Alabama State Profile

Recently revised employment data indicate that Alabama's economic performance remained solid through the end of 2005. Job growth in the fourth quarter stood at 2.2 percent compared to the national increase of 1.4 percent....

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Finding Opportunity in the Alabama Real Estate Market: Pre-Foreclosures

In any real estate market -specially in areas where home values are facing downward pressures (i.e., high unemployment levels, overpriced housing markets, or high levels of adjustable-rate mortgages), a certain percentage of homeowners will be in default of their mortgage payment or facing foreclosure.

Mortgage loan default can occur dues to many grounds: job loss, divorce, health issues. Numbers of mortgage lenders practices have contributed to default rates due to the launching of mortgage products that were configured to lower monthly loan payments and to help borrowers qualify for larger loan amounts, while others involved little in the way of documentation during the approval procedure. These riskier loans have made it easier for some people to get mortgage loans, but they also can raised the possibility that some borrowers may end up in foreclosure...

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