Final Foreclosures for Rhythm at Music Row

August 31, 2011 by admin · 8 Comments 

Next week the remaining developer owned condos in the Rhythm at Music Row will foreclose. This foreclosure will mark the end to a rather unconventional chapter for downtown Nashville high-rises and usher in a new, more welcomed chapter that will see market forces driving value. On Tuesday, September 6th, Cadence Bank and Pinnacle Bank will [...]

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 [...]

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% [...]

Brentwood Homes Price Value Analysis

November 28, 2009 by admin · 2 Comments 

I was recently asked by a client to research all available homes in Brentwood priced above $500,000 that were built after 1997 and have at least 4,000 square feet, 4 bedrooms, 3 bathrooms and a 3 car garage. This particular executive client is in search of a primary residence in Brentwood, but would like to [...]

Thanksgiving Real Estate Humor

November 26, 2009 by admin · Leave a Comment 

I don’t know about you guys, but I know way too many property owners who are feeling like the turkey on the left. In an effort to show you that your situation could always be worse, here are a three mega tales of real estate loss…I hope these make you feel just a little bit better: The [...]

“Shadow Inventory” Adds Time to Nashville Recovery

October 29, 2009 by admin · 4 Comments 

According to a recent article in Barrons, there is a growing segment of 7.1 million homes in the US’s “shadow inventory” – more than 15 months worth at the current absorption rate of sales. These are homes and condos that are most likely headed for foreclosure – mortgages that are at least 60 days overdue, of which [...]

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 [...]

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 [...]

5th & Main Condo Sales Update

September 18, 2009 by admin · 2 Comments 

Well, there really is not a whole lot to report here except for the fact that there have been no new closings since my last report in August. Since Wachovia let the East Nashville 5th & Main project slip into receivership, there has still only been 2 brave souls to take the plunge. The Tennessee [...]

Brentwood Homes Short Sale and Grant Hammond

September 11, 2009 by admin · 6 Comments 

This article entitled “High-end homes take a hit” appeared in the Williamson AM on September the 11th, 2009. The author is Nancy Mueller: BRENTWOOD - Short sales and foreclosure sales are now being seen in some of Williamson County’s most expensive neighborhoods. During the first week of September, there were four short sales available in the Governor’s Club, plus [...]

Short Sale in Brentwood’s Hampton Reserve

August 27, 2009 by admin · 4 Comments 

When you think of Brentwood’s Hampton Reserve most of us think of the 2004 parade of homes and the amazing opulence of the custom built multi-million dollar homes. It was the first time that I had ever seen a full size golf simulator, wet sauna, 20 foot mahogany bar and poker room in someone’s basement. [...]