Top 5

Top 5 Reasons to Buy a Home In Nashville Now!

The American dream of home ownership is what drives the spirit of this country.  This dream has turned into skepticism due to the recent uncertainty of the housing market.  We all know the market moves in cycles, and these five developments are the top reasons why potential buyers need to act now. 1.    Home affordability [...] Read more »

Nashville Foreclosure

Nashville Foreclosures Continue to Decline

Core Logic, a leading provider of housing data, shows the overall foreclosure activity is down in Nashville, TN and many other cities.  Nationally, the percentage of homeowners who are at least 90 day delinquent has dropped from 7.8% in February 2011 to 7.3% currently.   Out of the top 100 metro areas studied, 61 of them were showing decreases [...] Read more »

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 »

mcREO_logo

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 »

Nashville Largely Unaffected By FHA Loan Limit Raises

Late last week Congress approved a change to loans insured by the Federal Housing Administration (FHA).  Included in a spending bill passed by both houses was a provision to raise loan limits to $729,750.  The provision reinstated the limit through 2013 at 125% of local median home prices to a maximum of $729,750.  The previous limit for [...] Read more »

HARP 2.0 To Help Homeowners With Negative Equity

The new guidelines for the Home Affordable Refinance Program (HARP) have been released which should help nearly 2 million homeowners who owe more than their house is worth. The new regulations include no Loan to Value (LTV) restrictions on fixed rate loans of 15 or 30 years.  This will help slowdown foreclosures in the hardest hit areas [...] Read more »

New Options For Refinancing Underwater Mortgages In Nashville

The Federal Housing Finance Agency (FHFA) has announced a new government refinancing program for borrowers who owe more than their home is worth.  This will allow them to take advantage of today’s great interest rates and help to strengthen their household.  The previous HARP guidelines had a ceiling on the loan-to-value ratio (LTV) of 125%.   You could [...] Read more »

US Credit Downgrade Has Implications For Nashville Real Estate

In addition to Standard & Poors downgrade of the U.S. debt, Fannie Mae and Freddie Mac were also downgraded late last week.  Many expect this to cause rates to rise in the long run, however, it has had the opposite effect in the short-term.  Rates on the most popular loans were down 5 to 7 basis [...] Read more »

Foreclosure Shadow Inventory Continues to Decline

CoreLogic, a leading supplier of Real Estate related information, reported today that the current shadow inventory of residential properties has declined to 1.7 million in April 2011. This is down from 1.9 million units in April of 2010. This new level represents a five months supply of homes. The decline is attributed to fewer new [...] Read more »

Toxic Mortgage Program Nets Taxpayers $1.7 Billion

According to DSNews, the program launched by the US Treasury in March 2009 to take toxic mortgage assets off banks’ books has earned $1.7 billion for taxpayers — $500 million in dividends on the investments made and $1.2 billion in “unrealized gains” as the value of securities purchased under the program has increased.  Under the program, [...] Read more »