We've all seen the papers about so many foreclosures, HUD foreclosures, bank foreclosures, it is definitely unfortunate, but it's also an opportunity for BUYERS.
You've also seen the ads, Handy-man Special or Great Fixer-Upper, needs tender loving care, or maybe NO FHA contracts because it needs to many repairs.
You also know the catch-22, the bank won't lend you the money to buy the house until the repairs are done
and you can't do the repairs until you buy the home, and you don't have the donwpayment, closing cost
money and enough money to do the repairs. Well, if you want to get that great house at a great price, its
time to find a Buyers Representative with Rehabilitation Mortgage Experience that knows which lenders
do these loans and how they work and how to make it work, (there are Very Few of both around).
There is a government insured program that has been around for years that is available to the homebuyers that intend to occupy the new home. Its an easy program nad of course you must be able to qualify for the loan as you would any other governament loan.
This program is available to anyone regardless of age, so if you are a senior and need to remodel for disabilites, this program can be used for a refinance.
Under this program you may finance up to $35,000 in improvements to the property, including but not limited to:
Repair or Replace: Windows and Doors - Roofs - Gutters - HVAC units - painting - waterproffing basements - septic or well - Purchase appliances, Remodel for persons with disabilities - weatherization - remodel kitchens - and many more...
You may purchase HUD forclosure homes including one that states it is uninsurable, provided the repairs qualify as eligible work items.
If you have been discouraged about purchasing a home that needs repairs, either by a real estate agent, lender or otherwise. STOP, don't listen, you can do it, yes it will mean a commitment from you to get your loan in order, with of course help from our team, there is additional effort and paperwork to be done, but isn't owning a home or your own at a great price worth it?
THDA - Tennessee Housing Development Agency has a plan that may help homeowner's.
According to a memorandum sent to All THDA Originating Agents on September 29,2008.
BEGIN QUOTE
"EFFECTIVE WEDNESDAY, OCTOBER 1, 2008, THDA WILL IMPLEMENT A NEW MORTGAGE CALLED GREAT SAVE. TO QUALIFY FOR THIS REFINANCE LOAN, THE MORTGAGE LOAN TO BE RE-FINANCED MUST BE AN ADJUSTABLE RATE MORTGAGE (ARM) LOAN MADE AFTER DECEMBER 31, 2001 AND BEFORE JANUARY 1, 2008, THAT, AS DETERMINED BY THDA, WOULD BE REASONABLY LIKELY TO CAUSE A FINANCIAL HARDSHIP TO THE BORROWER IF NOT RE-FINANCED ("QUALIFIED ADJUSTABLE RATE MORTGAGE LOAN"). THIS PROGRAM WILL EXPIRE DECEMBER 31, 2010."
END QUOTE
This program will not save all Tennessee homeowners in trouble, but for a great number of people facing problems with their mortgage it may be the program that saves the day.
It will help stabilize the lives of those with outrageous adjustable-rate-mortgages, with a 30 year fixed rate loan, and save them from a foreclosure.
Any person who would like additional information about this program, please feel free to contact us at the numbers below or e-mail.
If you would like information on buying homes under the THDA program, please feel free to contact us, we service all of Middle Tennessee and love to work with first time home-buyers.
"TEAM MOTHER-DAUGHTER"
of Reliant Realty
FOLLOW-UP October 7, 2008
Since I originally posted this blog (less than a week ago), I have had an enormous amount of phone calls and e-mails, after referring them to a lender that specializes in government loans, I have found that many are NOT qualified for various reasons.
This means to many, that they will need to sell their home before foreclosure. This is a very stressful and confusing time in someones life.
My daughter and I have decided that we need to help persons in this situation and the only way we can do that is offer anyone a Full Service Listing at a Discounted Price, with no discount in services.
We realize that no one wants to have to sell their home, but in life it does happen so with a sad heart we are offering our services to you, with a promise that we will do all we can to assist you in your current situation.
Feel free to contact us for a private non-oligatory meeting to discuss your situation, your privacy is quaranteed. Please mention THDA Great Save when you call.
Pumpkin Time in Tennessee is always great fun and marks the beginning of fall colors.
You can find a Tennessee Pumpkin Patch
in almost every County in Tennessee.
Sumner County Farms has at least 7 that I know of.
The age old QUESTION, how do I pick a pumpkin that will last? Here are a few tips.
Look for a pumpkin that still has it stem and if possible is green and is firmly attached, preferably 1-2 inches long. If the stem is missing or brown it may already be beginning to break down.
Don't buy one that has soft spots, mold or warts, yes pumpkins get warts, they are caused by a virus it doesn't affect us or the fruit, it just won't last as long.
If you paint rather than carve, it will last much longer also.
If you are looking for a great way to spend quality time with the family an afternoon at one of the many Pumpkin Patches should be your destination.
