Birmingham Foreclosed Homes and Houses for Sale

An Affluent & Developing City

Birmingham, nicknamed “the Pittsburgh of the South” and “the Magic City”, is the county seat of Jefferson County in Arizona State, the US. Certain areas of Birmingham intrude into the adjacent Shelby County too. Birmingham is an economically developing city and has manifested a consistent growth in its per capita income. It counts as among the vital business and banking centers in southeastern US. Birmingham is home to the headquarters of five Fortune 1000 companies, including one Fortune 500 company. It should, therefore, prove worthy of relocation to by high-tech professionals intent on rapid prosperity.

Birmingham is the focal city of the Birmingham-Hoover Metropolitan Statistical Area, which is popularly called Greater Birmingham. Other cities and towns in the vicinity of Birmingham include the following: Adamsville, Concord, Brighton, Homewood, Cardiff, Fultondale, Clay, Graysville, Edgewater, Irondale, Fairfield, Mount Olive, Forestdale, Morris, Gardendale, Minor, Grayson Valley, Midfield, Helena, Lipscomb, Homewood, Hoover, Oak Grove, Irondale, Tarrant, Kimberly, Trafford, Leeds, Trussville, McDonald Chapel, Mount Olive, Vestavia Hills, Mountain Brook, Pleasant Grove, West Jefferson, Sumiton, Warrior and Sylvan Springs. {290}

Birmingham Real Estate Market Overview

You can learn about the forthcoming foreclosure auctions in Birmingham firstly from the newspapers. The intending auctioneers are required by law to inform the public about the scheduled property auctions by releasing at least three advertisements in the newspapers. The first advertisement is to be issued at least 20 days before the proposed date of the auction. This period should prove adequate for any prospective homebuyer to discover all material details about the property on sale, as well as to make personal site visits to inspect the physical condition of the house. The newspapers also function to enlighten astute real estate investors about tentative pre-foreclosure deals by investigating the notices of default issued to homeowners defaulting on their mortgage payments by the lending authorities.

A bird’s eye-view of Birmingham real estate market yields the following picture. There are currently just 97 foreclosed homes and houses for sale at its real estate listings auctions, with the median listed price of an inviting $53,000. Besides, there are 1,156 other houses on sale, bearing an average quoted price of $139,900. It is obvious that the price of the average foreclosed home in Birmingham is over a third of the median going rate for other houses. Helen Crow Mills, Tom Carruthers, Diane Dameron and Nancy Tran could help you to maneuver your way through the Birmingham real estate listings auctions, being influential property brokers active there.

Latest market research has identified the Top 10 US Foreclosure Cities as Merced {California}, Modesto {California}, Stockton {California}, Riverside {California}, Detroit {Michigan}, Fort Lauderdale {Florida}, Cape Coral {Florida}, Vallejo {California}, Las Vegas {Nevada} and Sacramento {California}. Likewise, the Forbes magazine has come up with its list of the Top 10 US Cities for Buying a Foreclosed Home in. It ranks these cities as follows: Charlotte {NC}, Raleigh {NC}, Nashville {TN}, Oklahoma City {OK}, San Antonio {TX}, Albuquerque {NM}, Knoxville {TN}, Seattle {WA}, Indianapolis {IN} and Washington-Arlington-Alexandria.

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