Articles about Alabama Foreclosures

The problem of foreclosure homes had a great impact on a plateau nearly six months ago that had a negative impact on the real estate. According to Daniel Craven of Gulf Shores, they are not in a desperate financial situation as in other parts of the country. He further said, “And collection efforts on delinquencies [...]

Alabama has shown a record of 3,529 homes facing the problem of foreclosures from January to June of 2008 according to RealtyTrac, a real estate company that keeps a check on foreclosures. It is actually a 10.1 percent hike from what it was during the same period in the last year. About 3,203 homes in [...]

Although foreclosure laws can vary by state, most are standard. An example of a variance in law is with Alabama. In Alabama a lender is allowed to foreclose on a deed of trust or mortgage in default using either a judicial or non-judicial foreclosure processes.
A judicial foreclosure is one in which a lawsuit is filed [...]