All Blog Entries by Tim McCrory 
There are currently 4 blog entries published by Tim McCrory.
Foreclosure and Short Sale Success
Friday, March 12th, 2010 at 2:16pm. 2454 Views, 0 Comments.
Looks like we are finally going to see some warmer weather. This is welcome news. I'm not sure I've seen a winter this severe in my 21 years living on the Gulf Coast. Hope everyone is planning a Beach Getaway soon.
Before I discuss ways to be successful buying Foreclosures and Short Sales, here's a brief summary for 2009. There were 1,460 total foreclosures and 4,210 Notice of Default, the latter being a 168 percent increase over 2008. What's interesting is the dollar values. Total foreclosures amounted to $383 million and the Notices of Default have a market value in excess of $1.3 billion so there's plenty of Bank inventory coming in 2010. This appears to be grim news until you realize that in January alone over $114 million in property sales…
New Wave of Foreclosures on the Way
Wednesday, November 18th, 2009 at 8:41pm. 11263 Views, 0 Comments.
In our last blog, I talked about ways we can identify and investigate foreclosures and short sales. Today, I'd like to pass along some numbers from the October 2009 Baldwin County Trend Report.
Just this month we saw 122 properties fall into foreclosure with an additional 377 Notices of Default. Year to Date 2009, we've seen 1,182 Foreclosures with 3,553 Notices of Default. These numbers represent increases of 19% and 249% respectively from Year End numbers from 2008.
What I find most interesting is the difference in the number of recorded Foreclosures and the actual Notices of Default (2,371). Just this number alone will double the total of all foreclosures in 2008. If on average 300 new notices of default are being sent each month, we can easily…
Fingertips and Foreclosures
Wednesday, October 7th, 2009 at 12:41pm. 6946 Views, 0 Comments.
Welcome to my first blog and our new site for Edgemon Properties. I hope both prove to be helpful in bringing the most relevant real estate information your way about the Alabama Gulf Coast.
As everyone is well aware, times are tough with cash and buyers scarce. Well with little demand and tremendous supply only one result is certain: price pressure. This price pressure equals a market full of foreclosures, properties close to foreclosure and other sellers just willing to get out at almost any price. How do we identify these distressed properties and find these values?
This is actually quite easy, but first requires some handy tools which are at my fingertips with the use of today’s technology and the vast information open to the public domain. …
Welcome to the new Edgemon Property Group site!
Wednesday, October 7th, 2009 at 12:25pm. 256 Views, 0 Comments.
We are very proud to reveal our new web site. If you can't find the new home, condo or property you're looking for please contact us directly for a unique search to fit your needs.
We are always happy to help and want to make sure you find the perfect property.
Please check back regularly as we will be updating the featured properties and our listings continuously.
Sincerely,
The Edgemon Property Group
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Foreclosure and Short Sale Success
Looks like we are finally going to see some warmer weather. This is welcome news. I'm not sure I've seen a wint... Read MoreNew Wave of Foreclosures on the Way
In our last blog, I talked about ways we can identify and investigate foreclosures and short sales. Today, I'd like to... Read MoreFingertips and Foreclosures
Welcome to my first blog and our new site for Edgemon Properties. I hope both prove to be helpful in bringing t... Read More
