed May 20, 2015
thinz answered:
It is now 2015 and for the past 8 years or so, the % close for cases we've represented is a little over 90%. The #1 reason a short sale did not close is the buyer expectations were not properly stated to the buyer by the realtor. We get the highest and best price out of the gate, and when we receive a counteroffer from the lender, the buyer rejects and eventually withdraws. #2 - the buyer does not do their due diligence on the front end regarding the property condition, #3 - (and now becoming #1 as we've corrected the prior two issues...) the lender is coming back with an unrealistic BPO value that warrants a longer negotiation period and the buyer gets impatient and withdraws. Case in point - just look at how many foreclosures Ocwen has on their books that they manage...We could have closed most of them and saved them a ton of money so they can start writing more new loans...but the decision makers at the lender do not understand how to manage the short sale process for the best possible outcome...period. If lenders would stop thinking they can get more and realize this one thing - they will increase revenue and cut expenses by negotiating a short sale today with a reasonable offer vs foreclosing and selling for likely less at auction down the road. The numbers don't lie! Just some insights on my discussions that have gotten us to closing! Good luck. Tom Hinz
www.shortsaletosell.com
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0 votes 15 answers Share Flag
Fri Jul 11, 2014
ljry007 asked:
Wed Feb 26, 2014
Rodney Mason answered:
That is a question that can only be answered with advice from your Buyer's Agent. To view or make an offer on a property that is listed for sale, you should be represented by a Buyer’s Agent. The Buyer’s Agent will work on your behalf throughout the transaction. This is very important since the Listing Agent represents the seller.

By working with a Buyer's Agent, you are only seeing the homes that are actually listed for sale at that time. Also, having one Buyer’s Agent dedicated to you will greatly maximize your home buying experience since they will be locating available homes that meet your criteria as best as possible..

If you need a recommendation on a Buyer’s Agent, please contact me at (404) 591-2453 or rodney.mason@prospectmtg.com. I would be happy to put you in touch with someone who can assist you.

The seller of the property will want to make sure that you are qualified to purchase the property should your offer be accepted. Working with a knowledgeable and seasoned loan officer is critical in today's market. Getting Pre-Qualified is the only way for you to find out your options. To get Pre-Qualified for your purchase, you can submit your request online at www.rodneymason.com to get started.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at www.rodneymason.com
Licensed in Alabama & Georgia with over a decade of mortgage lending experience.

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203(k) Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing.
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0 votes 1 answer Share Flag
Sat Feb 8, 2014
Aaron Sims answered:
Bruce, There is no property linked to your question. Alabama has a one year Right of Redemption from the foreclosure date.

Aaron Sims
0 votes 1 answer Share Flag
Sun Aug 18, 2013
Rodney Mason answered:
You would not have to have a home inspection to purchase it, but why would you not want to have one? I home inspection is always strongly encouraged on every home purchase.

If you are looking to purchase a property, working with a knowledgeable and seasoned loan officer is critical in today's market. Getting Pre-Qualified is the only way for you to find out your mortgage options. To get Pre-Qualified for your purchase, you can submit your request online at www.rodneymason.com.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia with over a decade of mortgage lending experience.

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203(k) Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing.
... more
0 votes 4 answers Share Flag
Wed Sep 26, 2012
Clifton Henderson answered:
Hello Car from Semmes Al
You can go to www.CliftonHenderson.com for my current REO listings. I can set you up with
an email alert system that will email you the newest foreclosure for the Mobile or Baldin county area.
If you have a specific search parameter, let me know and I can set up a specific search just for your
needs. I can also email you the current list, (Its rather large, easier if you narrowed the parameter down
to what you are looking for)
Thanks
Clifton
Chendersonsells@gmail.com
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0 votes 4 answers Share Flag
Sat Nov 19, 2011
Rodney Mason answered:
Right of Redemption is an AL state law and therefore cannot be avoided. The redemption period expires 365 days from the date of the foreclosure. Only if you purchase a propertyy 366+ days after the foreclosure date, do you no longer have to be concerned.

As Julie pointed out, the lower the amount, the greater the risk of the redemption. The reality is that if someone could not afford to make their monthly mortgage payment, it would not be very likely that they would be able to come up with the money to redeem the full amount.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia

Prospect Mortgage offers a full selection of mortage programs including:
Conventional | FHA | FHA 203K Renovation (Streamline & Consultant) | HomePath® |
HomePath® Renovation | VA | USDA | GA Dream | Jumbo Financing
... more
1 vote 3 answers Share Flag
Tue Nov 1, 2011
Donna Testa answered:
I suggest you find a CDPE certified Realtor. Go to CDPE.com and click on find a CDPE. This person will be an expert on Distressed Properties. Donna Testa Realtor, CBR, CDPE
0 votes 5 answers Share Flag
Thu May 12, 2011
Speed48 answered:
Hi Contact Real Estate Institute of Western Australia they will give you the nessessary advice needed or make contact direct to the banking & morgage entities
0 votes 10 answers Share Flag
Thu Apr 14, 2011
Tim Moore answered:
If you are talking about a foreclosure auction at the courthouse steps, you will have to visit the county courthouse and review the documents, or online if they offer it. If you are talking about a home that had been foreclosed and was then bank owned and sold in the local mls system, then you need only contact a Realtor and ask them to check, or again you can review the county documents. ... more
0 votes 2 answers Share Flag
Wed Mar 23, 2011
Rosia Gibbs answered:
The gulf coast MLS, Hud homes store and homepath websites are a good place to start of you are looking for foreclosures in mobile and Baldwin counties or you can give me a call at (251) 348-2408 and I can email you listings of foreclosures. I will be happy to assist you ... more
0 votes 1 answer Share Flag
Sat Mar 5, 2011
Antonio answered:
if you're direct to seller, I got buyers........ let's talk; 813-785-7529
0 votes 2 answers Share Flag
Tue Feb 15, 2011
Scott Godzyk answered:
Sam a short sale is better than a deed in lieu, for both you want to make sure you negiotiate what will become of teh deficiency or balance left from what one owed to what they sold the house for.

please see my blog with tips and advice on gettiing a short sale approved.
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0 votes 4 answers Share Flag
Thu Aug 12, 2010
Synergy Realty Group, LLC answered:
All indicators are that that area is improving and will continue to do so. There are some extremely gorgeous homes in that area. If I can help you please feel free to contact me anytime
2512323090
marcilesims@oracleofmobile.com
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0 votes 5 answers Share Flag
Tue Oct 27, 2009
Maria Center answered:
Thu Apr 9, 2009
Victor Kaminski answered:
Found The Bottom, is a Realtor basher all his post have one message in common, Realtors are idiot go FSBO, my guess he lost a house and blames Realtors or he owns a FSBO site. lol...


He makes posts without even reading them, this post had nothing to do with price stabilization it has to do with saving home owners from foreclosure!
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0 votes 3 answers Share Flag
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