7618 Memorial Parkway SW
Huntsville, AL 35802
Phone: 256 882-2223
Fax: (256) 425-0309
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Looking to buy or sell a Foreclosure or Short Sale property?

We have agents that are certified to help with the process.  Any REALTOR® can help buy or sell a home, but when you have an agent who is certified in these areas, they are more knowledgeable and can navigate the language that is sometimes hard to understand. Let one of our Certified Foreclosure and Short Sale agents help you get started with the process to make it as smooth as possible.
Call 256-882-2223 to speak with an agent.

Broker’s Price Opinion (BPO)

Lenders generally hire local real estate brokers or appraisers to evaluate properties in the foreclosure process prior to selling them at public auction. These are referred to as a Broker’s Price Opinion (BPO).

Essentially, a Realtor® — based on the condition of the home and current market conditions — provides the lender with an estimate of the value of the property. The BPO is the key piece of information that a lender will rely on to make a decision regarding a short sale.

The lower the estimate, the better it is for you.

Lenders want to get rid of distressed properties as soon as possible, but they aren’t going to sell them for ridiculously low prices Many short sales, in fact, fall through if the BPOs come in too high. When properties are in good condition, it is hard to convince lenders that they are worth much less than the appraised values.

Short Sale Negotiation

Negotiation through the loss mitigation department will be the key factor in getting your new
home at a deep discount.

If opportunities emerge in which lenders can sell distressed properties without registering big losses, they will do it.

For example, consider that a homeowner with a $200,000 mortgage is late on his or her loan payments and is facing foreclosure. With the consent of the homeowner, you offer his or her lender $150,000 as full payment for the loan, which is accepted. That means you instantly save $50,000 on a real estate investment.

This is a short sale.



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Welcome! RE/MAX DISTINCTIVE IN HUNTSVILLE, ALABAMA! We hope you enjoy your visit and explore everything our real estate website has to offer. We are proud to be a part of the RE/MAX® family name with the premier resource for all real estate in Huntsville and surrounding areas. 

The Huntsville real estate market is one of the most stable in the country. From being the top in the nation in business growth to the top in real estate growth, Huntsville lives up to its name by being recognized in national publications such as Kiplinger Magazine July issue 2009 as the No. 1 place to live and work, Money Magazine best places to live 2007 and CNNMoney "Best Places to Retire 2010". Let one of our REALTORS® help you find your next home in our beautiful and affordable city, Huntsville, AL.