Foreclosure Report – Madison County Week of 16 Feb 2015 Madison County, AL, United States PREPARED FOR Weekly Foreclosure Report - Madison County FEBRUARY

Foreclosure Report – Madison County Week of 16 Feb 2015

Madison County, AL, United States

PREPARED FOR

Weekly Foreclosure Report - Madison CountyFEBRUARY 20, 2015

Loretta Largo | Leading Edge RE Group | 924 Merchants Walk | Mobile: 2566522983 |[email protected] | www.searchhuntsvillemls.com

RESUME INTRO

Loretta Largo

Affiliation:

• Leading Edge RE Group

Experience:

• Broker, RDCPro, GRI, ePro, Realtor

Professional Associations:

• National Association of Realtors, North Alabama Real Estate Board Member


COMPARABLE PROPERTY STATISTICS ANALYSIS

Active Listings

Number of listings 17

Lowest price $5,500

Average price $111,059

Highest price $399,900

Avg price per sqft $55

Avg DOM 39


OUR COMPANY INTRO

Leading Edge Real Estate Group is the fastest growing privately-owned real estate company in NorthAlabama! We have over 100 agents in the Huntsville, Madison, Hazel Green, Guntersville, Smith Lakereal estate markets and will soon be opening offices in both Athens and Florence Alabama. Our goal isto make the real estate experience for both buyers and sellers as easy as possible. We have verytalented and passionate individuals in our company that really love what they do and their clients will tellyou that Leading Edge RE Group is always looking out for their client's best interest first. We hope youconsider us when you are ready to make a real estate transaction today or in the near future.

Our company is a multifaceted business that operates with you, the customer, at the forefront of our day-to-day operations. We are well known and respected in the community and our philosophies are basedon both honesty and integrity. As a client centered business, you will receive personal service and bebacked by a reputable company.

We implement multi-level marketing strategies that benefit our clients with every transaction. Our realestate agents have extensive access to information about the communities in which they deal. Thisincludes, but is not limited to: schools, populations, recreation, entertainment, home values, growthpotential and surrounding areas. Many agents live in the areas we serve and therefore can moreaccurately overcome potential obstacles and focus on the unique needs of our clients.

Our commercial division is well-equipped to provide today's growing number of real estate investors withopportunities for both income and commercial properties.

The real estate market is always changing and as a result, our agents regularly attend training sessionsand events to further their knowledge and be sure that they are focusing on current conditions that affecttoday's buyers and sellers. This type of training is imperative if we are to be successful in obtaining topdollar on home sales. Our goal is to make sure that we satisfy the special needs of all of our clients andat the same time make the process and transactions go as smoothly as possible.

Our company is dedicated to maintaining a professional, trustworthy relationship with our clients. Oneway this can be seen is through this Comparative Market Analysis (CMA) which you hold in your hand.This CMA compiles the most current and accurate information relevant to the sale of your home. Seeingthat this is perhaps your most valuable asset, it is imperative that you be equipped with the mostcomplete information possible related to the pricing and marketing of your home.


ONLINE VALUATION ANALYSIS ANALYSIS

Active Listings

Address List Price Zestimate Difference

4806 PROCTOR CIRCLE $5,500 $47,107 756.49%

2410 TUXEDO DRIVE $17,850 $55,969 213.55%

114 CANDICE DRIVE $69,900 $101,028 44.53%

173 FOX HAVEN LANE $70,000 $112,235 60.34%

12117 SE GREENLEAF DRIVE $73,900 $139,948 89.37%

833 CLUTTS ROAD $75,900 $150,577 98.39%

103 MEADOW GREEN DRIVE $79,900 $106,771 33.63%

261 NE OLD GURLEY ROAD $81,500 $123,762 51.86%

356 JASMINE DRIVE $83,000 $165,114 98.93%

198 LESLEY DRIVE $85,000

308 DAN CRUTCHER ROAD $94,750 $116,109 22.54%

4190 READY SECTION ROAD $100,000 $131,603 31.60%

205 SADDLE ROCK COURT $105,000 $103,842 -1.10%

6615 STEEPLECHASE DRIVE $139,000 $146,008 5.04%

2304 VILLARET DRIVE $169,900 $187,124 10.14%

10011 SE BAYREUTH DRIVE $237,000 $226,405 -4.47%

2611 SE HICKORY FLATS TRAIL $399,900 $383,350 -4.14%

Source: NALMLS


CONTACT ME

Loretta Largo

INTRO

Leading Edge RE Group

Address

Mobile

E-mail

Web

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924 Merchants Walk

2566522983

[email protected]