They have a lot of unique outdoor fun and an atmosphere where families of all ages can relax and enjoy the great outdoors together. Some of the activities you can find at various Pumpkin Patches are Corn Mazes, Fall Festivals, hay Rides, Cow Trains, Barnyard Animals, Picnic Areas, Gift Shops, Petting Zoos, Playgrounds..
To find out where some of the Tennessee pumpkins are you can visit:
If you are considering buying or selling Real Estate in Sumner, Davidson or Wilson Counties, call "doris and sherri", they are true professionals and can assit you in your Hendersonvil Search for Homes, or if your looking for Gallatin Houses for Sale, they have Nashville Houses for Sale and don't forget to look in Madison-Goodlettsville Houses for Sale.
The Weekly Membership Newsletter of the Tennessee Assn. of REALTORS Editor: Pug Scoville
2. It's Affordable in Tennessee!
Among all of the negative news stories that crossed our desks last week, one news item actually was a "win" for one Tennessee city:
*** BEGIN QUOTE *** The cost of buying and maintaining a home is pretty reasonable if you live in certain Midwestern or Southern cities, according to Forbes magazine's new report.
To determine America's least expensive places to own a home, Forbes used data from the U.S. Census Bureau's 2008 American Community Survey, released Tuesday.
The survey reported the 2007 median monthly housing costs in the country's metro areas with a population over 65,000. Housing costs include monthly mortgage payments, real estate taxes, various insurances, utilities, fuels, mobile home costs and condominium fees.
Here are the top-10 cheapest cities to own a home:
1. Cleveland: $978 a month 2. Columbus, Ohio: $1,060 a month 3. Pittsburgh: $1,187 a month 4. San Antonio, Texas: $1,216 a month 5. Indianapolis: $1,232 a month 6. NASHVILLE: $1,256 A MONTH 7. New Orleans: $1,296 a month 8. St. Louis: $1,299 a month 9. Charlotte, N.C.: $1,336 a month 10. Cincinnati: $1,353 a month
*** END QUOTE ***
•· This is good news for home buyers and sellers in Middle Tennessee, and if you find yourself in need of a Real Estate Professional to assist you in your Hendersonville Search for Homes, or looking for Gallatin Houses for Sale, Nashville Houses for Sale or Madison-Goodlettsville Houses for Sale, be sure to call:
Farmers markets are more than just vegetable stands today, they are a gathering place for the locals to sell their goods at fair prices without having to pay large fees for a store fronts, agriculture costs are rising and that means higher costs to the consumer so when visiting your local farmers markets or the actual farm you know that you are not only getting quality, fresh foods but usually at a lower cost, your food is not picked green and ripened in the grocery store.
According to the site it was created by the efforts of The Centers for Medicare & Medicaid Services (CMS), which is an agency of the U.S. Department of Health and Human Services (DHHS) and members of the Hospital Quality Alliance (HQA).
This website is a great tool for anyone using the services of a hospital, including Medicare patients, but don't use this as your sole source of information, consider your doctors recommendations and do research if you have the time before entering a hospital.
You can find general information from a Hospital Checklist, to your rights as a patient. They also have a section to see what actual patients have had to say about their care in certain hospitals. You can find out the results of certain care and treatments.
I'm sure there are many more websites similar to this one, but after going through this one it really has some great information and could be used by families, their doctors and nurses and even hospitals themselves to see how they rate with other facilities.
I hope you find the information on this site as informative as I did, I plan on adding this site to my Real Estate website at:
Your Real Estate Partner for Homes in Middle Tennessee, including your Hendersonville Search for Homes; Gallatin Houses for Sale; Hendersonville Lake Homes for Sale; Madison-Goodlettsville Houses for Sale, Nashville Houses for Sale; Mt Juliet Real Estate for Sale; Sumner County Houses fro Sale and Wilson County Houses for Sale.
I went to the Nashville Home & Remodeling Show this last weekend. It had some great new and interesting things for the home.
Here's the one I was really impressed with, now it's been around for awhile, but I had never really looked at one or talked to someone about them.
It's The Tankless Water Heater
You get endless hot water, you only heat the water you need, when you need it, you can get 240 or more gallons per hour with NO recovery time.. This has got to be the wave of the future and talk about "Green". You can get them for use with gas or electric
They say that you can get up to 40%, yes I said 40% energy savings. That's because when there is NO demand for hot water the tankless unit shouts down and uses no energy. And you don't have to worry about the tank leaking and flooding your home.
Now you can take a shower, run the washing machine and dishwasher and still have hot water.
They are so small and take up very little room, not much bigger than a suitcase, not the big one a carry on.
So homeowner's next time you are in the market for a water heater, check these out. They cost a little more than a conventional water heater, but with the savings you should be able to re-coup the extra cost and don't forget no more cold showers.
Wyncrest consists of approximately 243 home sites.
Wyncrest Subdivision is an Up-scale Subdivision, with stylish home interiors for the family seeking a spacious home and yard. Many of the homes are loaded with extras from hardwood floors, granite counter-tops and open floor plans.
