Anniston Housing

A new website has been setup to offer real estate forms such as the quit claim deed. All forms are available for instant download. Homeowners looking for updated forms can make a purchase online, and get access to the forms immediately.

LegalHomeForms has been online since 2003, and they offer instant access to the most used real estate forms and contracts.

When buying, selling or renting a property, different legal forms have to be used. Each form has its own legal implications and homeowners should know what forms to use during a transaction. This is to ensure that all parties are protected by law when a dispute arises.

There are over 60 forms included in the package. All forms are created by former licensed real estate agents to ensure that the forms are legally valid.

Different states have different real estate laws and the appropriate forms must be used. State specific real estate forms will help prevent unnecessary legal hassles down the road. Popular state forms include Alabama, Arizona, California, Florida, Georgia, Michigan, North Carolina, Texas, and Wisconsin.

“This is important because we realize that sometimes homeowners may not be aware that they are using forms that may not be valid in the eyes of the court,” said the founder of the website. “When a dispute arises, everyone depends on the legal document to settle the dispute. When one is not available, or if a document is nullified due to invalidity, then one party may be at the losing end.”

The document titles included in the package are:

Real Estate Sales Forms

* Addendum (Counter Offer)

* Affidavit & Memorandum Agreement

for Real Estate

* Agreement for Deed

* Assignment of Real Estate Contract

* Attorney Approval

* Bill of Sale

* Closing Statement

* Condominium Purchase Contract

* Deposit Note

* Installment Note

* Land Contract for Buyer

* Land Contract for Seller

* Land Contract Past Due Letter

* Lead Based Paint Disclosure

* Letter of Intent

* Mortgage

* Mortgage Loan Record

* Offer to Purchase Real Estate

* Promissory Note

* Property Disclosure Form

* Quit Claim Deed

* Real Estate Purchase Contract

* Real Estate Sales Agreement

Lease/Rental & Real Estate Investment Forms

* 30 Day Notice

* Buyer Profile

* Buyer Property Inspection Report

* Cash Flow Analysis

* Expense Allocation Summary

* Extension of Lease

* Landlords Five Day Notice

* Lease (Standard)

* Lease Termination

* Market Sales Analysis

* Month to Month Rental Agreement

* Monthly Income Record

* Move in Move Out Form

* Notice of Overdue Rent

* Payment Agreement

* Permission to Sublet

* Pet Agreement

* Property Analysis Form

* Property Rehab Analysis

* Rental Application

* Rental Application Co-Sign Form

* Rental Application Rejection Letter

* Rent Receipt

* Rental Agreement

* Residential Lease

* Residential Lease with

Option to Purchase

* Residential Lease Guaranty

& Application for Guarantor

* Seller Information Form

* Tenant Intention to Vacate

* Waterbed Agreement

* Weekly Planner

* Weekly Priority Schedule

Among these documents, one of the most commonly used form is the quit claim deed. This document is mainly used to transfer property rights to another person such as a family member.

When a quit claim deed is executed, all rights and liabilities will be transferred over to another person. However, homeowners must note that the quit claim deed does not free the owner of the home mortgage. Refinancing must be separately arranged so that the home loan can be transferred to the new homeowner. A sample quit claim deed is available on the official website.

Another commonly seen form is the real estate purchase agreement. This is a 4 page agreement between the seller and the buyer. The role of this agreement is to ensure that both parties will undertake all responsibilities so that the sale go through smoothly. Details about the current condition of the house is recorded in this document.

The agreement is considered valid once both buyer and sell signs on the document. Usually, a deposit from the buyer is required. The deposit will act as proof that the buyer is indeed serious about purchasing the property.

If the actual condition of the house is not found to be congruent with the details in the agreement, or if repairs that are supposed to be done by the homeowner has not been completed, the buyer can refuse to buy the home. In this case, the deposit will be returned in full or in part to the buyer.

The website includes detailed instructions on how to use and fill up the forms. Individual forms can be bought at the affordable price of $6.97, while the entire package cost just $14.99.

The foreclosure statistics for the half year 2009 are out and Alabama stands at 30thplace in foreclosure activity. In the last six months Alabama State has turned out 9,657 properties for foreclosure filings. One in every 221 housing units received foreclosure impact by way of default notice; scheduled foreclosure action; and repossession after foreclosure sale public auction.

In comparison, the foreclosure activity in Alabama State during this half year in 2009 is 179.75% higher than January – June 2008 and 125.47% higher than the half year July to December 2008. The meaning of this statistical figure is the impact of foreclosure crisis in Alabama is getting worse gradually. More and more numbers of properties are being made available for distress sale.

As of today there are 5485 properties available in Mobile County, of which 1939 properties are Bank-owned; Jefferson County total 8076 and Bank-owned 2096; Madison County total 2034 and Bank-owned 968; Montgomery County total 2306 and Bank owned 927. These are the Counties where home buyers and investors are searching properties most popularly from the Real Estate sites.

Similarly there are major cities and towns where home buyers are searching for Alabama Bank foreclosures. The statistics for these cities are – Harvest in Madison County total properties 127 and Bank owned 59; Huntsville in Madison County total properties 1183 and Bank owned 576; Saraland of Mobile County has a total of 158 properties foreclosed, of which 42 properties are Bank-owned and repossessed; and Birmingham in Shelby County has 4890 properties in total and out of them 1635 properties are Bank-owned.

The above figures are only indicative of the foreclosure scenario obtaining in Alabama and properties are made available from all the Metropolitan Areas of Alabama. The total population of 4.66 millions in Alabama is spread over these Combined Statistical Areas.

Home buyers can search for the desired locations from out of the above major cities and towns of Alabama for Bank foreclosures. The foreclosure laws of Alabama permit both judicial Court foreclosure process and non-judicial out of Court foreclosure process. Mortgage lenders ensure a power-of-sale clause inserted in the Deed of Trust, whereby a Trustee Sale takes place to conduct the public auction. In Alabama Court proceedings are rare and almost all the foreclosure processes are routed through the non-judicial way to complete the process quickly. A typical foreclosure process ends within 2 to 3 months.

This is the reason why there are 10,798 Alabama Bank foreclosure properties presently. Attractive bargains are available considering the average price of these Alabama Bank foreclosures at $86,159, compared to median home prices of $169,900.