www.searchhuntsvillemls.com


MAP OF ALL LISTINGS INTRO

MLS # Status Address Price

0 Subject Madison County, AL, United States

1 1013047 A 4806 PROCTOR CIRCLE $5,500

2 1010698 A 2410 TUXEDO DRIVE $17,850

3 1007631 A 114 CANDICE DRIVE $69,900

4 1013048 A 173 FOX HAVEN LANE $70,000

5 1012881 A 12117 SE GREENLEAF DRIVE $73,900

6 1005727 A 833 CLUTTS ROAD $75,900

7 1012816 A 103 MEADOW GREEN DRIVE $79,900

8 1000692 A 261 NE OLD GURLEY ROAD $81,500

9 1013129 A 356 JASMINE DRIVE $83,000

10 1013182 A 198 LESLEY DRIVE $85,000

11 1001951 A 308 DAN CRUTCHER ROAD $94,750


MLS # Status Address Price

12 1013127 A 4190 READY SECTION ROAD $100,000

13 1013156 A 205 SADDLE ROCK COURT $105,000

14 1013010 A 6615 STEEPLECHASE DRIVE $139,000

15 1013022 A 2304 VILLARET DRIVE $169,900

16 1013147 A 10011 SE BAYREUTH DRIVE $237,000

17 1013057 A 2611 SE HICKORY FLATS TRAIL $399,900

Status: A = Active


SUMMARY OF COMPARABLE PROPERTIES INTRO

Active Listings

Address Beds Baths YrBlt SqFt List Sold SoldPrice Price Date

4806 PROCTOR CIRCLE

2410 TUXEDO DRIVE

114 CANDICE DRIVE

173 FOX HAVEN LANE

12117 SE GREENLEAF

DRIVE

833 CLUTTS ROAD

103 MEADOW GREEN

DRIVE

261 NE OLD GURLEY ROAD

356 JASMINE DRIVE

198 LESLEY DRIVE

308 DAN CRUTCHER ROAD

4190 READY SECTIONROAD

205 SADDLE ROCK COURT

6615 STEEPLECHASEDRIVE

2304 VILLARET DRIVE

10011 SE BAYREUTH DRIVE

2611 SE HICKORY FLATS

TRAIL

Averages

2 1.00 840 $5,500

3 1.00 1,148 $17,850

3 2.00 1,378 $69,900

3 2.00 1,300 $70,000

4 3.00 1,943 $73,900

4 2.00 2,131 $75,900

3 2.00 1,235 $79,900

3 2.00 1,736 $81,500

3 3.00 2,060 $83,000

3 2.00 1,485 $85,000

3 2.00 1,890 $94,750

3 2.00 1,861 $100,000

3 2.00 1,267 $105,000

2 2.00 1,794 $139,000

3 3.00 2,150 $169,900

4 3.00 3,045 $237,000

4 5.00 4,139 $399,900

1,847 $111,059


PROPERTY DETAILS MLS #1013047

A4806 PROCTOR CIRCLE, Huntsville $5,500

Listing information Courtesy of ERA Ben Porter Main

MLS#: 1013047 Beds: 2 Sq Ft: 840 List Date: 2/19/15

Status: Active Baths: 1.00 Year Built: DOM: 2

Features

Air Conditioning: None Approximate Age: 50+ Years Construction: Frame Fireplace: NoneGated Community: No Heat: None Style: Ranch/1 Story

Remarks

AS IS. Right of redemption applies.

