By: Vanessa Araiza Email
By: Vanessa Araiza Email

Home foreclosures seem to be popping up in neighborhoods around the country.

While that trend holds true in many cities throughout Alabama, the Wiregrass is shining despite the downfall.

It’s a buyer’s dream and a seller’s nightmare. Foreclosed homes and ‘For Sale’ signs seem to be the new trend in lawn ornaments.

Dothan Realtor Bobby Dean says it, "Doesn't just apply to just the poor folks in town, there's foreclosures in the rich part of town, it'll always be."

Dean says there will always be foreclosures.

While the 73 percent increase this year for the state of Alabama is painful, if you live in Dothan, the numbers aren't as dim.

"It just not hit us like it has the rest of the world,” Dean says. “We never escalated on price like the rest of the world did."

Realty officials in Dothan say the foreclosure rates are lower here than other areas in the state.

They say there are many factors that contribute to this low percentage.

"We have low property taxes, we have low insurance rates, and we have great medical facilities," Dean adds.

Because of those perks, some out of state citizens, like Sam Johnson, are drifting this way and thinking about dabbling into some property in Houston County.

"Foreclosures are hurting the whole country, not just Alabama, not just Florida, but they're extremely high in Florida," Johnson says.

Even though foreclosure rates are lower in the Wiregrass, there are still some homeowners who are in need of assistance.

Dean has some advice for those of you who do. "Go sit down with the people at the bank or at the mortgage company and tell them [what your] situation is and see what they can work out."

Officials say while the housing slump may linger a bit longer, they've actually seen an increase in the price of homes selling in the Wiregrass.


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