Hampton Cove Area - Breland Building smaller homes

[Charles]

Originally Posted by 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

I think I need the Cliffs version of this....what does this mean?

[macwell]

It appears the last developed phase (5) of Hampton Ridge is now a mortgage foreclosure sale. Which means it will be up for a bid sale for other builders/developers to purchase. Same situation could occur, will cheaper or more expensive homes be built? What will be changed (if any) by the new owner?


Note, it was in Thursdays Huntsville Times legal section, but was not able to find it via al.com.

[macwell]

Note to add, this is the area in the back of Hampton Ridge which is developed with existing roads but has no homes built on the lots yet.

[DvlsAdvc8]

Interesting... wifey and I decided against Hampton Ridge because we didn't like the value, but also it started smelling funny... we wanted to know why they weren't building on that back section even though it was seemingly ready for quite awhile. That and the pool (or lack thereof; seemed like the pool should have been there by the time we looked at the neighborhood) did it in for us.

[llb09111]

Hi everyone,

My husband and I are moving to Huntsville in the next few months (BRAC) and have been relying on the internet for our housing search until we can break away for some househunting leave. Hampton Ridge looked great in theory, but not so sure after reading these posts. Has there been any movement on any of these issues (Phase 5, the pool, etc.)? Thanks so much!

[quiltkat]

Well, they did build the pool and it was open for business this past summer. And they have been building homes like crazy on the same street as the pool. Don't know anything about the back section though. Welcome to Huntsville. We moved here with the BRAC 2 years ago and love it. We live in Clearwater, on the last street in the neighborhood with empty lots to build on. You should come take a look.

[llb09111]

Thanks, quiltkat. We'll definitely look into Clearwater. Glad to hear you like Huntsville so much! We're really looking forward to moving to a more laid-back atmosphere and getting out of the rat race here in DC/NoVa.

[quiltkat]

Oh my goodness, your quality of life will improve 100% when you leave that mess up there. My husband was commuting from Stafford to Fort Belvoir, so he is really loving his 20 minute commute down here!