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Displaying blog entries 1341-1350 of 1997

Montgomery Real Estate For Sale: 3115 Lexington Road Montgomery, AL 36106

Monday, January 21, 2013
by The Hat Team

Montgomery Real Estate For Sale

3115 Lexington Road Montgomery, AL 36106

This classic home sits on a quiet street as is waiting for a new owner. Covered front porch invites you in to large living room with fireplace and built-in bookshelves. Moorish style archway leads you into formal dining room, which is adjacent to the oversized eat-in kitchen with LOTS of counter and cabinet space. Bedroom three is a "swing" room off the kitchen and has previously been used as a den/study. Out back is a deck for relaxing, a fenced and well-manicured yard, and a detached 1 car garage best suited for workshop/storage. Current owner has already done all of the expensive upgrades like new roof, new water heater, and fresh exterior paint...now this home is ready for YOUR personal decorating touches . You can find all this in historic Cloverdale/Idlewild, one of Midtown's favorite neighborhoods, at a price that is RIGHT!

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.

 You can reach Sandra by filling out the online contact form below or give her a call anytime.

 

 

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New Credit Scoring Helps Buyers of Montgomery AL Real Estate

Friday, January 18, 2013
by The Hat Team

The most important item in a consumer's financial resumé today is his/her credit score. The rating system most widely used currently is the "FICO" (Fair Isaac Corporation) score, the standard measure for credit risk. Developed in 1989, this three-digit number between 300 and 850 predicts one’s creditworthiness. The higher a credit score, the more likely loan approval and/or favorable interest rates.  Click here and here for more in-depth information on how your credit rating may impact your desire to buy Montgomery AL real estate.

credit reportRecently, however, FICO has teamed up with data provider CoreLogic on a new credit scoring system specifically for mortgage lenders aimed at giving them more confidence in risk taking and hopeful homebuyers of Montgomery AL real estate more credit for good financial decisions.  The FICO Mortgage Score Powered by CoreLogic uses the FICO model to mine information from a new CoreLogic credit report, much as the old model worked with other data sources to produce the familiar FICO score.

The new system supplements traditional credit data with property transaction data, landlord and tenant information, borrower-specific public data, and other alternative credit information that creates a more complete and predictive evaluation of a consumer's credit risk profile to help lenders better manage risk.

Will this new system benefit folks applying for a mortgage on Montgomery AL real estate? 

Yes, says Bradley Graham, a FICO senior director.. "A significant portion of people moved up on the new credit score scale and did so with an increase in predictiveness," he said.  "For example, about 23 percent of persons with a credit score below 680 moved above that score, often way above," Graham noted.   He predicted that 8% would score above 757 and an additional 3% would rank higher than the current 715 median score.   Also, validation studies run by the company found the scoring was 7.5 times more predictive of loan risk performance than the current models.

No, according to a recent article in U.S. News and World Report.  It argues that the addition of CoreScore  will greatly increase a bank's access to personal finance information (and possible misinformation) including  property values and taxes, tax liens, alimony judgments, pay day loans, and rent payments.

As only about 25 lenders currently use the new scoring system (not yet approved for Freddie Mac/Fannie Mae), its future is uncertain.

Search all Montgomery AL Real Estate And Homes For Sale.

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the Montgomery AL real estate market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.

Interested in buying a bank-owned home? Get bank-owned listings alerts FREE!

You can reach Sandra by filling out the online contact form below or give her a call anytime.

 

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Montgomery Real Estate For Sale: 3126 Jasmine Road Montgomery, AL 36111

Wednesday, January 16, 2013
by The Hat Team

Montgomery Real Estate For Sale:

3126 Jasmine Road Montgomery, AL 36111

Take A Tour

No, it's not Palm Springs! This one of a kind, meticulously restored, two owner mid-century modern home is right here in McGehee Estates. Constructed of stacked marble (locally mined in Sylacauga) and lauan mahogany walls, there is no way you could build this kind of home in today's market. Not only is it a glamorous place to entertain, it's also a wonderful family home. Whether you are having a party in the fantastic step down great room/dining room, breakfast room with fireplace or gourmet kitchen, or you are relaxing with the kids in the cozy den/study or the lovely family room with surround sound, this amazing house has it all. The bedrooms are spacious and each one has its own original feature, and all of the rooms have custom built-ins. The unique layout is centered around a huge gunite pool that you can see from almost every room and yet, it's totally private. Every square inch of the property has been professionally landscaped. This is a rare opportunity to own a Montgomery landmark in one of Midtown's most popular neighborhoods.

