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Saturday, October 1, 2011

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Valley MLS search; One year right of redemption October 1, 2011


Huntsville Space Camp
We had a closing and a difficult new contract to purchase to hammer out yesterday.







The house you asked about at the following link is a bank owned home. xxxxxx is the stated owner. Please note that if the one year right of redemption from the foreclosure date has not expired, a lender will require a redemption bond in order to approve a loan. The lastredemption bond a client of mine purchaser was in the $3,000 range. The bond only protects the lender in the event that the former owner I=or hisassignee redeems the house. The house has been on the market since 09/14/11.
\nalmls.com/NALMLSReports Huntsville MLS search /ListitLib/show_report.aspx?ID=7256814571The link below is to the listing where the former owner attempted to sellthe house in 2010 for $314,500.
Valley MLS .com/NALMLSReports/ListitLib/show_report.aspx?ID=725681457178
The house is listed at $229,900 / $80 per square foot. The link below is toa summary of MLS activity in the neighborhood since 10/01/10. Of the fivesold homes the average sold price was $94 per square foot with a range of$89 to $101 per square foot. Based on the sales data and assuming the houseis in decent condition it is priced aggressively.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=772568145710
The link below is to the Google satellite image of the house;
http://maps.google.com/maps?q=105+,+7256814571AL+35748&hl=en&ll=34.759455,-86.403319&spn=0.003958,0.01442&sll=37.0625,-95.677068&sspn=31.28862,84.814453&vpsrc=6&hnear=7256814571=h&z=17
I have attached a flood map of the area surrounding the house. It doesn’tappear to be in or near a flood zone.
The links below are to data on the schools that serve the home.
http://www.schooldigger.com/go/AL/schools/0222001684/school.aspx
http://www.schooldigger.com/go/AL/schools/0222000556/school.aspx
Filed under: huntsville alabama mls,huntsville mls,huntsville mls search,mls huntsville,valley mls Tags: , ,
Valley MLS Search; One year right of redemption on forclosure
October 1st, 2011 7:12 PM

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