Alabama Foreclosures - Mobile and Baldwin Counties - Distressed Property Vulture Fundalabama foreclosures | Finding a foreclosure |

Finding a foreclosure

admin — Thu, 06 Aug 2009 11:44:00 +0000

An interesting article from our friend Marc Rasmussen in Sarasota

Finding a Foreclosure

‘Foreclosures’ and ‘Short Sales’ are today’s buzz words in the real estate world. I get contacted on a daily basis from prospective home buyers looking to pick up one of these properties cheap. The belief by many is that all of these types of properties are great deals. That is not true. There are some great deals to be found by those who are diligent and have the ability to act quickly.

3 Tips to Finding a Great Deal in Foreclosures and Short Sales

1) Learn the market

How do you know what a good deal is if you don’t know the market? I could hit you over the head with a property at a great price but if you don’t know the market you probably won’t buy it. By the time you do your homework and have learned the market someone else has probably purchased the property. Find yourself a good Realtor who is knowledgeable and pick their brain. Also, have him/her start emailing you properties for sale and properties that have sold in the areas and price ranges that you are looking for. Through this process you will have a better understanding of the market and what represents a good deal. If three similar homes recently sold in a neighborhood for around $200,000 and a foreclosure comes on the market for $175,000 you will know that this could be a good deal. Only through learning the market have you realized that this could be a good deal.

2) Find a Good Realtor

A good Realtor can help you learn the market. They can send you information from the MLS system to help you understand what is selling, not selling, current prices etc. A misconception by many is that you can get 50% of the asking price of these types of properties. Sarasota foreclosures and Gulf Shores Foreclosures are selling on average for about 93% of the list price. Set realistic expectations for yourself. You probably are not going to find a home that you can immediately flip and make a bunch of money.

Your Realtor should also be able to set you up on an automated email system where foreclosures are sent to you the minute they come on the market. This is important because there are many people out there waiting for them to come on the market. You need to be the first one in the door.

3) Prepare and Act Quickly

Get your financing lined up before you find a foreclosure or short sale. Most banks are not going to take your offer seriously unless you can prove that you have the cash or have a pre-approval letter from the bank. Don’t waste your time, the banks time, the Realtors time and everyone else’s time by hunting for property that you can’t buy. Get your funds arranged ahead of time.

Once you know the market, have funds or a mortgage ready and are getting foreclosure updates from your Realtor you are now ready to go. You are now prepared to act if a good deal comes across your email.

Thank you,

July 20, 2009 — Baldwin County Foreclosure… bid is 146K (0)
July 20, 2009 — Mobile AL Foreclosure… Bid is 31K worth 55-60 (0)
July 20, 2009 — Mobile Alabama Foreclosure DEAL!!!!! Saddlebrook Mobile Bid is 110K (0)

Baldwin County Foreclosure… bid is 146K

admin — Mon, 20 Jul 2009 16:01:52 +0000

Built in 05 – 1925 Sqft. – Bid is 146K – Tax value of 206K

Top of Form

07/20/2009 10:55:23 AM

Baldwin County Property Information

Parcel ID:	61-03-06-0-000-005.033	Key ID:	262171
Property Address:	1059 ORLANDO DR	Tax Year:	2007
	FOLEY AL-36535	Land Value:	45000
Owner Name:	CRIM DAVID A ETUX TERESA D	Building Value:	155200
Owner Address:	1059 ORLANDO DRIVE	Feature Value:	0155200
	FOLEY, AL 36535	Improvement Value Value:	14390
Sector/SubDiv:	PEBBLE CREEK PHASE ONE	Market Value:	206200
Area:	PEBBLE1	Assessed Value:	20620
		Annual Tax Amount:	635.46
Legal Description:	92'S X 130' LOT 30 LESS THE W 3' PEBBLE CREEK PHASE ONE SUB SLIDE 2171-D IN CITY OF FOLEY SEC 6-T8S-R4E (WD-SURVIVORSHIP )

