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Foreclosure in Huntsville : Real Estate Advice

  • All183
  • Local Info28
  • Home Buying52
  • Home Selling10
  • Market Conditions9

Activity 13
Thu Mar 13, 2014
corbettrodney0 answered:
Innovations, is the name of my Co. We are looking for work in the foreclosure business. We can clean & repair any thing that needs to be done in order to be sold at Auctions or REO's.
My name is Rodney Corbett, Birmingham, Al. 677 Earline Circle, Ste A., email: corbettrodney0@gmail.com ... more
0 votes 8 answers Share Flag
Sat Sep 22, 2012
Trish Hagin answered:
Mon Sep 17, 2012
Linda Scoons answered:
If you have that much equity in the home, call a local Realtor or contract me and I will be happy to refer you to an experienced Realtor in your area. It is always best to try to sell the home first before considering a short sale or foreclosure. You don't want to ruin your credit it at all possible. The bank will rarely make more at the court house steps.

Think this through,

Linda Coons
www.LindaCoons.com
... more
0 votes 4 answers Share Flag
Sun Sep 16, 2012
Tricia Orlock answered:
There r many opportunities out there regarding foreclosures. You have to know the area and the values of homes around the foreclosure. Once you assess the value of an area, then you need to assess the cost of repairs needed in the property. The ARV (after repair value) will tell you If there is any profit to be made on the property. If you intend to live in the home, this is also very important. You do not want to over improve on a property where surrounding values are lower. This will help you hedge value for the future, especially if you plan on selling in the near future. Ideally, you want to purchase, fix up the home and be at a competitive value when your done.
There are many factors that have to be examined to determine if a foreclosure is a good buy. Best to get Professional help from a experienced Realtor who has the tools to help you in this process.
Call me for more information @ 256-655-3896
... more
1 vote 3 answers Share Flag
Fri May 4, 2012
Sue Von Hor answered:
It depends on the financial institution involved. There is no defined time period. I have had homes for as long as a year. Sue Von Hor C.D.P.E 301 904 0309
0 votes 3 answers Share Flag
Tue Jan 4, 2011
Cassandra Black, Consultant answered:
Hi Ashley,

Sign your company up with the larger property preservation companies, whether or not their main office is in Huntsville. These larger entities handle homes all over the country, regardless of where they're based. Peek at the foreclosure cleaning industry blog for tons of FREE advice on starting and growing your new business, including getting contracts from your local housing authorities and county commissioners.

Good luck in Huntsville, AL!

Cassandra Black, Consultant & CEO, Foreclosure Cleanup, LLC
... more
0 votes 2 answers Share Flag
Tue Jan 19, 2010
Jim Robinson answered:
Hello Bill,

At the risk of being forward, knowledge is valuable, so what about discusions regarding transaction funding and doing some deals. I have a team and a system. What with FHA guidelines being adjusted regarding the 90 day rule for a year, the time to invest should be now. I would consider caution as well as I believe all of the market drop in all areas of the country is in a lull now and some major flux is yet to come. However, in my market, it is a bit of a different animal in overall economic impact; better, I believe. Anyway, if you are open to discussions, please contact me. http://buyrealestate.2freedom.com http://advertisingalabama.com ... more
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Thu Jan 14, 2010
Bob Movin-On answered:
Unfortunately the fact that this is a rental home leaves you liable for the deficiency (damages for the difference of the principal amount, sale price and costs).
0 votes 4 answers Share Flag
Sun Dec 27, 2009
Don Tepper answered:
That's usually pretty easy.

First, go online and look up the tax record. For instance, if I wanted to find the owner of a house in Huntsville, Alabama, I'd search for ";Huntsville AL tax assessor." That'd bring me to http://www.co.madison.al.us/ From there, I'd click on "Property Assessment Online." (Most counties and cities have online tax records.) From there, you can search a particular address.

If that doesn't work, knock on neighbors' doors. It's very likely that some of the neighbors will know who the owner is and where he/she/they currently live. I've done that a lot, and almost always succeeded.

If the property has been foreclosed upon and the online search information hasn't been updated, then contact the local tax assessor's office. As soon as the new deed is filed, it's public information. Or just go down to the courthouse and ask one of the clerks there for assistance.

Hope that helps.
... more
0 votes 1 answer Share Flag
Wed Mar 12, 2008
John & Linda Cramer answered:
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
1 vote 1 answer Share Flag
Sat Mar 1, 2008
Portland_Real_Estate answered:
I have the best one for you. http://houseflow.com/foreclosure.html
0 votes 4 answers Share Flag
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