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baldwin county 2 articles

Property values, prices plummet as oil spill lurks along Gulf Coast

Prospective homebuyers are not shying away from the Gulf Coast despite the looming threat of oil washing ashore from the busted oil rig. “Granted, its on the minds of everybody, because it’s just a sickening event,” Gulf Shores, Ala., broker Frank Malone told the Birmingham News. “The first week (after the spill), when there were a lot of unknowns, there was a lot of panic, and we had buyers discuss backing out of contracts.” But it didn’t take long for buyers to see a silver lining – they could get even better deals on properties already suffering because of foreclosures ... Read More

Bon Secour Fisheries joins legal battle against BP, other firms over Gulf of Mexico oil spill

MOBILE, Ala. — Bon Secour Fisheries today joined the growing legal battle against BP Plc and the other companies involved with a drilling rig that exploded in the Gulf of Mexico last week. The Baldwin County shrimp processing company filed a class-action lawsuit seeking to represent everyone in Alabama who owns or leases residential or commercial property that is threatened by an enormous oil slick caused by the destruction of the Deepwater Horizon. BP said today that it is responsible and that it will compensate those impacted. “We are taking full responsibility for the spill and we will clean it ... Read More