Will 2014 be the year we finally say, the crisis is over for Gulf Shores foreclosures? According to Daren Blomquist, vice president of RealtyTrac, there is strong evidence to suggest that foreclosures are no longer a threat to the Gulf Shores housing recovery. The latest foreclosure data suggests the Gulf Shores housing market is heading […]
Gulf Shores Home Foreclosure – Should You File Bankruptcy?
Just because you’re experiencing a Gulf Shores home foreclosure, it is not necessarily reason for you to also file bankruptcy. The government has extended the rule that excludes you from paying income tax on money owed to a mortgage lender, but only for one more year – through 2014. Check out our other articles and […]
Foreclosure Home Turns Into Nightmare
We've often times warned readers of this blog to steer clear of a foreclosure home, no matter how good of a deal it may seem. This NBC News investigative report is just one of many reasons why we continue to discourage anyone from buying a Gulf Shores foreclosure home… Buying a Gulf Shores foreclosure home […]
Gulf Shores Foreclosure Crisis End In Sight
The apparent end to the Gulf Shores foreclosure crisis and the foreclosure crisis nationwide seems to be in sight. Today, less than half the number of homes are in or facing foreclosure as those facing the same fate in 2010 when the Gulf Shores foreclosure crisis was at its peak. While foreclosures are going down, Gulf […]
Gulf Shores Foreclosure Crisis Seemingly Ending
We still have a ways to go, but it would appear that the Gulf Shores foreclosure crisis, as well as the foreclosure crisis nationwide, is finally coming to an end. Latest figures from RealtyTrac show that foreclosure filings have continued on their downward trend, falling to the lowest level at the end of January since […]
Gulf Shores Foreclosures Shifting to Short Sales
Gulf Shores foreclosures are slowing as banks are increasingly turning to so-called short sales to avoid the lengthy process of selling properties they once only sold by foreclosures. The foreclosure process slowed sharply in many states that require courts to review home seizures after a barrage of legal challenges to the process lenders use to […]
Why Gulf Shores Foreclosures Don’t Sell
Gulf Shores foreclosures can take a long time to sell, and depress other property values in the meantime. Ever wonder why that house on your street is just sitting there and making the neighborhood look run down? It’s not hard to spot these un-cared for homes with the peeling paint, overgrown lawns, and bushes that […]
Gulf Shores Senior Citizens at Risk of Foreclosure
Gulf Shores senior citizens are among a growing segment of the population over the age of 50 who are falling into serious mortgage debt. According to a report from AARP, more than three million borrowers over the age of 50 are at risk of losing their homes to foreclosure. Since the housing crisis began, more […]
Gulf Shores Housing Inventories Are Falling
Gulf Shores housing inventories are down. The National Association of Realtors (NAR) reports that inventories fell by 1.3 percent in March, leaving inventories 21.8 percent below their year-earlier levels. Home sales have now posted year-over-year gains in each of the last nine months. But in almost all of those months, the number of homes for […]
Gulf Shores Foreclosures: How the Rich Get Richer
Gulf Shores foreclosures continue to be the main reason why it’s a tough time to sell. Fannie Mae is selling foreclosed Gulf Shores homes, but not to the general public. If you have questions about Gulf Shores foreclosures, or Gulf Shores homes for sale, please don’t hesitate to contact us or post them using our […]