Information is deemed reliable but not guaranteed. Source: NALMLS


A2410 TUXEDO DRIVE, Huntsville $17,850

Listing information Courtesy of Century 21 Prestige Prop.-Deca

MLS#: 1010698 Beds: 3 Sq Ft: 1,148 List Date: 1/17/15


Features

Air Conditioning: None Approximate Age: 50+ Years Construction: Frame Fireplace: NoneGated Community: No Heat: None Style: Ranch/1 Story Acres: 0.24

Remarks

HUD Case #: 011-538930


LISTING PHOTOS MLS #1010698

A2410 TUXEDO DRIVE, Huntsville $17,850

MORE LISTING PHOTOS MLS #1007631

A 114 CANDICE DRIVE, Toney $69,900



Listing information Courtesy of Green Group Realty



Features

Air Conditioning: Central 1 Approximate Age: 16-20 Years Construction: Frame Fireplace:WB Insert Gated Community: No Heat: Central 1Style: Ranch/1 Story Acres: 0.47

Remarks

HUNNI STOP THE CAR !!! THIS IS THE ONE!! THIS 3BEDROOM 2BATH IS A FANNIE MAEHOMEPATH PROPERTY. IN MOVE IN READY CONDITION!! NEW APPLIANCES, FRESH PAINT ,NEW FLOOR AND MUCH, MUCH, MORE!!! CALL TO SCHEDULE YOUR SHOWING TODAY!!





A 173 FOX HAVEN LANE, Toney $70,000

Listing information Courtesy of ERA Ben Porter Main



Features

Air Conditioning: Central 1 Approximate Age: 6-10 Years Construction: Frame Fireplace:One Gated Community: No Heat: Central 1Style: Ranch/1 Story

Remarks

Right of redemption applies. All info to be verified by purchaser. Sq. ft. approximated from tax records.



A 173 FOX HAVEN LANE, Toney $70,000


A12117 SE GREENLEAF DRIVE, Huntsville $73,900



Listing information Courtesy of Keller Williams Realty Madison



Features

Air Conditioning: Central 1 Approximate Age: 36-49 Years Construction: ?? Brick Vneer,Frame Fireplace: None Gated Community: No Heat: Central 1 Style: Tri-Level Acres: 0.28

Remarks

A great find in SE Huntsville!Four BR/3BA, features include bonus above garage, separate diningroom, and recreation room. Make this home your own!





A 833 CLUTTS ROAD, Harvest $75,900

Listing information Courtesy of Realhome Services & Solutions



Features

Air Conditioning: Central 1 Approximate Age: 21-25 Years Construction: ?? Brick Vneer, Vinyl/Alumin Fireplace: One Gated Community: No Heat: Electric Outdoor: Deck, Covered PorchSub Structure: Crawl Space Style: 2 Story, Tri-Level Acres: 0.49

Remarks

GREAT INVESTMENT OPPORTUNTIY! This 4 BD/2 BA home is located in an established nhbhd,convenient to amenities. W/ work to be done, u could fix up to rent/flip or turn this into your dreamhome. Home offers spacious den w/ fp, dining rm, kitchen w/ lots of cabinetry, front porch & deck outback. REO PROPERTY-BANK OWNED. PROPERTY SOLD AS IS. The Listing Broker & Sellerassume no responsibility & make no guarantees, warranties or representations as to accuracy of theproperty information or photographs.



A 833 CLUTTS ROAD, Harvest $75,900


A103 MEADOW GREEN DRIVE, New Market $79,900



Listing information Courtesy of MarMac Real Estate



Features

Air Conditioning: Central 1 Approximate Age: 11-15 Years Construction: Vinyl/AluminFireplace: One, Gas Log Gated Community: No Heat: Central 1, Electric Sub Structure: SlabStyle: Ranch/1 Story Water/Sewer: Septic Tank Acres: 0.53

Remarks

Enjoy this 3 bedroom 2 bath with split floor plan. Features also include a private master suite, nice eatin kitchen, gas log fireplace, large back yard and a covered porch great for relaxing. Make anappointment to see this one today!





A261 NE OLD GURLEY ROAD, Huntsville $81,500




Features

Air Conditioning: Central 1 Approximate Age: 26-35 Years Construction: Frame Fence: ChainLink Fence Fireplace: One Gated Community: No Heat: Electric Sub Structure: Crawl SpaceStyle: Ranch/1 Story Acres: 0.8

Remarks

CHECK OUT THIS 3BEDROOM 2BATH BEAUTY. LOCATION!! LOCATION!!! LOCATION!!!COUNTRY LIVING AND A TOUCH OF THE CITY!!!.



