Foreclosures slow in Alabama, more bumps ahead - WSFA.com Montgomery Alabama news.

Foreclosures slow in Alabama, more bumps ahead

MONTGOMERY, Ala. (AP) - The increase in foreclosures in Alabama slowed during the first half of the year. But attorneys handling foreclosures say this doesn't mean the mortgage crisis is ending.

Kenneth Lay at Legal Services Alabama says the state has plenty of bumpy days ahead -- maybe 18 months -- before it can declare the mortgage crisis over. The slowdown apparently relates to the willingness of banks and other lenders to work with buyers who are having trouble making payments.

RealtyTrac, a company that follows foreclosures, says during the first six months of this year, 3,529 homes in Alabama were in some stage of foreclosure. That's up 10.1 percent from the 3,203 Alabama homes that were in foreclosure during the first half of 2007.

About one of every 600 homes in Alabama, or 16.7 percent of 1 percent, were in foreclosure during the first six months of this year.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

  • NewsMore>>

  • Judge: President can't block critics on Twitter

    Judge: President can't block critics on Twitter

    Wednesday, May 23 2018 1:43 PM EDT2018-05-23 17:43:15 GMT
    Wednesday, May 23 2018 10:32 PM EDT2018-05-24 02:32:56 GMT
    A federal judge in New York says President Donald Trump cannot block his critics on Twitter without violating the First Amendment. (Source: CNN)A federal judge in New York says President Donald Trump cannot block his critics on Twitter without violating the First Amendment. (Source: CNN)

    A federal judge in New York says President Donald Trump cannot block his critics on Twitter without violating the First Amendment.

    More >>

    A federal judge in New York says President Donald Trump cannot block his critics on Twitter without violating the First Amendment.

    More >>
  • NKorea says Pence remarks were 'stupid,' willing to not meet

    NKorea says Pence remarks were 'stupid,' willing to not meet

    Wednesday, May 23 2018 8:51 PM EDT2018-05-24 00:51:44 GMT
    Wednesday, May 23 2018 10:32 PM EDT2018-05-24 02:32:50 GMT
    (AP Photo/Ahn Young-joon). Women protesters stage a rally for peace on the Korea peninsular near U.S. Embassy in Seoul, Wednesday, May 23, 2018. U.S. President Donald Trump labored with South Korea's Moon Jae-in Tuesday to keep the highly anticipated U...(AP Photo/Ahn Young-joon). Women protesters stage a rally for peace on the Korea peninsular near U.S. Embassy in Seoul, Wednesday, May 23, 2018. U.S. President Donald Trump labored with South Korea's Moon Jae-in Tuesday to keep the highly anticipated U...
    A top North Korean official says recent comments by U.S. Vice President Mike Pence were "stupid" and "ignorant" and again warns the country is willing to pull out of a planned summit with Trump.More >>
    A top North Korean official says recent comments by U.S. Vice President Mike Pence were "stupid" and "ignorant" and again warns the country is willing to pull out of a planned summit with Trump.More >>
  • Syria state-run media reports US-led airstrike on army posts

    Syria state-run media reports US-led airstrike on army posts

    Wednesday, May 23 2018 9:11 PM EDT2018-05-24 01:11:43 GMT
    Wednesday, May 23 2018 10:32 PM EDT2018-05-24 02:32:10 GMT
    A Pentagon spokesman said there was "no information" to confirm or deny the reports. (Source: Raycom Media)A Pentagon spokesman said there was "no information" to confirm or deny the reports. (Source: Raycom Media)

    Syrian government-run media outlet is reporting that U.S.-led coalition airstrikes have struck Syrian army positions in eastern Syria near the front lines with the Islamic State group.

    More >>

    Syrian government-run media outlet is reporting that U.S.-led coalition airstrikes have struck Syrian army positions in eastern Syria near the front lines with the Islamic State group.

    More >>
Powered by Frankly