Hoover AL Foreclosures, Short Sales, Special Situations

by nick

in Birmingham Housing Market

Hoover Alabama Foreclosure Short Sale

Hoover AL Special Situations

You can utilize this page to monitor foreclosures, short sales, and special situations as they develop within Hoover.

Special situations such as foreclosure proceedings, short sale, relocation, and bank owned properties within Hoover are monitored and updated automatically on a daily basis.

Hoover Short Sale Homes for Sale

A short sale is the term used to describe a special situation where the home owner is attempting to sell their home below what is currently owed on their mortgage. This is often a pre-foreclosure situation where the home owner and mortgage holder are attempting to avoid foreclosure procedures. It is very important to ensure that the mortgage holder is already involved with the potential short sale.

Hoover Foreclosure Homes for Sale

These properties are in the foreclosure process and first right of refusal laws may be binding. These homes often time have short sale pricing however the mortgage holder is more motivated at this stage of the foreclosure process.

Hoover Bank Owned (REO) Homes for Sale

These properties have completed the foreclosure process and the mortgage company now owns the property (Bank Owned) and is occuring any carrying cost associated with the home. This is similar to the Relocation special situation mentioned below where carrying costs are influencing the motivation of the seller and deals can be made.

Hoover Relocation Homes for Sale

A Relocation special situation occurs when a Relocation Company has purchased a home from their client’s employee and is covering the carrying costs of marketing and up keep. Relocation companies are very motivated sellers and often a deal can be worked out.

Hoover As-Is Homes for Sale

There are a number of reasons why a seller will apply the As-Is attribute to the sale, from a fixer-upper, restored historic home, the current list price is their bottom-line, etc.  These properties are unique special situations where the home is being sold As-Is and each opportunity will need to be examined on its own merit.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

227,527 Spam Comments Blocked so far by Spam Free Wordpress

HTML tags are not allowed.

Previous post:

Next post:

Search Blog

The data relating to Birmingham AL Real Estate on this Web site derive in part from the Greater Alabama MLS IDX program. Listings marked with the BAMLS logo are provided courtesy of the Birmingham Association of REALTORS®. © 2013 Greater Alabama MLS, Inc. All information provided is deemed reliable but is not guaranteed and should be independently verified.

@Homes Birmingham
100 Providence Main Street
Suite B (above CVS)
Huntsville, AL 35806

Phone Numbers
Cell: (205) 547-0048
Office: (256) 585-6000
Fax: (256) 217-4073

Email Address
Nick@atHomesRealty.com

Facebook

Like us on Facebook

Twitter

Follow us on Twitter

Pinterest

Share with us on Pinterest

Google Plus

Join us on Google+

  © 2008-2013 @Homes Realty llc All Rights Reserved