Reduce Your Mortgage Obligations to Avoid Foreclosure - 11/22/08 11:05 PM
I have a client in short sale with a 1st mortgage, a home-equity line of credit, and a third lien. As we've been working through the process of getting his home sold, I've had to help him keep up with whatever he can. I had to do some research and learn a few things myself so I can be there for him and help him find his way again! As I searched different areas, I found this interesting article that I thought would be good to share with you all. Have a great weekend.
by Attorney Stephen R. Elias
You may … (3 comments)

Short Sales Info! - 11/22/08 10:48 PM
The last couple  of months I've had to work with a new short sale property and it has been an educating process to me. I've had to do a lot of reading and fast learning in the process.
I found out that in many states, lenders can sue homeowners even after the house is foreclosed on or sold, to recover for any remaining deficiency (the difference between the selling and owed amount).
In a "short sale" the homeowner gets permission from the lender to sell the house for an amount that will not cover the entire loan (the sale price falls "short" of the amount owed … (3 comments)

Mortgages - A Sad Joke - 11/22/08 06:29 PM
-The dream of the older generation was to pay off a mortgage. The dream of today's young families is to get one.-There is no longer a need for the neutron bomb. We already have something that destroys people and leaves buildings intact. It's called a mortgage.- If you think no one cares you're alive, miss a couple of house payments.- This country is great. It's the only place where you can borrow money for a downpayment, get a 1st and 2ndmortgage and call yourself a homeowner.- Home is where the mortgage is.- The house was more covered with mortgages than with … (0 comments)

1709 Elmwood Rd - 11/22/08 05:35 PM
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2539 Elkmont Dr - 11/22/08 05:15 PM
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421 Jen Hollow Rd - 11/22/08 04:32 PM
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Lease Agreement - Get professional Opinion - 11/15/08 11:55 PM
Did you know that one little word on your lease can cost you a fortune? If you say maintenance vs. damages, you end up collecting nothing form your tenant that just destroyed your property? I found that out the hard way! The judge said if it didn't specifically say: Tenant to pay for any and all damages, any maintenance issues, neglect, damgage to the property will go unaccounted for.
If you have rental property,  do yourself a favor and take all your paperwork to a specialized attorney to review it and make sure if you had to ever enforce any item … (2 comments)

Tenants - Pets or no pets - 11/15/08 11:51 PM
I am a pet owner myself and I try to be tolerant and acceptant of other's pets as well. I have tenants and some of them have pets. I know a lot of landlords do not accept pets and it sounds tough but a lot of times the units get destroyed due to pets.
Unfortunately, my experience has been that the owner of the pet (the tenant) is the one responsible for it. The pet can't help the fact that you didn't not walk them outside to do their business and now they have to go and it ends up on … (3 comments)

The Guys' Rules­­­­­­­­­­­­­­­­­­­ - 11/15/08 10:39 PM
At last a guy has taken the time to write this all down - My brother-n-law sent this to me. Hmmm, I wonder why?
Finally, the guys' side of the story. ( I must admit, it's pretty good.)We always hear 'the rules' from the female side. Now here are the rules from the male side. These are our rules!Please note:   these are all numbered '1' ON PURPOSE!
1. Men are NOT mind readers.1. Learn to work the toilet seat. You're a big girl. If it's up, put it down. We need it up, you need it down. You don't hear us complaining … (1 comments)

To Maintain A Healthy Level Of Insanity - 11/15/08 10:30 PM
1. At Lunch Time, Sit In Your Parked Car With Sunglasses on and point a hair dryer At passing cars and see if they slow down.2. Page Yourself Over The Intercom. Don't Disguise Your Voice !3. Every Time Someone Asks You To Do Something, ask If They Want Fries with that.4. Put Decaf In The Coffee Maker For 3 Weeks. Once Everyone has Gotten Over Their  Caffeine Addictions, Switch to Espresso.5. In the Memo Field Of All Your Checks, Write 'For Marijuana'6. Finish All Your sentences with 'In Accordance With The Prophecy.'7. Skip down the hall Rather Than Walk  and see … (4 comments)

*77 - it might save your life - 11/15/08 10:27 PM
I knew  about the red light on cars, but not the *77. A friend of mine send me an e-mail the other night. It read:
It was about 1:00 p.m. in the afternoon, and Lauren was driving to visit a friend. An UNMARKED police car pulled up behind her and put his lights on. Lauren's parents had always told her never to pull over for an unmarked car on the side of the road, but rather to wait until they get to a gas station, etc. Lauren had actually listened to her parents advice, and promptly called *77 on her cell phone to tell the … (0 comments)