Land Use:

SINGLE FAMILY RESIDENCE

Improvement Class:

Class:

RSSUB

Exemptions:

Acres:

YearBuilt:

2005

Eff YearBuilt:

2005

No.of Bldg:

Total Rooms:

Ext Wall 1:

BRK ON WOOD

Floor 1:

CARPET

Stories:

Bedrooms:

Ext Wall 2:

Floor 2:

VINYL

Living Sqft:

1925

Baths:

Int Wall 1:

DRYWALL

Roof Typ:

HIP-GABLE

Total Sqft:

Foundation:

SLAB-CONC

Int Wall 2:

Roofing:

SHING,ASPHLT HVY

Features:

BATH 5FX-WP;PF FRPL +1

Date	Sale Price	Book/Page	Owner	Inst	App.year	App.Value
09/28/2006		0000-1006188	GOODEN HOMES INC	IN		0

This information is believed to be correct at this time but is subject to change and is not warranted.

Bottom of Form

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

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

July 20, 2009 — Foley AL Foreclosure – Pebble Creek Baldwin County – Bid is 178K (1)
July 16, 2009 — Bid is 208K (0)
July 16, 2009 — 38 Acres in Elberta (1)

Mobile AL Foreclosure… Bid is 31K worth 55-60

admin — Mon, 20 Jul 2009 15:59:51 +0000

Mobile AL Foreclosure… Bid is 31K worth 55-60

Top of Form

07/20/2009 10:51:43 AM

Mobile County Property Information

Parcel ID:	R02-32-10-40-0-002-041.	Key ID:	01036239
Property Address:	1914 BOYKIN BLVD	Tax Year:	2008
	MOBILE AL-36605	Land Value:	15000
Owner Name:	RUDOLPH BILLY RAY & RICHARD	Building Value:	42300
Owner Address:	E LARNER 1914 BOYKIN BLVD	Feature Value:	00
	MOBILE, AL 36605	Improvement Value Value:	0
Sector/SubDiv:	MARTHA COURT	Market Value:	57300
Area:	02MC	Assessed Value:	5740
		Annual Tax Amount:	297.49
Legal Description:	LOT 16 MARTHA COURT MBK 9 P 4 #SEC 40 T5S R1W #MP32 10 40 0 002

Land Use:

SINGLE FAMILY RESIDENCE

Improvement Class:

Class:

0300

Exemptions:

Acres:

YearBuilt:

Eff YearBuilt:

1988

No.of Bldg:

Total Rooms:

Ext Wall 1:

WD FRM, NO SHEATH

Floor 1:

HARDWOOD

Stories:

Bedrooms:

Ext Wall 2:

Floor 2:

Living Sqft:

1072

Baths:

Int Wall 1:

DRYWALL (SHEETROCK)

Roof Typ:

HIP/GABLE

Total Sqft:

Foundation:

PIERS, CB

Int Wall 2:

Roofing:

SHINGLES, ASPHALT

Features:

;

Date	Sale Price	Book/Page	Owner	Inst	App.year	App.Value
04/01/2000	37000	4907-0787	RUDOLPH BILLY RAY & RICHARD	VL	A0	26200
02/21/2000	10000	4807-0086	SELMAN ROBERT R	FD	A0	26200
03/03/1999	38000	4786-1324	BROWN ANTHONY T & LESA E	VL	99	26200
10/31/1998	26015	4647-0312	SELMAN ROBERT	WD	98	26200
09/23/1998	22950	4631-0168	HOUSEHOLD FINANCE	FD	98	26200
10/02/1990	35000	3631-0781	EDEKER NOAH KARL	QD	90	23266
06/01/1976	0	1624-0317	EDEKER CAROL JANE	WD	89	23266

This information is believed to be correct at this time but is subject to change and is not warranted.

