If you're looking for foreclosure listings, Alabama has a wide variety of resources
If you're looking for foreclosure listings, Alabama has a wide variety of resources such as banks and lenders that want to recoup losses on distressed properties. As a buyer, you may be able to get a great deal on a foreclosed home if you know where to look. Here are some resources for Alabama real estate foreclosure listings.
For the U.S. Department of Housing and Urban Development ( HUD ) foreclosure listings in Alabama, you can check out the HUD home sale website. You can search homes by case number, address, home specifications and even photos. You’ll get the list price and the deadline for submitting bids. If you are interested in buying the home with FHA financing or obtaining a 203K rehab loan, the site provides that information as well.
You can also find Alabama homes in foreclosure at many online sites. Banks and other mortgage lenders and real estate agents will have foreclosed homes on their websites. You can ask for printed lists from local lenders and agents.
Some traditional resources for Alabama real estate foreclosure listings are newspapers and county clerks of court. Lenders have to post notices of sale and auctions in both places before selling a foreclosed home.
Alabama has a lot of inventory on the market, and doing your research ahead of time can help you get the home you want at the price you feel comfortable paying. RealtyNow can also help you find foreclosure listings and real estate agents who specialize in foreclosure.