Investor's market or not? - 11/15/08 10:11 PM
Everywhere I turn people talk about the housing market and how bad this and that is, and also what a great oportunity it is for investors. True? Maybe!
The kind of investors that purchase foreclosures or short sales with CASH, are doing well! But what about the investors that need or want to use borrowed money? The interest rates for investor loans are up; the loan to value ratio has changed for investor loans requiring bigger downpayments;stated loans are a thing of the past even with great credit... you get the picture. There are lots of deals to be made, lots of … (0 comments)

"We have information about the return of your Soldier..." - 11/15/08 09:39 PM
Last night I came home with the kids as I do every evening... carrying my bags, kids backpacks and what have you. As we turned on the lights one of my girls pointed at the blinking light on the answering machine and said: "Mommy, there is a message on the machine".
I navigated my way to the answering machine and here is the message: "We have information about the return of your Soldier. Please, call .... to get the flight information... " I didn't hear the rest of the message as the kids started jumping up and down screaming to the … (6 comments)

Part Time Realtor?! - 11/15/08 08:24 PM
What's a part time realtor? Can you really be a REALTOR devoting only part of your time? I work around the clock on the business (not necessarily in the office) and I still think there is not enough. There are lots of laws, rules,  and regulations to learn... prospecting to do, keeping up with existing clients, marketing, technology, human interaction... lots to do and lots to learn! How can you do all that only "part time"? Do you do justice to your clients if you're only available a couple of hours per day?
Yesterday I took a couple of clients out … (0 comments)

Welcome Back Troops! - 11/08/08 11:59 PM
It has been a long year for lots of our military and their families and it is finally coming to an end. Many soldiers returned to Fort Campbell in the last week and many more continue to fly in every day. A lot of spouses had moved out of town to be with their extended families and they're returning to Clarksville and Ft. Campbell to reunite with their spouses returning from deployment. You can feel it in the streets, lots more traffic, lots more people, lots more excitement.
We are happy to have our Guys back home! The local economy has … (5 comments)

8 Things No One Told You About Marriage - 11/08/08 11:54 PM
1. You will look at the person lying next to you and wonder, Is this is? Forever?
2. You'll work harder than you ever imagined.
3. You will sometimes go to bed mad (and maybe even wake up madder).
4. You will go without sex - sometimes for a long time - and that's OK.
5. Getting your way is usually not as important as finding a way to work together.
6. A great marriage doesn't mean no conflict; it simply means a couple keeps trying to get it right.
7. You'll realize that you can only change yourself.
8. As … (1 comments)

Real Estate Legal Tip of the Week - 11/08/08 11:48 PM
You know you are really representing the best interest of your Buyers when you do the following:
1. You strongly advise the Buyers to obtain an owner's title insurance policy, even if they have to pay for it themselves.
2. You strongly advise the Buyers to obtain boundary line survey prior to closing, even if they have to pay for it themselves.
3. You check the subdivision restrictions, septic permit, and zoning requirements to make sure that the Buyers are able to do with the property what they intend, i.e. confirming their ability to obtain a building permit and septic permit … (0 comments)

Pay Per Click Marketing - 11/08/08 11:41 PM
I've heard lots of ideas and opinions on the "Pay per Click" subject. I'm not sure if a "PayPerClick vs Free Search" argument is the right way to approach the internet marketing for an agent. This is not a contest! It is about what works best for a particular agent.
In some cases PPC might be the best and most effective marketing for you and the best return on your money. It is also a big help for new agents with new websites since it draws traffic to their websites. However there are lots of costs involved and if your website … (0 comments)

Cold Weather Hints - 11/08/08 11:21 PM
Insure the vents on the outside of your house are all covered during the winter. Cut pieces of plywood or cardboard and place over open areas if necessary. Some newer homes have louvers which can be opened or closed.
2. Open cabinets doors under the sink in the kitchen and bathrooms to allow warm air to circulate to the pipes.
3. If you should leave on vacation or holiday, do not have your utilities disconnected or turned off. Leafe your thermostat set at least 55 degrees.
4. If you are scheduled to vacate the property during winter months, it is the … (1 comments)

