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Monday, August 31, 2009

Foreclosures in Mobile County

There are currently 111 homes available for purchase in Mobile County that are foreclosures. Foreclosures can also be labeled as REO (Real Estate Owned) or Bank-Owned properties. Consumers seem to be drawn to foreclosures because generally they are priced a little lower than standard resale homes are in the real estate market. As a consumer, you need to be aware that most of these foreclosure homes will need a little TLC or updating. Some homes will require a significant investment in update costs. The appliances such as stoves and dishwashers could be missing. In Alabama, you also need to be aware of the 'Right of Redemption' for foreclosures. If you are interested in buying a foreclosure, please contact me @ (251) 215-9382 or Steve@GulfRegionProperties.com and we will develop a plan for you.

Please check the table below for current foreclosure homes available in Mobile County. Click on the number shown in the number of listings column for summary data. Then click on the MLS number for detail data for the specified home.


.

Price Number of Listings

.

Under $50,000 35

.

$50,000 - $100,000 31

.

$100,000 - $150,000 18

.

$150,000 - $200,000 11

.

$200,000 - $250,000 4

.

Over $250,000 12

.

Total 111

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