The average age of the homes is 10 years.
The average turnaround on homes in this neighborhood is 6.23 years.
The tax record square footage in this subdivision is between 2380 to 4489
Tree Lined Streets with sidewalks.
This is a great family neighborhood. Its just a quick jump to downtown Nashville, you have the best of both worlds, country atmosphere with great schools and easy access to Metropolitan Nashville.
Many of the Homes are Surrounded by Mature Trees and some back up to farmland.
The homes are mostly constructed of all brick or brick on three sides and some siding, with large lots, great for families, room for play areas and outdoor living.
The prices for homes in this neighborhood run between the low $200's - low $300's.
Easy access to Hendersonville Hospital - Vietnam Veterans By-Pass - Large Shopping Centers - grocery stores - banks, schools and less than a mile to Country Hills Public Golf Club, and just a few miles to Bluegrass County Club (Private) no need to go outside this area for anything.
If you are looking for a settled neighborhood with
We would love the opportunity to show this neighborhood and any of the others in your Hendersonville Search for Homes, Gallatin House for Sale, Sumner County Houses for Sale, Hendersonville Lake Homes for Sale or Sumner County Farms for Sale.
Homestead Place consists of approximately 81 home sites.
The average age of the homes is 9 years.
This neighborhood at this writing has held an average 22% increase in home prices.
The average turnaround on homes in this neighborhood is 4.33 years.
The tax record square footage in this subdivision is between 1617 to 2470
Shaded Picnic Areas
This is a great family neighborhood. It has a homeowner's association and neighborhood playground with shaded picnic areas and walking area.
Playground Area
The homes are mostly constructed of brick fronts and siding, with small manageable lot size, great for the family that wants the privacy of a yard but doesn't want to spend all their free time working on the yard.
Homes in this subdivision range in prices from the low-$100's to high-$100's
Less than a mile to Hendersonville Hospital - Vietnam Veterans By-Pass - Large Shopping Center, that is still adding stores - grocery stores - banks, no need to go outside this area for anything.
We would love the opportunity to show this neighborhood and any of the others in your Hendersonville Search for Homes, Gallatin House for Sale, Sumner County Houses for Sale, Hendersonville Lake Homes for Sale or Sumner County Farms for Sale.
25th year reunion on September 20, 2008 - from 11 a.m. - 3 p.m. at Sanders Ferry Park, Shelter Number 8 and from 6:30 p.m. - 11:30 p.m. at Lighthouse Events Center (reservations only).
For more information send name, address and phone number to
hhs_classof1983@bellsouth.net or call 615-24-0988
The class is on classmates.com and facebook.com
WOW! WOW! WOW!
GallatinHigh School: Class of 1953
55th year reunion on November 1, 2008 at Cherokee Steak House, Spouses and guests are welcome.
For more information, call 615-452-7276 or 615-826-8159 or e-mail bebebop@bellsouth.net.
This class also has ongoing monthly meals for class members and spouses or guests at The dining Room in Gallatin at 11 a.m. the third Monday of every month. For additional information use the information provided .
GallatinHigh School: Class of 1988
20th year reunion on September 19th and 20th, 2008 at the
Bluegrass Yacht and Country Club in Hendersonville.
For more information, call 615-646-7777 or visit classactreunion.com
GallatinHigh School: Class of 1998
10th year reunion on September 27, 2008.
For more information, e-mail your name and mailing address to: classof98ghs@gmail.com or call Amanda Yates Slusher at 615-230-8229
TrousdaleCountyHigh School: Class of 1973
35th year reunion on September 13, 2008 at Tully's Bistro in Hartsville.
For more information, call Jody Mayhew Piper at 615-451-3149 or 615-519-3149
WestmorelandHigh School: Class of 1993
15th year reunion on September 20th, 2008 at Woody's Steakhouse (between Hendersonville and Rivergate), beginning at 6 p.m.
For reservations, contact Jason Cline at 615-822-7604 or jasoncline@bellsouth.net by September 13.
WestmorelandHigh School: Class of 1978
30th year reunion on October 18th, 2008 at Macon Bank 8in Westmoreland, beginning at 6:30p.m.
For more information call Mildred Herald Cornwell at 615-452-0425 or 615-972-9749 or e-mail cornwelmildredcrn@aol.com
REALTOR, Broker, ABR (Accredited Buyer Representative, MLS Listings, Hendersonville Homes for Sale, Hendersonville Homes for Sale, Gallatin Homes for Sale, Nashville Homes for Sale, Sumner County Homes for Sale, Davidson County Homes for Sale, Wilson County Homes for Sale, Williamson County Homes for Sale, Brentwood Homes for Sale, Mt. Juliet Homes for Sale, Madison-Goodlettsville Homes for Sale
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
Here is a website everyone should have on their favorites list.
Shaded Picnic Areas
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