Alabama Foreclosures - Mobile and Baldwin Counties - Distressed Property Vulture Fundalabama | Alabama Foreclosures – Baldwin County Foreclosures – Mobile County Foreclosures | http://www.distressedpropertyvulturefund.com Baldwin County Foreclosures - Mobile County Foreclosures - Gulf Shores, Orange Beach, Fort Morgan, Foley, Fairhope, Daphne, Point Clear, and Mobile AL. Foreclosures on the Gulf Coast of Alabama and Florida! Distressed Property Vulture Fund - Foreclosures in a distressed real estate market. Wed, 31 Mar 2010 16:09:52 +0000 en hourly 1 http://wordpress.org/?v= Alabama Foreclosures – Baldwin County Foreclosures – Mobile County Foreclosures http://www.distressedpropertyvulturefund.com/alabama-foreclosures-baldwin-county-foreclosures-mobile-county-foreclosures/ http://www.distressedpropertyvulturefund.com/alabama-foreclosures-baldwin-county-foreclosures-mobile-county-foreclosures/#comments Mon, 20 Jul 2009 13:16:15 +0000 admin http://www.distressedpropertyvulturefund.com/?p=110 Alabama Foreclosures – Baldwin County Foreclosures – Mobile County Foreclosures The FORECLOSURE sale is really an auction on your local county courthouse steps, where a cash buyer attempts to secure the purchase of house that is being forcefully sold by the bank or mortgage lender.  A Foreclosure sale begins with a minimum bid by the buyer. [...]
]]>

Alabama Foreclosures – Baldwin County Foreclosures – Mobile County Foreclosures

The FORECLOSURE sale is really an auction on your local county courthouse steps, where a cash buyer attempts to secure the purchase of house that is being forcefully sold by the bank or mortgage lender.  A Foreclosure sale begins with a minimum bid by the buyer. This minimum bid must be high enough to to cover the missing loan amount that the previous owner could not afford to pay, All accrued interest, Attorneys fees, and All costs associated with the foreclosure process.

In order to bid at a foreclosure auction, the buyer must have a cashiers check in hand for the full amount of their bid or be able to fund the sale that day.  If a buyer is unable to fund their sale, the property is awarded to the next highest bidder.  The winning bidder is sold the property in its as-is condition, which could include any liens placed on the property or the possibility of having to evict the current inhabitants of the residence.  The opening bid prices for homes offered for sale are normally not released until late morning on the very day of the sale, thereby giving eager investors only a very brief window to research, inspect and fund the sale.
Foreclosure sales are geared more towards the investor than the traditional home buyer.  Foreclosure Real Estate Investors are more likely to have fast access to large amounts of cash, have the time and resources to pinpoint the best values being offered from sale to sale, and are better prepared to deal with the potential risks associated with as-is terms of sale.  The benefit to the investor is all about profit margin.  These margins are often great enough for an investor to cover all fees, that may be associated with the foreclosure sale, and resell the property quickly at a below market value price for a handsome profit.
These profitable investment opportunities have become common place on the steps of the courthouse with each passing week.  Our job is to find the true deals with the largest profit potential with the least amount of risk.  To be notified of these deals as they present themselves, simply subscribe to our website and you will begin to receive real time updates.  Happy hunting!

Learn more about Foreclosures in Alabama, including Gulf Shores, Orange Beach, Fort Morgan, Fairhope, Daphne, Spanish Fort, and Mobile – subscribe to this blog by placing your e-mail address in the subscribe box at the top of the menu column.

Related Posts

]]> http://www.distressedpropertyvulturefund.com/alabama-foreclosures-baldwin-county-foreclosures-mobile-county-foreclosures/feed/ 1 Alabama REO – Bank owned properties in Alabama http://www.distressedpropertyvulturefund.com/alabama-reo-bank-owned-properties-alabama/ http://www.distressedpropertyvulturefund.com/alabama-reo-bank-owned-properties-alabama/#comments Mon, 20 Jul 2009 13:01:49 +0000 admin http://www.distressedpropertyvulturefund.com/?p=107 REO stands for Real Estate Owned and is used to describe a specific type of property. REO properties have been foreclosed on and have been taken back by the mortgage lender or trustee.  An REO is actually the result of an unsuccessful foreclosure, as a buyer for the property could not be found during the [...]
]]>

REO stands for Real Estate Owned and is used to describe a specific type of property.

