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Montgomery Foreclosures – Trends

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By : John Smith    99 or more times read
According to WSFA 12 News, those who are closing deals on new homes may be “stressful”. Montgomery people are at risk of losing their homes and many homes have been put on the Montgomery foreclosures list because the families could not pay their mortgage. Imagine how those people feel who have paid all that money into their property and because they could not make mortgage payment for one or two months they lose their home. It is stressful for everyone. (Holyoke, 2000-2009)

Countless of American people are losing their homes every single day. Just last month 240,000 people lost their property and that is an international count. According to WSFA 12 News that is one “for every 519 houses” in foreclosure. This is according to WSFA “a record high.” Three states right now are in the most trouble and those states are Nevada, California and Arizona. Alabama seems to be doing well at this point. Yet, Alabama lenders rather see homeowners keep their homes rather than lose them for missing one or two payments.

Since there are good Samaritans in Alabama, they have the highest rank in succeeding. Alabama has ranked in foreclosures as the “42nd” state in the United States. This means over 640 homes went into the Montgomery foreclosures list. This is a big drop in foreclosures, which equals around 29 percent fall during April. (Holyoke, 2000-2009) Compared to other states, this is an outstanding record for Birmingham, yet there are still lots of properties to invest in and to buy.

The Alabama trends are noted due to the “booming economy and strong industry.” Long stated in WSFA 12 News that the “need to save an extra 1%” is not necessary especially because the “average sales price is around $160,000.” Alabama lenders want homeowners to continue living in their homes so they have set up a complete “department that handles” repayment schedules, says Vicki Williams, one of Alabama’s mortgage brokers. (Holyoke, 2000-2009)

Despite that Alabama is doing well, there is still foreclosed property to be bought. Right now you can save 20% and more on manors, enthralling estates, and bungalows in Birmingham, Alabama. A real estate foreclosures service provider reported that the latest trends in Alabama include:

New foreclosed filings in February were 713 with a YTD of 1,633: foreclosed sales estimated to 146 and the average sales price is $209,318 with a total savings of 19 percent and YTD at 23 percent. This is a huge drop in foreclosed deals, especially when you compare it to other states including in some areas in Alabama.

What this means is that you can save a lot of money investing in Montgomery foreclosures. On the Internet is the place to find great deals on bungalows, estates, manors, homes, commercial property and so forth.
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