A261 NE OLD GURLEY ROAD, Huntsville $81,500


A 356 JASMINE DRIVE, Madison $83,000

Listing information Courtesy of Keller Williams Realty



Features

Air Conditioning: Central 1 Appliances: Range/Oven, Dishwasher Approximate Age: 6-10Years Construction: ?? Brick Vneer, Vinyl/Alumin Fireplace: None Gated Community: NoHeat: Central 1Kitchen: Pantry, Vinyl Living Room: Ceiling Fan, Carpet Master Bed: CeilingFan, Carpet, Walkin Closet Outdoor: Patio Sub Structure: Slab Style: 2 Story

Remarks

Spacious open floor plan comes with this two-story home conveniently located in Madison! Stepinside to the expansive living room dining room combination, great kitchen has plenty of cabinets andlarge breakfast area. Upstairs are three good size bedrooms all with walk-in closet and two full baths.All this room plus a two car attached garage. Call today for more information.



A 356 JASMINE DRIVE, Madison $83,000


A 198 LESLEY DRIVE, Harvest $85,000

Listing information Courtesy of Century 21 Prestige Prop.-Deca



Features

Air Conditioning: Central 1, Central 2 Approximate Age: 21-25 Years Construction: FrameFireplace: One Gated Community: No Heat: Central 1Style: 2 Story Acres: 0.41

Remarks

HUD-CASE#011-549184



A 198 LESLEY DRIVE, Harvest $85,000


A 308 DAN CRUTCHER ROAD, Toney $94,750




Features

Air Conditioning: Central 1 Approximate Age: 21-25 Years Builder: UNKNOWN Construction:Full Brick Fireplace: None Foyer: Ceiling Fan, Carpet Gated Community: No Heat: Central 1Style: Ranch/1 Story Acres: 1.4

Remarks

Full brick on large 1.4 +/- acre lot with covered front and covered back porch. mature trees and a onecar detached garage/workshop. Interior features large 23x20 family room, open plan, with kitchen andlarge utility room. Three bedrooms with master having full bath.



A 308 DAN CRUTCHER ROAD, Toney $94,750


A4190 READY SECTION ROAD, Ardmore $100,000




Features

Air Conditioning: Central 1 Approximate Age: 6-10 Years Builder: unknown Construction: ??Brick Vneer Fireplace: None Gated Community: No Heat: Central 1Sub Structure: SlabStyle: Ranch/1 Story Acres: 0.43

Remarks

Three bedroom with master bedroom and bath with separate shower in master on opposite side ofhome from the other two bedrooms. Living room, study, family room situated on large lot with patioand storage building.Offers must be submitted to the listing agent. Contact listing agent for propertydetails. After offer submission, it may take up to 7 days for offer decision. Communication will be sentto buyers with results and next steps for the accepted offer.



A 205 SADDLE ROCK COURT, Harvest $105,000




Features

Air Conditioning: Central 1 Approximate Age: 16-20 Years Construction: Full Brick Fireplace:None Gated Community: No Heat: Central 1Style: Ranch/1 Story

Remarks

CHECK OUT THIS COZY 3BEDROOM 2BATH BUILT IN 1996 WITH A BEAUTIFUL FLOOR PLAN.THIS IS A HUD OWNED PROPERTY BEING SOLD "AS-IS" THE PURCHASE OF THIS PROPERTYWILL BE CASH AT CLOSING OR ON TERMS ACCEPTABLE TO THE SELLER. CASE#011-568777

(IE)INSURED "EQUAL HOUSING OPPORTUNITY"



A 205 SADDLE ROCK COURT, Harvest $105,000


A6615 STEEPLECHASE DRIVE, Huntsville $139,000

Listing information Courtesy of Rise-Parkway Plaza Branch



Features

Air Conditioning: Central 1 Appliances: Range/Oven, Dishwasher, Microwave, RefrigeratorApproximate Age: 26-35 Years Construction: Full Brick Dining Room: Wood Floor Energy/Green: Dbl Pane WDW, Storm Doors Fence: Privacy Fence Fireplace: None Foyer: Wood FloorGated Community: No Heat: Central 1Kitchen: Tile Master Bed: Ceiling Fan, Carpet, Isolate,Walkin Closet Outdoor: Patio, Covered Patio, Curb/Gutters, Sidewalk, Undgrnd Util, Drive-Concrete Style: 2 Story