Bottom of Form

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

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

July 20, 2009 — Mobile Alabama Foreclosure DEAL!!!!! Saddlebrook Mobile Bid is 110K (0)
July 20, 2009 — Mobile AL Foreclosure – Today’s Opportunities – Mobile. Bid is 313K (0)
July 20, 2009 — Mobile County Alabama Foreclosure – Mobile. Bid is 107K (0)

Mobile Alabama Foreclosure DEAL!!!!! Saddlebrook Mobile Bid is 110K

admin — Mon, 20 Jul 2009 15:39:45 +0000

DEAL!!!!! Saddlebrook Mobile, Alabama
Bid is 110K – Worth 175K. …. Need buyer….

Top of Form

07/20/2009 10:33:32 AM

Mobile County Property Information

Parcel ID:	R02-34-02-10-0-000-005.047	Key ID:	03475340
Property Address:	2845 DOWNING WAY W	Tax Year:	2008
	MOBILE AL-36695	Land Value:	30000
Owner Name:	EDWARDS MICHAEL & SHARON	Building Value:	149200
Owner Address:	2845 DOWNING WAY E	Feature Value:	0800
	MOBILE, AL 36695	Improvement Value Value:	800
Sector/SubDiv:	SADDLEBROOK	Market Value:	180000
Area:	06SB	Assessed Value:	36000
		Annual Tax Amount:	1746.
Legal Description:	LOT 72 SADDLEBROOK UNIT 3 MBK 108/50 #SEC 10 T5S R3W #MP34 02 10 0 000

Land Use:

SINGLE FAMILY RESIDENCE

Improvement Class:

Class:

0200

Exemptions:

Acres:

YearBuilt:

2007

Eff YearBuilt:

2007

No.of Bldg:

Total Rooms:

Ext Wall 1:

Floor 1:

Stories:

Bedrooms:

Ext Wall 2:

Floor 2:

Living Sqft:

1870

Baths:

Int Wall 1:

Roof Typ:

Total Sqft:

Foundation:

Int Wall 2:

Roofing:

Features:

PAVE,CONC/L;

Date	Sale Price	Book/Page	Owner	Inst	App.year	App.Value
09/11/2006	191270	6050-1125	EDWARDS MICHAEL & SHARON	WD	A6	22000
01/05/2006	228000	5901-0577	ADAMS HOMES LLC	WD	A6	22000
07/27/2004	365750	5635-1177	SADDLEBROOK DEVELOPMENT CO	VL		0

This information is believed to be correct at this time but is subject to change and is not warranted.

Bottom of Form

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

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

July 20, 2009 — Mobile AL Foreclosure… Bid is 31K worth 55-60 (0)
July 20, 2009 — Mobile AL Foreclosure – Today’s Opportunities – Mobile. Bid is 313K (0)
July 20, 2009 — Mobile County Alabama Foreclosure – Mobile. Bid is 107K (0)

Foley AL Foreclosure – Pebble Creek Baldwin County – Bid is 178K

admin — Mon, 20 Jul 2009 15:32:22 +0000

Pebble Creek Baldwin County in Foley Alabama – Bid is 178K – Again not great deal, but good one to make offer post sale! Call me if interested!

Top of Form

07/20/2009 10:22:40 AM

Baldwin County Property Information

Parcel ID:	61-03-06-0-000-005.053	Key ID:	262191
Property Address:		Tax Year:	2007
	FOLEY AL-36535	Land Value:	45000
Owner Name:	WHITE MICHAEL JEROME	Building Value:	156500
Owner Address:	2500 BELLE CHRISTIANE CIRCLE	Feature Value:	0156500
	PENSACOLA, FL 32503	Improvement Value Value:	14230
Sector/SubDiv:	PEBBLE CREEK PHASE ONE	Market Value:	207500
Area:	PEBBLE1	Assessed Value:	41500
		Annual Tax Amount:	1369.5
Legal Description:	95' X 135' LOT 50 PEBBLE CREEK PHASE ONE SUB SLIDE 2171-D IN CITY OF FOLEY SEC 6-T8S-R4E (WD)

Land Use:

