foreclosures: Montgomery AL Foreclosure Trends - March 2011
- 05/10/11 01:24 PM
There were 1,420 Montgomery AL foreclosure homes for sale with 243 new foreclosures in March 2011. The average selling price of a Montgomery AL home was $136,478 and the average foreclosure selling price was $101,691 a $34,788 savings, according to RealtyTrac.com. Montgomery AL Foreclosure Activity and 30 Year Interest Rate Montgomery interest rates averaged 4.84% in March while the number of foreclosed homes increased from 150 in February to 228 in March.
Foreclosure activity is based on the total number of properties that receive foreclosure filings - default notice, foreclosure auction notice or bank repossession - each month. Interest rate is based on the average … (0 comments)
foreclosures: Update On the Foreclosure Fiasco
- 12/07/10 09:09 AM
As the foreclosure saga continues, the situation becomes more and more complex, compounded in part by revelations of additional irregularities and by the outcry for congressional intervention. Obviously, the current snarl of accusations, litigation, and investigations is having a negative effect on Montgomery real estate. Demand Stalled Although the number of foreclosures continue to rise, the market for such homes has stalled, with many houses being removed from the selling market. In addition, would-be buyers of short sales and foreclosed properties are hesitant to purchase Montgomery real estate which might have dubious or incomplete documentation, thus decreasing the number of loan … (2 comments)
foreclosures: Tips For Buying Montgomery Real Estate Foreclsoures
- 09/21/10 04:17 AM
Although the term "foreclosure" generally has a negative connotation, for many home buyers/investors the purchase of such a property can be attractive due to the discounted price. Because a foreclosure sale frequently is more time-consuming and often offers less buyer protection, it is necessary to take the following steps to assure that the process will go as smoothly as possible. Identify foreclosure properties: First, check with a REALTOR who is familiar with such offerings in the Montgomery real estate market. Then ask your bank about any holdings they may have. A third source is the web. Simply enter REO's and the … (2 comments)
There were 1,420 Montgomery AL foreclosure homes for sale with 243 new foreclosures in March 2011. The average selling price of a Montgomery AL home was $136,478 and the average foreclosure selling price was $101,691 a $34,788 savings, according to RealtyTrac.com.
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