Remarks

Townhouse convenient to I565, Research Park & Bridge Street. Built by John Daniel with plenty ofroom. 2 bedroom, 2 full bath and fireplace. Master bedroom with glamour bath, whirlpool tub /separate shower. New Range/ Oven, Dishwasher, Microwave, Refrigerator. Master bedroom is 23 x

14. Privacy Fence and much more.



A2304 VILLARET DRIVE, Huntsville $169,900



Listing information Courtesy of CRYE-LEIKE REALTORS - Huntsville



Features

Air Conditioning: Central 1 Appliances: Range/Oven, Dishwasher, Microwave, DisposalApproximate Age: 21-25 Years Construction: Full Brick Dining Room: Ceiling Fan, Carpet, ChairRail Fence: Privacy Fence, Chain Link Fence Fireplace: One Foyer: Wood Floor GatedCommunity: No Heat: Central 1, Electric Kitchen: Eat In Kitchen, Kitchen Island, Vinyl MasterBed: Ceiling Fan, Carpet, Walkin Closet Outdoor: Deck, Front Porch, Covered Porch, Det. Bldg,Curb/Gutters, Sidewalk Sub Structure: Slab Style: Ranch/1 Story Water/Sewer: Public Sewer,Public Water Acres: 0.33

Remarks

A Must See! Lots of updates include new carpet and vinyl, new paint inside and out, new roof, newkitchen appliances, new kitchen countertops including island with butcher block top. Nice floor planwith large rooms. Large walk-in closet in Master. See attachment for PAS requirements and WFHMoffer submittal information in the MLS document section.





A10011 SE BAYREUTH DRIVE, Huntsville $237,000

Listing information Courtesy of Keller Williams Realty



Features

Air Conditioning: Central 2 Approximate Age: 26-35 Years Construction: Full Brick DiningRoom: Crown Mold, Chair Rail, Wood Floor Family Room: Ceiling Fan, Crown Mold, Chair Rail,Wood Floor Fireplace: None Gated Community: No Heat: Central 2Kitchen: Vinyl LivingRoom: Crown Mold, Chair Rail, Wood Floor Master Bed: Ceiling Fan, Carpet, Skylight, WalkinCloset Outdoor: Deck, Covered Deck, Treed Lot Style: BsmtRanch, Traditional

Remarks

Nestled in the woods in South Huntsville is this spacious full brick, basement ranch home with plentyof potential! Main level features large living and dining rooms both with rich hardwood flooring, greatkitchen with plenty of cabinets, inviting family room, two nice size bedrooms and two full baths. Thelower level has a huge rec room, two additional large bedrooms, plus a full bath. Relax and enjoy thetrees from the two backyard decks. Call today for more information.



A10011 SE BAYREUTH DRIVE, Huntsville $237,000


A2611 SE HICKORY FLATS TRAIL, Huntsville $399,900



Listing information Courtesy of MarMac Real Estate



Features

Air Conditioning: Central 2 Appliances: Range/Oven, Dishwasher Approximate Age: 36-49Years Construction: Full Brick Dining Room: 9??? Ceiling, Crown Mold, Chair Rail, Wood FloorFireplace: Two Foyer: 9??? Ceiling, Crown Mold, Wood Floor Gated Community: No Heat:Central 2, Electric Kitchen: 9??? Ceiling, Crown Mold, Granite Countertop, Pantry, RecessedLighting, Wood Floor Living Room: 9??? Ceiling, Crown Mold, Wood Floor Master Bed: CrownMold, Carpet, Fireplace, Recessed Lighting, Sitting Area Outdoor: Patio, Front Porch, Treed Lot,Curb/Gutters, Sidewalk Sub Structure: Crawl Space

Remarks

Nice home with beautiful kitchen features including granite counter tops, stainless steel appliances,tile backsplash, large island with veg. sink and bay breakfast nook. There is hardwood and tile flooringthroughout. Spacious master suite w/sitting area, FP and oversized glamour bath that includes asunken whirlpool custom seating, stone shower w/frameless glass door. Private family room w/wetbar. Upstairs lounge w/exterior entrance.




