Gulf Shores Foreclosures and Short Sales – The Time To Buy Is Now
By Lance Steffek
(Re/Max Paradise)
Headlines tell us that foreclosures are dropping, and local real estate agents agree. According to RealtyTrac’s latest report, Alabama saw a 17% drop in foreclosure filings in the first half of this year compared to the first half of 2010. The same report shows that the number of foreclosure filings in Alabama for the month of June 2011 was 1,458. This is 20.4% decrease from the same month last year. It is good news that the numbers of foreclosures are dropping in GulfShores and the rest of the state. This is certainly healthy for the real estate market. However for those in the market to buy, my advice is to move quickly to take advantage of great bargains and wise investments. Many 3-year adjustable mortgages were given out in 2008 and these have resulted in some of the foreclosures ...
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