REO properties have been foreclosed on and have been taken back by the mortgage lender or trustee.  An REO is actually the result of an unsuccessful foreclosure, as a buyer for the property could not be found during the foreclosure sale on the courthouse steps, thus the bank is forced to repossess the property.   These REO properties are typically sold separately via real estate brokerage firms.
In today’s heavily flooded foreclosure market, there is often no major problems with an REO property, other than the fact that its owner could no longer afford the payments.  The original owners misfortune can lend savings to a future buyer of up to 20%.  REO properties are also First Time Home Buyer friendly, with banks offering significant seller concessions to the buyer in the hopes of brokering a quick sale.  REO properties are sold as-is, yet buyers are given access to home for inspections and appraisal purposes.  There are also no back taxes, liens, or tenants to worry about evicting.  To put it simply, REO sales offer buyers significant savings with very little risk.
Learn more about REO – subscribe to this blog by placing your e-mail address in the subscribe box at the top of the menu column.

Related Posts

]]> http://www.distressedpropertyvulturefund.com/alabama-reo-bank-owned-properties-alabama/feed/ 2 More Homes Being Auctioned at Courthouse! Subscribe to this site to find out about Baldwin and Mobile County Foreclosure Auctions. http://www.distressedpropertyvulturefund.com/more-homes-being-auctioned-at-courthouse-subscribe-to-this-site-to-find-out-about-baldwin-and-mobile-county-foreclosure-auctions/ http://www.distressedpropertyvulturefund.com/more-homes-being-auctioned-at-courthouse-subscribe-to-this-site-to-find-out-about-baldwin-and-mobile-county-foreclosure-auctions/#comments Fri, 17 Jul 2009 18:34:20 +0000 admin http://www.distressedpropertyvulturefund.com/more-homes-being-auctioned-at-courthouse-subscribe-to-this-site-to-find-out-about-baldwin-and-mobile-county-foreclosure-auctions/ More Homes Being Auctioned at Courthouse! Subscribe to this site to find out about Baldwin and Mobile County Foreclosure Auctions (simply place your e-mail address in the subscribe box at the top of the menu column and submit). Subscribe to this site to learn about Foreclosure Auctions in Baldwin County Alabama and Mobile County Alabama!  [...]
]]>

More Homes Being Auctioned at Courthouse!

Subscribe to this site to find out about Baldwin and Mobile County Foreclosure Auctions (simply place your e-mail address in the subscribe box at the top of the menu column and submit).

Subscribe to this site to learn about Foreclosure Auctions in Baldwin County Alabama and Mobile County Alabama!  Simply fill in your e-mail address at the top of the menu column where it says subscribe and you will get dispatches from this site as it is updated!

Posted via email from Distressed Property Vulture Fund – Alabama Foreclosures – Baldwin County and Mobile County, AL

Related Posts

]]> http://www.distressedpropertyvulturefund.com/more-homes-being-auctioned-at-courthouse-subscribe-to-this-site-to-find-out-about-baldwin-and-mobile-county-foreclosure-auctions/feed/ 0 Mobile Alabama Foreclosure – Bid is 114K today at 12:00 – Call for Foreclosure Info! http://www.distressedpropertyvulturefund.com/mobile-alabama-foreclosure-bid-is-114k-today-at-1200-call-for-foreclosure-info/ http://www.distressedpropertyvulturefund.com/mobile-alabama-foreclosure-bid-is-114k-today-at-1200-call-for-foreclosure-info/#comments Fri, 17 Jul 2009 17:50:43 +0000 admin http://www.distressedpropertyvulturefund.com/mobile-alabama-foreclosure-bid-is-114k-today-at-1200-call-for-foreclosure-info/ Jonathan Keith, Painting the Town Red, 251-689-7800 Mobile Alabama Foreclosure – Bid is 114K today at 12:00 – Call for Foreclosure Info! Residential Click Photo for Additional Media and Enlargement MLS#: 138501p Status: Sold LstPrce: $149,900 Addr: 1185 COLONIAL HILLS DR ApproxLA+/-: 1,579 MOBILE, AL 36695 SqftSource: Tax Records IN: AIRPORT BLVD Infile: SELL DISC, [...]
]]>

Jonathan Keith, Painting the Town Red, 251-689-7800

Mobile Alabama Foreclosure – Bid is 114K today at 12:00 – Call for Foreclosure Info!