SINGLE FAMILY RESIDENCE

Improvement Class:

Class:

RSSUB

Exemptions:

Acres:

YearBuilt:

2005

Eff YearBuilt:

2005

No.of Bldg:

Total Rooms:

Ext Wall 1:

BRK ON WOOD

Floor 1:

CARPET

Stories:

Bedrooms:

Ext Wall 2:

Floor 2:

VINYL

Living Sqft:

1880

Baths:

Int Wall 1:

DRYWALL

Roof Typ:

HIP-GABLE

Total Sqft:

Foundation:

SLAB-CONC

Int Wall 2:

Roofing:

SHING,ASPHLT HVY

Features:

BATH 5FX-WP;PF FRPL +1

Date	Sale Price	Book/Page	Owner	Inst	App.year	App.Value
12/28/2005		0000-0947857	GOODEN HOMES INC	IN		0

This information is believed to be correct at this time but is subject to change and is not warranted.

Bottom of Form

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

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

July 20, 2009 — Baldwin County Foreclosure… bid is 146K (0)
July 16, 2009 — Bid is 208K (0)
July 16, 2009 — 38 Acres in Elberta (1)

Mobile AL Foreclosure – Today’s Opportunities – Mobile. Bid is 313K

admin — Mon, 20 Jul 2009 15:27:43 +0000

Not great deal. Would be good one to make lender offer post Sale.

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

Residential

Click Photo for Additional Media and Enlargement


MLS#:	158109m	Status:	Expired	LstPrce:	$399,900
Addr:	9920 DOMINION DR S	ApproxLA+/-:	3,032
	MOBILE, AL 36695	SqftSource:
IN:	SNOW RD.	Infile:	SELL DISC, WARRANTY
County:	MOBILE	Beds:	4
Area:	24 West Mobile County	Baths:	2/1
Subd:	DOMINION	YrBlt/Desc:	1996/
LotDim:	132X215X134X215	Acres:	+/-
ElemSch:	COLL	Middle:	CALL	High:	BAKE
ParcelID:	R0227-08-28-0-000-079.051
Misc:		Possession:	AT CLOSE
Terms:	CASH, CONV
Legal:	LOT B LOTS 50 7 51 THE DOMINION UNIT ONE MBK 68
Dir:	WEST ON AIRPORT BLVD., LEFT ON SNOW RD., RIGHT INTO THE DOMINION SUBDIVISION HOUSE ON RIGHT.

Remarks:

EH- YOU WILL LOVE THE BEAUTIFUL ENTRY WITH MARBLE FLOORS AND EXQUISITE AND ELEGANT CROWN MOLDING THROUGHOUT. FROM THE SWIMMING POOL TO THE SPLIT BEDROOM PLAN AND REC ROOM THIS HOME IS IDEAL FOR ENTERTAINING. LARGE KITCHEN/CENTER ISLE WITH GRANITE COUNTER TOPS. REFRIGERATOR REMAINS. IMMEDIATE OCCUPANCY.

Room Type	Lvl	Dimnsns
Add'l Bedroom		17X16
Add'l Bedroom		14X13
Add'l Bedroom		13X12
Add'l Bedroom		13X13
Kitchen		21X12
Den/FamRm		20X19
Sep DiningRm		14X11
RecRm		21X16

Car Shelter:	Y/2 GAR, ATTACHED	Porch:	Y/BACK, OPEN
Fireplace:	Y/GAS-LOG	Style:	RANCH
Stories:	1.5	BedrDesc:
Dining:	FORMAL, KIT-AREA	BathDesc:
Heat:	CENTRAL	Cool:	CENTRAL
Floor:	HARDWOOD, MARBLE, TILE, WWCARPET	Interior:	9'+CEIL, RAISCEIL, WI CLOSET
Sewer:	SEPTIC	Exterior:	FENCE, POOL, PORCH
Water:	PUBLIC	Constr:	BRICK, STUCCO
LotDesc:		WtrfrntFt:
Marine:		Wtrfrnt:	NO
Energy:	CEILFAN	Utilities:	ELECTRIC, NATURAL GAS