WHY YOU NEED A REAL ESTATE PROFESSIONAL INFO

If you’re planning to sell your home, it’s probably crossed your mind to try to sell it yourself and save thesales commission. But, there are some very good reasons why that would be a mistake.

According to housing industry experts at HomeGain.com and Realtor.org, more homes listed by realestate agents are sold than homes marketed by owners, and they sell more quickly and for more money.

Homes listed by real estate professionals get more exposure and their sellers get more support. Realestate professionals offer many advantages:

• They’re trained and licensed professionals.

• They have experience in your neighborhood and your market.

• They have oversight from brokers and state licensing officials.

• Their job is to advise you the best way to reach your goals.

• Their continuing education keeps them up-to-date on housing issues.

• They know how to present your home and deal with buyers.

• They know how and where to market properties.

• They know how to overcome typical snags that occur in all real estate transactions and closings.

• They understand state-required disclosures and look out for your best interests.

• They understand personal safety and security for your belongings during showings.

• They know the best resources to make transactions go more smoothly, from bankers to home-stagers to contractors.

• They have the most accurate data sources - the MLS, the only data repository that has the most up-to-date listing and sales information.

• They know how to negotiate.

• Their job is making real estate transactions successful.

When you market your own home, you have to make the time to do all the jobs a real estate professionalwould do, and you’ll be competing against other sellers who have real estate professionals by their sides.

If you can’t leave work to show your home, or you feel it requires more knowledge and experience thanyou have, you can’t go wrong by hiring a well-respected real estate professional.


SHORT SALES AND FORECLOSURES INTRO

Distressed Property

Short sales and foreclosures are the result of homeowners in distress. A “short sale” simply means thehomeowner’s lender has given permission to the homeowner to sell the home for less than the remainingbalance of the loan.

To accomplish this, the seller must show the lender why they are in distress, such as job loss or illness,or that home values have fallen to the point that the seller doesn’t have enough equity in the home tobreak even or sell at a profit. If the seller can show means to continue paying the note, it’s unlikely thebank will grant a short sale, but if it appears the seller is about to default, the bank may agree to a shortsale in order to minimize its losses.

The terms of the short sale allow the seller to walk away from the mortgage while avoiding foreclosure,but the loss to the lender will be reflected in the seller’s credit report, possibly delaying their ability torepurchase a home in the near future. At the least, the next lender will require more down or demand ahigher interest rate.

Foreclosure Proceedings

Once a homeowner defaults on mortgage payments, the bank begins foreclosure proceedings. Thehomeowner has many chances to stop the sale by paying the amount owed, until the home is put into apublic auction. At that point, the homeowners loses all ability to retrieve the home. If the home does notsell at auction, it’s taken back by the bank as an “REO” which stands for real estate owned. The homethen becomes an asset holding of the bank. REOs are managed by asset managers who are employedor contracted by the bank. REOs are put on the open market, often with a real estate professional whospecializes in distressed sales. Foreclosures that are purchased this way typically are sold “as-is,” whichmeans the bank has no intention to make environmental or structural repairs. So, buyer beware. When abuyer makes an offer on an REO, the asset manager decides whether or not to counter or accept, andstrives to get as close to or above the original loan amount as possible.

The Price of a Bargain

While short sales and foreclosures can be bargains to buyers, they don’t come without a price. Becausethe lender is losing money on both short sales and foreclosures, the process to buy these homes takeslonger and offers no guarantees to buyers. The length of time they are on the market, deferredmaintenance, and stigma hurts surrounding home values, as much as 20 percent, according to theNational Association of REALTORS®. Buyers should know that building equity takes time, and that thebest home to own is the one you can comfortably afford.


Documents

Foreclosure Report – Madison County Week of 16 Feb 2015 Madison County, AL, United States PREPARED FOR Weekly Foreclosure Report - Madison County FEBRUARY