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 last redemption 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 his assignee 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=7256814571
The link below is to the listing where the former owner attempted to sell the 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 to a summary of MLS activity in the neighborhood since 10/01/10. Of the five sold 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 house is 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't appear 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
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