–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 7/20/2009 10:20:17 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

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

July 20, 2009 — Mobile AL Foreclosure… Bid is 31K worth 55-60 (0)
July 20, 2009 — Mobile Alabama Foreclosure DEAL!!!!! Saddlebrook Mobile Bid is 110K (0)
July 20, 2009 — Mobile County Alabama Foreclosure – Mobile. Bid is 107K (0)

Mobile County Alabama Foreclosure – Mobile. Bid is 107K

admin — Mon, 20 Jul 2009 15:23:41 +0000

Mobile County Alabama Foreclosure – Mobile. Bid is 107K

07/20/2009 10:08:43 AM

Mobile County Property Information

Parcel ID:	R02-28-08-38-1-002-032.	Key ID:	00605848
Property Address:	304 AZALEA RD	Tax Year:	2008
	MOBILE AL-36609	Land Value:	25000
Owner Name:	HEARN CHARLES C	Building Value:	105500
Owner Address:	304 AZALEA RD	Feature Value:	00
	MOBILE, AL 36609	Improvement Value Value:	0
Sector/SubDiv:	EAU CLAIRE	Market Value:	130500
Area:	01EC	Assessed Value:	13060
		Annual Tax Amount:	762.31
Legal Description:	LOT 2 EAU CLAIRE ESTS 1ST UNIT MBK 6 P 117-120 #SEC 38 T4S R2W #MP28 08 38 1 002

Land Use:

SINGLE FAMILY RESIDENCE

Improvement Class:

Class:

0300

Exemptions:

Acres:

YearBuilt:

Eff YearBuilt:

1986

No.of Bldg:

Total Rooms:

Ext Wall 1:

Floor 1:

CARPET & UNDERLAY

Stories:

Bedrooms:

Ext Wall 2:

WD FRM NO SH, BV

Floor 2:

Living Sqft:

2105

Baths:

Int Wall 1:

DRYWALL (SHEETROCK)

Roof Typ:

HIP/GABLE

Total Sqft:

Foundation:

PIERS, CB

Int Wall 2:

Roofing:

SHINGLES, ASPHALT

Features:

;

Date	Sale Price	Book/Page	Owner	Inst	App.year	App.Value
02/11/2005	98600	5728-0829	HEARN CHARLES C	WD	A5	103100
11/01/1988	29053	3346-0846	CARTER SHIRLEY A & GERALD M	WD	90	0
00/00/0000	0	0000-0000	CARTER SHIRLEY ANN		89	58107

This information is believed to be correct at this time but is subject to change and is not warranted.

Bottom of Form

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

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

July 20, 2009 — Mobile AL Foreclosure… Bid is 31K worth 55-60 (0)
July 20, 2009 — Mobile Alabama Foreclosure DEAL!!!!! Saddlebrook Mobile Bid is 110K (0)
July 20, 2009 — Mobile AL Foreclosure – Today’s Opportunities – Mobile. Bid is 313K (0)