Residential

Click Photo for Additional Media and Enlargement
image001 Mobile Alabama Foreclosure Bid is 114K today at 12:00 Call for Foreclosure Info!
MLS#: 138501p Status: Sold LstPrce: $149,900
Addr: 1185 COLONIAL HILLS DR ApproxLA+/-: 1,579
MOBILE, AL 36695 SqftSource: Tax Records
IN: AIRPORT BLVD Infile: SELL DISC, WARRANTY
County: MOBILE Beds: 3
Area: 18 West Mobile Baths: 2/0
Subd: BAKERFIELD YrBlt/Desc: 1997/
LotDim: 81X265 Acres: +/-
ElemSch: BAKE Middle: BAKE High: BAKE
ParcelID: R02-27-08-27-0-000-004.796.
Misc: Possession: AT CLOSE
Terms: CASH, CONV
Legal: LOT 14 BAKERFIELD UNIT ONE SUBD MBK 67 PG 49 #SEC 27 T4S R3W #MP27 08 27 0 000
Dir: WEST ON AIRPORT BLVD THEN LEFT INTO BAKERFIELD SUBDIV ON COLONIAL HILLS DRIVE. HOME IS ON THE LEFT.

Remarks: WOW! NEW PAINT, CARPET, FLOORING, LIGHT FIXTURES, KITCHEN & BATH FIXTURES, MICROWAVE OVEN AND MORE! THIS REMARKABLE 3/2 BRICK HOME ON POPULAR BAKERFIELD SUBDIVISION’S 2ND LARGEST LOT IS A MUST SEE. HOME’S OPEN FLOOR PLAN HAS IT ALL INCLUDING VAULTED CEILINGS IN LIVING RM, EAT-IN KIT, INTERIOR LAUNDRY RM, MASTER BD W/TREY CEIL AND XL WALK-IN CLOSET, DOUBLE VANITY IN BA.

Room Type

Lvl

Dimnsns
Add’l Bedroom

1

12X16
Add’l Bedroom

1

11X11
Add’l Bedroom

1

11X11
LivingRm

1

15X24
Kitchen

1

9X21
Laundry

1

7X9
Car Shelter: N/ Porch: Y/FRONT
Fireplace: Y/GAS-LOG Style: TRADITIONAL
Stories: ONE BedrDesc:
Dining: INFORMAL, KIT-AREA BathDesc:
Heat: CENTRAL, GAS Cool: CENTRAL
Floor: VINYL, WWCARPET Interior: RAISCEIL
Sewer: PUBLIC Exterior: FENCE, PORCH
Water: PUBLIC Constr: BRICK, VINYL
LotDesc: SUBDIVISION WtrfrntFt:
Marine: Wtrfrnt: NO
Energy: CEILFAN, DBLPANE, TURBINE Utilities: ELECTRIC, UNDERGROUND, NATURAL GAS

SoldPrice: $149,900 SldTrms: CONVENTIONAL SF: 1579
SO: (KWMS01) KELLER WILLIAMS REALTY SA: (THOMPSONR) RICHARD THOMPSON CL: 5/2/2006 $/Sqft: $94.93

image002 Mobile Alabama Foreclosure Bid is 114K today at 12:00 Call for Foreclosure Info!

For More Information Contact :
JONATHAN KEITH
Agent Cell: 251-689-7800
Office: 251-662-5660
jmkeith@kw.com
http://www.gulfcoastmls.com/jonathankeith

image003 Mobile Alabama Foreclosure Bid is 114K today at 12:00 Call for Foreclosure Info!

–Information deemed reliable but not guaranteed–Copyright: 2009 by the Mobile Area Association of REALTORS
Jonathan Keith, Painting the Town Red, 251-689-7800
Prepared by JONATHAN KEITH of KELLER WILLIAMS REALTY on 7/17/2009 10:26:18 AM

Jonathan Keith

Associate Broker for Keller Williams

REO Specialist

6333 Cottage Hill Road

Mobile,Al 36609

(251)662-5660 Office

(251) 660-5088 Fax

(251)689-7800 Cell

jmkeith@kw.com

www.jonathankeith.net

Posted via email from Distressed Property Vulture Fund

Related Posts

]]> http://www.distressedpropertyvulturefund.com/mobile-alabama-foreclosure-bid-is-114k-today-at-1200-call-for-foreclosure-info/feed/ 0