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.  You can reach Sandra by filling out the online contact form below or give her a call anytime.

 

 

 

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Montgomery Real Estate For Sale: 1466 Woodley Road Montgomery, AL 36106

Wednesday, January 16, 2013
by The Hat Team

Montgomery Real Estate For Sale

1466 Woodley Road Montgomery, AL 36106

This custom town home is tucked away in a hidden nook behind Huntingdon College. The living space has an open feel, with soaring ceilings and an elegant brick entryway. Big master bedroom has "sunken" effect with step down from hallway. Big picture window in entry of master bedroom overlooks private courtyard area that is screaming for some custom landscaping and personal statuary. You and yours can spread out in the roomy master bathroom, with double sinks, garden tub, and separate shower. Up the "floating" staircase you will find two more bedrooms, an office "nook" and lots of storage. Rear deck and courtyard area is private and could be an eden with a little TLC. Needs some lipstick and rouge, but priced accordingly for location, size, and overall condition!

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.

 You can reach Sandra by filling out the online contact form below or give her a call anytime.

 

 

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Montgomery Real Estate For Sale: 341 Winthrop Court Montgomery, Al 36104

Wednesday, January 16, 2013
by The Hat Team

Montgomery Real Estate For Sale

341 Winthrop Court Montgomery, Al 36104

Incredible Craftsman style renovation on one of the Garden Districts best kept streets. Beautiful reclaimed columned mantle greets you upon entry into large formal living room with built in book cases. Large formal dining adjoins with windows on two sides with lots of sunlight. Three nice sized bedrooms and refinished floors will be the perfect complement to your furnishings. You will enjoy new hard tile flooring in kitchen as well as new appliances, cabinets, granite countertops, tile back splash, flush can lighting, bead board wainscoting and ceiling. Wonderful eat-in area off kitchen is conveniently located next to French doors to covered area perfect for cook outs. Back deck has commanding view of treed and private rear yard. Baths will entertain you with new fixtures, new hard tile floors, vaulted ceiling, jetted tub and antique vanity with double sinks. Almost forgot to mention a real front porch for sitting and watching neighbors pass. Seize the opportunity to buy that rare vintage home with all the new things you would want in an old one. One year warranty included. Easy to show. Give us or your favorite agent a call today.

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.

 You can reach Sandra by filling out the online contact form below or give her a call anytime.

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Montgomery AL Foreclosure Trends - November 2012

Friday, January 11, 2013
by The Hat Team

There were 802 Montgomery AL foreclosure homes for sale with 1 in every 775 housing units receiving a foreclosure filing in November 2012. The average selling price of a Montgomery AL home was $102,112 and the average foreclosure selling price was $92,251, a $9,861 savings according to RealtyTrac.com.

Montgomery AL Foreclosure Activity and 30 Year Interest Rate

Montgomery interest rates averaged 3.35% in November while the number of foreclosed homes climbed from 104 to 122.

montgomery al foreclosure

Foreclosure activity is based on the total number of properties that receive foreclosure filings – default notice, foreclosure auction notice or bank repossession – each month. Interest rate is based on the average 30-year fixed rate from Freddie Mac Primary Mortgage Market Survey.

Montgomery AL Foreclosure Geographical Comparison

Montgomery AL foreclosure activity was 0.01% lower than national statistics, 0.03% higher than Alabama and 0.01% higher than Montgomery County statistics in November 2012.

montgomery al foreclosure

Montgomery AL Foreclosure Activity by Month

The number of Bank-Owned properties increased from 52 homes in October to 69 in November. The number of Auctions rose from 52 to 53 and there is a 6-month rising trend.

montgomery al foreclosure

Are you or someone you know behind on mortgage payments and facing a Montgomery foreclosure? You do have options. A short sale may be the answer to saving you, your family and your home. I am a Certified Distressed Property Expert (CDPE) with specialized training in helping families avoid foreclosure. Give me a call for a private consultation.

Search all Montgomery AL Real Estate And Homes For Sale.

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the Montgomery AL real estate market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.

Interested in buying a bank-owned home. Get bank-owned listings alerts FREE!

You can reach Sandra by filling out the online contact form below or give her a call anytime.

 

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Montgomery Real Estate For Sale: 3836 Lockwood Lane Montgomery, AL 36111

Thursday, January 10, 2013
by The Hat Team

Montgomery Real Estate For Sale

3836 Lockwood Lane Montgomery, AL 36111

Sacrifice sale! Own your dream home in Lockwood, Montgomery's hot new gated Midtown community, for pennies on the dollar. This lot and others like it sold originally for $60,000 or more. Now yours for just $12,500 subject to lender approval. The Bank's loss is your gain so act now!!