Mobile Alabama Foreclosure – Mobile Bid is 31K

admin — Mon, 20 Jul 2009 15:12:09 +0000

07/20/2009 10:03:29 AM

Mobile County Property Information

Parcel ID:	R02-22-04-36-0-007-012.	Key ID:	00187602
Property Address:	393 ALDOCK RD	Tax Year:	2008
	EIGHT MILE AL-36613	Land Value:	5600
Owner Name:	OVERSTREET MARY	Building Value:	28300
Owner Address:	%LONNIE OVERSTREET P O BOX 648	Feature Value:	05600
	EIGHT MILE, AL 36613	Improvement Value Value:	5600
Sector/SubDiv:	ALDOCK ROAD	Market Value:	39500
Area:	04AD	Assessed Value:	7900
		Annual Tax Amount:	485.85
Legal Description:	ALL THAT PT OF LOT 4 OF S/D OF LOT 6 OF THE BELL CHASTANG GRANT T3S R1W DBK 146 N S P 413 BOUNDED BY A LINE DESC AS BEG AT A PT ON E/L OF SD LOT 4 160 FT SLY FROM NE COR OF SD LOT 4 TH SLY ALG SD E/L 80 FT TO A PT TH WLY AT RT ANG TO E/L 210 FT TO A PT TH NLY & PAR WITH SD E/L 80 FT TO A PT TH ELY 210 FT TO POB M/L BEING BOUNDED ON N BY PPTY NOW OR FORMERLY OF RUSSELL GILBERT ET AL ON E BY THE E LINE OF SD LOT 4 & ON THE W BY PPTY NOW OR FORMERLY OF BESSIE A MAIEX & BEING PT OF SAME PPTY HERETOFORE CONVEYED TO ALBERT G COCHRAN BY MARY J COCHRAN ET AL BY DEED DTD 11-11-1905 DBK 120 N S P 218 #SEC 36 T3S R1W #MP22 04 36 0 007

Land Use:

SINGLE FAMILY RESIDENCE

Improvement Class:

Class:

0200

Exemptions:

Acres:

YearBuilt:

1942

Eff YearBuilt:

1983

No.of Bldg:

Total Rooms:

Ext Wall 1:

ALUMINUM SIDING

Floor 1:

CARPET & UNDERLAY

Stories:

Bedrooms:

Ext Wall 2:

Floor 2:

Living Sqft:

1050

Baths:

Int Wall 1:

Roof Typ:

HIP/GABLE

Total Sqft:

Foundation:

PIERS, CB

Int Wall 2:

Roofing:

SHINGLES, ASPHALT

Features:

CARPORT/8;UTILITY/AV

Date	Sale Price	Book/Page	Owner	Inst	App.year	App.Value
09/24/2004	3080	5664-0042	OVERSTREET MARY	WD	A4	32200
07/09/2002	9000	5188-1076	OVERSTREET TERRANCE	WD	A2	30700
04/01/1999	15000	5122-0617	OVERSTREET MARY P	CCD	99	28200
12/16/1991	0	3815-0462	OVERSTEET LONNIE & MARY P	WD	91	18443
00/00/0000	0	0000-0000	GILBERT ERWIN L & JANIE		89	15630

This information is believed to be correct at this time but is subject to change and is not warranted.

Bottom of Form

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

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

July 20, 2009 — Mobile AL Foreclosure… Bid is 31K worth 55-60 (0)
July 20, 2009 — Mobile Alabama Foreclosure DEAL!!!!! Saddlebrook Mobile Bid is 110K (0)
July 20, 2009 — Mobile AL Foreclosure – Today’s Opportunities – Mobile. Bid is 313K (0)

Alabama Foreclosures – Baldwin County Foreclosures – Mobile County Foreclosures

admin — Mon, 20 Jul 2009 13:16:15 +0000

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.

July 17, 2009 — More Homes Being Auctioned at Courthouse! Subscribe to this site to find out about Baldwin and Mobile County Foreclosure Auctions. (0)
July 8, 2009 — Buying Foreclosures at the Courthouse Steps (0)
July 20, 2009 — Baldwin County Foreclosure… bid is 146K (0)

More Homes Being Auctioned at Courthouse! Subscribe to this site to find out about Baldwin and Mobile County Foreclosure Auctions.

admin — Fri, 17 Jul 2009 18:34:20 +0000

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

July 20, 2009 — Alabama Foreclosures – Baldwin County Foreclosures – Mobile County Foreclosures (0)
July 8, 2009 — Buying Foreclosures at the Courthouse Steps (0)
July 20, 2009 — Baldwin County Foreclosure… bid is 146K (0)

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

admin — Fri, 17 Jul 2009 17:50:43 +0000

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, 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

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

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

July 20, 2009 — Baldwin County Foreclosure… bid is 146K (0)
July 20, 2009 — Mobile AL Foreclosure… Bid is 31K worth 55-60 (0)
July 20, 2009 — Mobile Alabama Foreclosure DEAL!!!!! Saddlebrook Mobile Bid is 110K (0)

Bid is 208K

admin — Thu, 16 Jul 2009 14:52:28 +0000

Any bidders for this property? Current bid is 208K! See old sale data below!

