Top 5

Nashville’s Tide of Foreclosures

The Tennessean recently reported that real estate analysts are predicting new waves of home foreclosures in Nashville and Middle Tennessee.  The experts predict several factors will work together in 2012 to produce a series of waves that may further drive down prices and erode consumer confidence.  The experts cite the settlement of the case between [...] Read more »

HAFA – Foreclosure Alternatives in Nashville Real Estate

HAFA, Home Affordable Foreclosure Alternative, is a federal program designed for those who cannot afford their mortgage and want to avoid a foreclosure. Financial incentives are offered to both lender and borrower when they complete a HAFA short sale or deed in lieu of foreclosure.  The borrower must exhaust all possible loan modification options presented by [...] Read more »

Foreclosure Activity Decreases to Lowest Levels in Three Years

According to the latest report from Realty Trac, national foreclosure activity in February decreased to the lowest level in 36 months.  This is a 14% decrease from January 2011 and a 27% decrease from February 2010.  This is also the largest year over year decrease since Realty Trac began the U.S. Foreclosure Market Report in 2005.  Ten states [...] Read more »

Velocity Condos Selling to Real Estate Investor

The Nashville Business Journal is reporting that the Velocity Condominium Development in The Gulch is scheduled to be sold to an Atlanta-based investor.   Last June, the owners of Velocity conveyed the rights and interest in the 223 unsold units and retail space back to the lender for the project.  A deed in lieu of foreclosure is the [...] Read more »

2010 Foreclosure Sales Report for Tennessee – Sales Down 34%

RealtyTrac reports in its 2010 Year End Foreclosure Sale Report including national statistics and data for Tennessee. Tennessee had 14,656 distressed property sales for 2011 which is down 34% from 2009. Distressed properties (including foreclosures) accounted for 19% of all home sales in Tennessee and the average sales price was $95,501. Distressed properties sold at [...] Read more »

Deed in Lieu – Another Alternative to Foreclosure

The goal of a deed in lieu is to prevent foreclosure for homeowners who can no longer make their mortgage payments. While it will not allow you to keep your property, it is often an easier process than a foreclosure and may have a less negative impact on your ability to get a loan in [...] Read more »