See this article about disappearing mortgages. Wonder how many have sold at tax sale?

Yet another article about foreclosures nationwide.

Here is an interesting article regarding the Eastlake area of Birmingham as it relates to investment properties.

1601 50th St

LOCATION:

1601 50th St
Birmingham, AL 35208


Land Value: $15,100
Improvement Value: $58,000
Total Value: $73,100

Purchase Price: $5,474.02

Deadline to Respond: 8/18/2010

NOTE: This is a TAX Deed, not a certificate! I looked at this house on 8/3. It appears to be unoccupied and in good condition.

4408 11th Av

LOCATION:

4408 11th Av
Birmingham, AL 35224

Land Value: $5,200
Improvement Value: $58,100
Total Value: $63,300

Purchase Price: $6,105.50

Deadline to respond: 8/18/2010

NOTE: This is a TAX DEED, not a certificate! I saw this house on 8/3. It has significant roof issues.

7808 3rd Av S

LOCATION:

7808 3rd Av S
Birmingham, AL 35206

Go to Google Street Photo

Land Value: $11,700
Improvement Value: $53,400
Total Value: $65,100

Your Cost: $5,760.12

Deadline to respond: 8/3/2010

NOTE: This it a TAX DEED property (not a certificate). The house has a "For Sale By Owner" sign in front and it does not appear to be occupied at this time.