Hampton Cove Area - Breland Building smaller homes (Birmingham, Huntsville: 2009, foreclosure)

[BAMA GRITS]

Does anyone know the situation with Hampton Ridge new phase (Phase 5)?
I called the city and they said there is not a certificate of occupancy authorized at this time. If a home is built no one would be allowed to live in the house. They did say everything has been approved and waiting on a bond letter. A bond has to be issued by the developer before the city issues a certificate of occupancy.

I asked the realtors out in that area and was told they did not know. Basically no real answers.

Smells like a financial issues, coming up with the money for the bond?

Can a builder or another developer purchase this new phase and build
smaller homes? If they have a majority of voting rights, can they make the square footage smaller than other existing phases in the subdivision?

Thanks again for the replies

[gsp4ever]

Originally Posted by BAMA GRITS

Can a builder or another developer purchase this new phase and build smaller homes? If they have a majority of voting rights, can they make the square footage smaller than other existing phases in the subdivision?

You'd have to look at the bylaws or covenants and restrictions (or whatever) for your neighborhood to be sure but my initial thought is that yes all of the above could happen. But he opposite could happen as well.

I've heard that my neighborhood had two developers. Breland was the second one. I mentioned earlier that lots had been sold and resold among different builders. Breland made some changes--there was one section of the neighborhood that was supposed to have townhouses but apparently that plan was scrapped at some point and stand alone houses were built. So, really change could be for the better or worse.

[Elizabeth_G]

I just survived a home inspection with Mike Dove, who is referred to from many, as "the deal killer" on a spec home of Brelands. Passed with flying colors. (minor things, typical). The house truly wasn't 100% complete...about 99%. Now, I know I'm a fan of their products. (Their new homes).
This may be a bit off topic, but I know there were several interested in their construction practices.

[macwell]

A previous post mentioned what restrictions a subdivisions HOA had concerning the HHA purchasing homes.

My question to that one - if a subdivision has HOA dues, who pays the yearly fees if HHA does purchase a home with HOA dues? Is HHA exempt or does HHA pay the yearly dues?

[Charles]

Originally Posted by macwell

A previous post mentioned what restrictions a subdivisions HOA had concerning the HHA purchasing homes.

My question to that one - if a subdivision has HOA dues, who pays the yearly fees if HHA does purchase a home with HOA dues? Is HHA exempt or does HHA pay the yearly dues?

I would think (but I really don't know) that the HHA would pay the dues since they are the owners. The dues aren't really that much though.

I can't imagine any HOA would have written into the rules or bylaws or covenants some sort of text that reads "HOA fees will be exempt for public housing agencies"

[PParty USA]

People in Hampton Ridge are mad about pool issue and cheaper homes being built now.
Clearwater people are either cashing in or worried about economy. There has also been talk that the area is going to be redistricted to Grissom. I also suspect finacial problems with last phase of Hampton Ridge and any builder/builders could buy those lots if they are auctioned. I think real estate in the area is out of HHA price range guys and Breland homes has nothing to do with it. Everybody knew what price of houses were going to built there.

[Charles]

Originally Posted by PParty USA

There has also been talk that the area is going to be redistricted to Grissom.

I'd bet a lot of people would think this would be a wash although Grissom would be a little closer.

[specialoldlady]

hey liz you really like breland , whats up?????? and others want to know about there construction??????? you mean how fast you can put a house together??????. remember ,,, all, you get what you pay for........ cheaper homes and small homes in a area where large homes are is crazy, those bigger homes are gone to lose alot of value. breland puts them up fast and want $$$$$ as fast as possible.... so what does that tell you.....???????? the economy is bad and builders need money just like the rest of us, so the whole world just does what they have to to get more money, they do not care about nothing else.... wake up and smell the truth.......green

[HB2HSV]

Originally Posted by specialoldlady

hey liz you really like breland , whats up?????? and others want to know about there construction??????? you mean how fast you can put a house together??????. remember ,,, all, you get what you pay for........ cheaper homes and small homes in a area where large homes are is crazy, those bigger homes are gone to lose alot of value. breland puts them up fast and want $$$$$ as fast as possible.... so what does that tell you.....???????? the economy is bad and builders need money just like the rest of us, so the whole world just does what they have to to get more money, they do not care about nothing else.... wake up and smell the truth.......green

Yesterday after work, we took a walk around the Ashbury subdivision where Breland is building. We like to visit various neighborhood for our evening walks. Some of the homes were already built but were not locked, so the wife naturally wants to go inside and take a peek (It's not me, you see, it was her! )

Overall, I was impressed with the layout of the house. I'd admit the bedrooms were smaller than my liking, but they squeez in a lot of house into one-story. Most were 4 bedrooms/ 2 baths. One unit has a screened in porch which I'd thought it was a good idea. Many units had 2 propane gas bottles outside, presumably for the fireplace. Many bedrooms had trey ceilings. They also plant plants in front of house. Overall, a very good value for the price they're selling for.

Can't speak to durability since we were only peeking, only time will tell. But most appliances and wall fixtures (ceiling fans, etc.) appeared to be good quality and tastefully done. The kitchen countertops were not granite, but looks almost like one. We'd opt for the granite/ quartz option if it was us buying.

We would consider buying Breland homes if we are still in the market looking.

[macwell]

MORTGAGE FORECLOSURE SALE - Final Plat of Hampton Ridge, Phase 5



Alabama Legals
Publish Date: 08-13-2009
Newspaper: Huntsville Times
County: Madison
Heading: Legal


MORTGAGE FORECLOSURE SALE
Default having been made in the payment of the indebtedness secured by that certain mortgage executed by Brookhouse Investments, LLC to BancorpSouth Bank on June 16, 2006, said mortgage being recorded in the Office of the Judge of Probate of Madison County, Alabama in Document Number 20060616 000399340, re-recorded at Document Number 20070606000403590, and re-recorded at Document Number 20080718000466070, BancorpSouth Bank as mortgagee under and by virtue of the power of sale contained in said mortgage, will sell at public outcry to the highest bidder for cash, in front of the main entrance of the Courthouse at Madison County, Alabama, Birmingham Division, on September 3, 2009, during the legal hours of sale, the following described real estate, situated in Madison County, Alabama, to-wit:

All of the lands embraced by the Final Plat of Hampton Ridge, Phase 5, Huntsville, Alabama, recorded as Document No. 200810300 00682920, in the Office of the Judge of Probate of Madison County.

Less and Except: Lot 203, according to the Flat Plat of Hampton Ridge, Phase 5, recorded as Document No. 20081030000 0682920, in the Office of the Judge of Probate of Madison County, Alabama.

This sale is made for the purpose of paying the indebtedness secured by said mortgage, as well as the expenses of foreclosure. SUBJECT TO ad valorem taxes.SUBJECT TO any and all easements, restrictions, encumbrances or other interests of record.

c/o Karen G. Knowlton
NAJJAR DENABURG, P.C.
2125 Morris Avenue
Birmingham, AL 35203
(205) 250-8400
Attorney for Mortgagee
August 13, 20, 27, 2009