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

Residential

Click Photo for Additional Media and Enlargement


MLS#:	145668p	Status:	Sold	LstPrce:	$379,900

Addr:

11342 ST IVES CT

ApproxLA+/-:

2,515

DAPHNE, AL 36526

SqftSource:

IN:

HALCYON LOOP

Infile:

WARRANTY

County:

BALDWIN

Beds:

Area:

42 Daphne/Montrose/SpFort

Baths:

3/0

Subd:

AVALON

YrBlt/Desc:

2006/

LotDim:

86X179X136X174

Acres:

+/-

ElemSch:

DAPH E

Middle:

DAPH

High:

DAPH

ParcelID:

AVALON IN DAPHNE, AL

Misc:

Possession:

AT CLOSE

Terms:

CASH, CONV

Legal:

LOT 93 U3

Dir:

AVALON TO AVALON BLVD & RIGHT ON HALCYON LOOP & LEFT ON ST IVES CT & HOME ON THE RIGHT

Remarks:

BEAUTIFUL NEW ARK BUILT HOME IN AVALON. LARGE COVERED & SCREENED PORCH & ADDITIONAL 12X31 DECK OVERLOOKING TREE-LINED WOODS & WETLANDS. HOME IS VERY VERSATILE.

Room Type	Lvl	Dimnsns
Master BR	1	18X14
Add’l Bedroom	1	13X13
Add’l Bedroom	1	13X13
Add’l Bedroom	2	17X14
Kitchen	1	13X12
Den/FamRm	1	19X18
Sep DiningRm	1	14X13
Laundry	1	8X5

Car Shelter:	Y/2 GAR, ATTACHED	Porch:	Y/BACK
Fireplace:	Y/GAS-LOG	Style:	COTTAGE
Stories:	1.5	BedrDesc:	MBR DWN, SPLIT
Dining:	BKF BAR, KIT-AREA, SEPARATE	BathDesc:	GARDEN TUB, SEP SHOWER
Heat:	CENTRAL	Cool:	CENTRAL
Floor:	HARDWOOD, TILE, WWCARPET	Interior:	9′+CEIL, WI CLOSET
Sewer:	PUBLIC	Exterior:	DECK, PORCH
Water:	PUBLIC	Constr:	BRICK, HARDBOARD
LotDesc:	SUBDIVISION	WtrfrntFt:
Marine:		Wtrfrnt:	NO
Energy:	CEILFAN, THERMDR, XINSULATION, DBLPANE	Utilities:	UNDERGROUND, NATURAL GAS

SoldPrice:	$387,800			SldTrms:	CONVENTIONAL	SF:	2515
	SO:	(NMLS01) NOT MULTILPLE LISTING	SA:	(NONMLS) NOT MULTIPLE LISTING	CL:	11/14/2006	$/Sqft:	$154.19

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

–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 7/16/2009 9:48:17 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

July 20, 2009 — Baldwin County Foreclosure… bid is 146K (0)
July 20, 2009 — Foley AL Foreclosure – Pebble Creek Baldwin County – Bid is 178K (1)
July 16, 2009 — 38 Acres in Elberta (1)

Alabama Foreclosures - Mobile and Baldwin Counties - Distressed Property Vulture Fundalabama foreclosures | Finding a foreclosure |

Finding a foreclosure

An interesting article from our friend Marc Rasmussen in Sarasota

Finding a Foreclosure

3 Tips to Finding a Great Deal in Foreclosures and Short Sales

1) Learn the market

2) Find a Good Realtor

3) Prepare and Act Quickly

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