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How to Buy Non-Performing Bank Notes in Nashville Tennessee

An interesting alternative to Short Sales, REO and Foreclosure Auctions is currently available in Nashville Tennessee.  Non-Performing Bank Notes can be a great investment and they typically are at a lower cost than foreclosure auction purchases.   The notes are secured by Real Property and may be sub-performing or non-performing.  For experienced real estate investors, the notes can [...] Read more »

Top 5

Do You Have The Heart of a Teacher?

One of my favorite talk radio hosts, Dave Ramsey, tells his listeners that they need to work with sales people who have the heart of a teacher.  This is great advice from a very successful business person.  So I took this question to heart, do I have the heart of a teacher?  Before I could answer that question, [...] Read more »

Nashville Home Sales Decline 10% In March

There were 1,673 home closings reported for the month of March 2011, according to figures provided by the Greater Nashville Association of REALTORS®. This figure represents a 9.6 percent decrease compared with 1,851 closings in March of 2010. Numbers for the first quarter of 2011 were 3,908 closings, down 6.8 percent from the 4,192 closings [...] Read more »

Buy Foreclosures Like A Pro #3 – Writing An Acceptable Offer

This is the third edition of the series on how to buy foreclosures, REO and bank-owned homes in Nashville like a Professional.   Although Nashville, Tennessee is my primary location, this valuable information will be helpful no matter where you live.  I will offer insight and share my experiences selling foreclosures in Nashville since 2005 .  Do not buy a foreclosure, short sale, rental or [...] Read more »

Nashville Real Estate Moves With Local Job Market

The Greater Nashville Association of Realtors is reporting a 13.3% decrease in sales volume in February when compared to February 2010, and sales were flat as compared to January 2011.  Inventory increased 3.2% over the previous month, and we have 18.5 months of  inventory at the current sales rate.  Prices are up slightly after a [...] 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 »

5th & Main Condo Sales Re-Start In April

This story is a follow-up to an article written about the foreclosure sale of  5th & Main Condos in East Nashville.  They were recently auctioned  for $11.2 million and purchased by ACG Equities. The property, located in East Nashville, is just across the river from downtown.  The development sold 9 condos and rented out sixty percent of the other units since [...] Read more »