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.

 You can reach Sandra by filling out the online contact form below or give her a call anytime.

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Montgomery Real Estate For Sale:441 S Highland Court Montgomery, AL 36104

Thursday, January 3, 2013
by The Hat Team

Montgomery Real Estate For Sale

441 S Highland Court Montgomery, AL 36104

Potential abounds in this late Victorian 2-story that once was a beauty (photos shot in 2004 when owner occupied) and can be again! Good bones and needs plaster repair and fresh paint AFTER new owner installs badly needed new roof. Great dead-end location keeps gremlins away and adjacency to church parking lot allows for entertaining in the style which a renovated like this home will provide you. Perfect candidate for an FHA 203k renovation loan--call your agent or favorite lender for details.

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.

 You can reach Sandra by filling out the online contact form below or give her a call anytime.

 

 

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Real Estate Provisions in “Fiscal Cliff” Bill

Thursday, January 3, 2013
by The Hat Team

On January 1, 2013 both the Senate and House passed H.R. 8 legislation to avert the “fiscal cliff.” The bill will be signed shortly by President Barack Obama.

fiscal cliffBelow is a summary of real estate related provisions in the bill as summarized by the National Association of Realtors:

Real Estate Tax Extenders

  • Mortgage Cancellation Relief is extended for one year to Jan. 1, 2014
  • Deduction for Mortgage Insurance Premiums for filers making below $110,000 is extended through 2013 and made retroactive to cover 2012
  • 15-year straight-line cost recovery for qualified leasehold improvements on commercial properties is extended through 2013 and made retroactive to cover 2012
  • 10 percent tax credit (up to $500) for homeowners for energy improvements to existing homes is extended through 2013 and made retroactive to cover 2012

Permanent Repeal of Pease Limitations for 99% of Taxpayers

Under the agreement so called “Pease Limitations” that reduce the value of itemized deductions are permanently repealed for most taxpayers but will be reinstituted for high income filers. These limitations will only apply to individuals earning more than $250,000 and joint filers earning above $300,000. These thresholds have been increased and are indexed for inflation and will rise over time. Under the formula, the amount of adjusted gross income above the threshold is multiplied by three percent. That amount is then used to reduce the total value of the filer’s itemized deductions. The total amount of reduction cannot exceed 80 percent of the filer’s itemized deductions.

These limits were first enacted in 1990 (named for the Ohio Congressman Don Pease who came up with the idea) and continued throughout the Clinton years. They were gradually phased out as a result of the 2001 tax cuts and were completely eliminated in 2010-2012. Had we gone over the fiscal cliff, Pease limitations would have been reinstituted on all filers starting at $174,450 of adjusted gross income.

Capital Gains

Capital Gains rate stays at 15 percent for those in the top rate of $400,000 (individual) and $450,000 (joint) return. After that, any gains above those amounts will be taxed at 20 percent. The $250,000/500,000 exclusion for sale of principle residence remains in place.

Estate Tax

The first $5 million dollars in individual estates and $10 million for family estates are now exempted from the estate tax. After that the rate will be 40 percent, up from 35 percent. The exemption amounts are indexed for inflation.

Search all Montgomery AL Real Estate And Homes For Sale.

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the Montgomery AL real estate market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.

Interested in buying a bank-owned home? Get bank-owned listings alerts FREE!

You can reach Sandra by filling out the online contact form below or give her a call anytime.

 

Add Comment

Montgomery Real Estate For Sale: 223 Oak Forest Drive Montgomery, AL 36109

Wednesday, January 2, 2013
by The Hat Team

Montgomery Real Estate For Sale

223 Oak Forest Drive Montgomery, AL 36109

This charming home sits at the quiet end of a small street and is ready to move into! Front porch and great front deck are inviting places to relax and greet neighbors and visitors. The cozy living room has a fireplace and wonderful built-in bookshelves for your family photos and other treasures to be displayed. Both the kitchen and bath have been updated, meaning all you have to do is move in and unpack. The large back yard has soaring mature shade trees, full fence for family pet, and a covered patio for relaxing and entertaining. Priced to sell, come see this gem before someone grabs it from you!

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.

 You can reach Sandra by filling out the online contact form below or give her a call anytime.

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Displaying blog entries 1341-1350 of 1997

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