Foreclosures & REO

Million Dollar Home Foreclosure in Nashville

December 30, 2010 by admin · Leave a Comment  

Occasionally I’ll run across properties listed by other brokers that I find amazing. This is one of them. Cory Holman with Zeitlin has this Pinnacle Bank foreclosure listed in Steeplechase Farms in Nashville. This custom home was originally built and listed in 2007 for $1,645,000 and includes many luxury features like an in-ground saline pool and spa with water feature. More importantly, the home... [Read the entire article…]

Historic Franklin Brownstones Foreclosure

September 14, 2010 by admin · 1 Comment  

It is quite rare for a high-end property to be foreclosed upon in historic downtown Franklin, TN. It’s even more rare for one of the most sought addresses to experience that fate. It has indeed happened, there is a foreclosure in the Brownstones @ downtown Franklin. 214 Emily Court is a 3 bedroom, 3 full bath, 2 half bath, 2 car garage new construction masterpiece that features a center atrium which... [Read the entire article…]

Low Life, Blood Sucking, Vulture Realtors Video

August 18, 2010 by admin · 2 Comments  

If we cannot laugh at ourselves, then who can we laugh with? Seriously, this video portraying a Realtor cold calling on a distressed home seller is genius. It captures the internal argument that resides within most sellers who are having difficulty staying afloat while waiting for the other shoe to drop. Sadly, this is a conversation many homeowners are afraid to have with their Realtors. Many allow... [Read the entire article…]

The Most Expensive Foreclosure in Brentwood, TN

July 21, 2010 by admin · 1 Comment  

826 Windstone Boulevard in Brentwood, TN 37027 is a 10,539 square foot mansion that currently holds the nefarious title of most expensive foreclosure in Brentwood, TN. Listed at $2,400,000, this new construction home is the most expensive foreclosure of all time in Brentwood. Pinnacle Bank is the lucky owner of this mostly complete home in the posh neighborhood on Windstone off Murray Lane. Windstone... [Read the entire article…]

The Most Expensive Foreclosure in Franklin, TN

June 12, 2010 by admin · Leave a Comment  

I was having a conversation with a colleague today who told me that she had heard of a $4 million house in Franklin that was in foreclosure. She thought that there were several homes in that price range in foreclosure and was excited about the opportunity of finding a buyer for all of these high-end foreclosures. I didn’t say anything at the time, but the high-end market in Franklin has fared rather... [Read the entire article…]

Rare Foreclosure in Belle Meade

March 11, 2010 by admin · 1 Comment  

The downturn in the economy has reached the Belle Meade area of Nashville resulting in a foreclosure of a 3,250 square foot renovated home. The home was originally built in 1940 and is located in the Highlands area of Belle Meade at 308 Page Road. The Kemps had purchased this property for $581,830 on 2/11/2005 and is currently appraised for $640,100 by the Davidson County Tax Assessors office. The... [Read the entire article…]

What’s Wrong with Hampton Reserve in Brentwood?

February 20, 2010 by admin · 10 Comments  

I’m not sure that anything is wrong with Hampton Reserve, but there is certainly something wrong with the high end housing market in Brentwood…BUT, that’s only if you are a seller. If you are a buyer who has always wanted a McMansion in a gated neighborhood, break out the drool bib because your day has cometh. Currently, of the 16 houses for sale in Hampton Reserve, 5 are on the distressed market... [Read the entire article…]

A Few Favorite Nashville Foreclosures & Short Sales

February 19, 2010 by admin · 5 Comments  

For those of you who missed out on the incredible 1 bedroom condo foreclosure in the Encore (the first ever) or the record setting one in the Enclave (all time record), I thought that I might share a couple of my current favorites: Short sale in the Icon in the Gulch – this is one of the very first distressed sales in the Icon and it’s priced fairly well. The condo is #1004 and is a Horizon... [Read the entire article…]

12 Days of Christmas Song Foreclosure Style

December 22, 2009 by admin · 2 Comments  

Well, all I can say is that it is sort of true, but certainly funny and sadly relevant. Merry Christmas and enjoy a little twisted humor! (does have sound)

Tennessee Mortgage Delinquencies and Foreclosures

December 9, 2009 by admin · Leave a Comment  

Mortgage delinquencies and foreclosures were weak in the second quarter. According to Tennessee Housing Market, a publication of MTSU’s Business and Economic Research Center, “The continued weakness in mortgage loans is a consequence of the financial stress Tennessee households are experiencing as unemployment rises and household incomes fall. Mortgages past due in Tennessee rose to 10.33% in... [Read the entire article…]

Nashville Mortgage Rates Approach Record Lows

October 6, 2009 by admin · 1 Comment  

Nashville mortgage rates approach record lows! Freddie Mac reports that the average interest on a 30-year fixed mortgage fell to 4.94 percent during the week ending October 1st, the first time since May that the firm’s survey has slipped below 5 percent. The rate on 15-year fixed loans, meanwhile, dropped to an all-time low of 4.36 percent. The Federal Reserve’s effort to purchase $1.2... [Read the entire article…]

Rolling Mill Hill Foreclosure Auction

September 22, 2009 by admin · 3 Comments  

Rolling Mill Hill’s three condo buildings will be sold to the highest bidder at foreclosure auction at 10 a.m. Sept 24, 2009. The auction will be held on the Metro Nashville courthouse steps located at 1 Public Square in downtown. The development had been a centerpiece of MDHA’s redevelopment of the old Metro General Hospital site. The agency sold the land to private developers (Direct Development),... [Read the entire article…]