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AARANNOUNCEMENTS

empy warehouse

Warehouses Empty!

Tornado Relief Warehouses Finally Emptied

Patti Lambert, chair of the AAR Disaster Recovery Task Force, reported that the two warehouses used for storage of tornado relief supplies are now empty. Special thanks go to the generous warehouse owners, the hard working task force members, Governor Bentley's staff, Jon Mason at the Governor's Office of Faithbased and Community Initiatives, FEMA, and all the community volunteers. Contributions poured in from from NAR and REALTORS nationwide. Thanks also to our generous corporate supporters Lowe's, Keune and Amway Products. Patti was thrilled with the effort and results. "We helped Tornado Victims Statewide --- WELL DONE!  And we pray that we will never see this again."
RD2011

COMING APRIL 10th

REALTOR Day at the Capitol

 

2012 Nationwide Open House

April 28-29

This year’s Nationwide Open House weekend is April 28-29. There will be a resource page on realtor.org. We are in the process of updating the materials and as soon as they are ready we’ll let you know.

AAR/UPS Giveaway Big Success!

Gail Lovelady wins AU/UA tickets

The AAR/UPS affinity program received a lot of interest at Winter Conference. One reason was due to the drawing for the Alabama/Auburn Basketball tickets. This partnership is a win, win, win situation. Members win with UPS discounts, AAR wins with royalties paid back to the association and UPS wins because people ship. The winner of the four Alabama/Auburn Basketball tickets is Gail Lovelady of Town & Country Real Estate in Selma. Congratulations Gail! There will be another sweepstakes/drawing in August or September for football tickets.

Freddie Mac Revises Short Sale Affidavit to Reduce Liability

This VIDEO reviews Freddie Mac’s just-announced changes to its short-sale affidavit and a video on the impact of the super committee’s failure to identify federal budget savings. If you’re not familiar with the affidavit issue, NAR members were concerned these new affidavits that Freddie Mac required in short sale transactions left them unreasonably exposed to liability, so NAR asked for and received changes from Freddie Mac. The video explains what the changes are and what to do if a member is at a closing and the servicer is still using the old affidavit.

In the super committee VIDEO, NAR Tax Director Linda Goold walks us through what happens next now that no deficit plan was agreed to.

E-Verification Letter

Please click HERE to read the letter from AAR Legal Counsel regarding E-Verification of Independent Contractors

Alabama's Immigration Law

Click here to view a summary of Judge Blackburn’s opinion and the status of Alabama’s Immigration Law.

Property Tax Reduction Forms

The Homeowners and Storm Victims Protection Act of 2011

This allows homeowners who have lost their property due to storms or other disasters to maintain their homestead exemption for up to 2 years during the reconstruction. (They may request an extension for an additional 2 years with proof that they legitimately need additional time for reconstruction) This bill ends the unfair practice of homeowners having to pay Class II property tax (20% rate) rather than Class III (10%) if they buy the home after October 1 of each calendar year. Based on the language of this Act it is the opinion of the Alabama Department of Revenue that no provisions of this Act are to be applied any earlier than Tax Year 2012 (lien date October 1, 2011).

Memo and Rules
Fully Developed Lots
Inventory Lots
Reclass App Fully Developed Lots
Reclass App Inventory Lots

UPS Discount for AAR members

Sign up now and save!

AAR members can save up to 30% on UPS shipping. Enroll today!
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tornado sign pic

Alabama Association of REALTORS®

Disaster Relief Fund

CLICK HERE to donate by credit card. To donate by check mail to:

Alabama REALTOR® Disaster Relief Fund, P.O. Box 4070, Montgomery, AL 36103

This is a fully tax deductible contribution to the Alabama REALTOR® Disaster Relief Fund. To view pictures of the disaster areas, click HERE.
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Easements remain valid even if they are not shown on the title report. Read more about easements in this informative BROCHURE from Alabama Power.

InsideAAR

  • Help for Unemployed Alabama Homeowners

    The Alabama Housing and Finance Authority has received a $162 million grant to fund the Hardest Hit Alabama (HHA). This program will allow Alabama homeowners who are unemployed to apply for up to 12 monthly mortgage payments, or $15,000, per household. You must meet certain requirements to qualify for this program. Click "Read More" for more information. Read More

  • 2010-2011 NAR MEMBER REFERENCE GUIDE

    The NAR Member Reference Guide was sent in the mail this week. This reference guide contains information on benefits from the National Association of REALTORS (NAR), $1,000 of FREE products and services, information on key initiatives and your personalized NAR membership card! Read More