Stop Sabotaging Yourself - 11/08/08 11:09 PM
Lets face it, change is scary! We like our systems, we try to set them up "just right" and follow them off a cliff. OK, nothing wrong with having certain systems in place to keep track of things, follow up on clients, remember what needs done and when, but on the other hand if all of us follow exactly the same systems, what sets us apart?
I thing some things are better done outside of the systems. A little hand-written note, a personalized birthday card, actually listening to the client and taking little notes to remember what is important to them … (1 comments)

The Art of Client Care - 11/08/08 09:55 PM
You get by giving. If you believe that, you must live it as well. I certainly do! It's my phylosophy, it's the main principle of my life! ... and I try to communicate it in everything I do! After all the business we're in is a customer service business - You give, before you receive! If we want our clients to return to us, to refer their friends and relatives to us, to remain loyal to us forever... we must give before getting anything in return.
As great as the technology development has been in automating and making things easier to … (0 comments)

"For Rent" or "For Sale"? - 11/08/08 08:35 PM
With the housing market in the tank, we've seen an increase of demand for rental units. At the same time we've seen an increase in the supply of the rental units. Because the sales have been slow, many homeowners have chosen the path of least resistance: Rent their homes. Their reasoning: at least, they will be able to collect some money to cover the mortgage payment, or most of it rather than wait for the sale, collect nothing, continue to make mortgage payments, and watch the price of their most valuable posession go down every week.
However, this increase in the … (0 comments)

What goes around, comes around... - 11/01/08 11:51 PM
About 8 months ago I received a call from a friend of mine tipping me on a FSBO that was right around the corner from my own home. I drove by, called and set up an appointment to see the lady of the house. She said her boyfriend was trying to sell it on his own. I gave her a prelisting package, did a walk through of the property and gave her some tips on cleaning and staging to make it presentable and appealing inside and out. 
I even went as far as to give her some of the cabinet hardware … (9 comments)

Banking and Housing Industry effecting all of us - 11/01/08 11:44 PM
I got a letter from Chase bank today about my home equity line of credit. They notified me about reducing the line of credit due to "the property value declining". They said that my house was now worth about 30-35K less based on their evaluation and as a result they were lowering our limit.
This was a pretty good size line of credit that I use mainly for business. I purchase distressed properties and rehab them. However those particular properties are either bought at auctions or REOs in poor shape, that don't qualify for financing due to poor condition of the house - so they … (1 comments)

Agent Image Websites - 11/01/08 11:39 PM
According to the 2008 NAR Technology Survey, over half of those surveyed cited the Internet as an extremely important source of leads for their business. Is your website getting you the leads you need? Agent Image creates the websites and online marketing campaigns that do look very professional and colorful. 
Does any of you use agentimage websites? They do look pretty cool. How flexible are they and do you get enough flexibility and customization?
 
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Tips about blogging - 11/01/08 11:35 PM
Maybe you call yourself a real estate blogger or maybe you don't. No doubt you've heard about blogging or just maybe you think you have it down to a science. Either way, you know it's another method to have your voice heard above the drone of your competitors. Blogger or not, use these powerful tips and you will begin to separate yourself from your competition. Blogging Tip #1:Attention grabbing headlines are the ticket! It all begins with a compelling headline, or in this case - a compelling subject line that has you thinking "I must open this email." There is a … (0 comments)

Local Services for New residents - 11/01/08 11:33 PM
As we have had many more people move to town in the last few weeks as well as thousands of soldiers returning from ieployment and reuniting with their families back in Ft Campell, I thought I'd put together a list of our local utility service companies for their convenince.
Water:
Clarksville Gas & Water  931-645-7400
2215 Madison Street * Clarksville, Tennessee 37043
2015 Fort Campbell Blvd * Clarksville, Tennessee 37042
Electric:
Clarksville Department of Electricity 931-648-8151
2021 Wilma Rudolph Blvd * Clarksville, Tennessee 37040
CEMC - Cumberland Electric Membership Corporation 931-645-2481
1940 Madison St * Clarksville, TN 37043
Schools To find … (1 comments)

When Clients Don't Listen! - 11/01/08 09:43 PM
I had been working with a couple from out of state PCSing to Ft. Campbell KY for almost two months going from Rent, Buy, Rent, Buy... to finally BUY. OK! we got a winner! By the time they finally decided to buy and decided on which house, they only had 4 weeks left to report to their new duty station.
I e-mailed the lady a list of 3 bankers and 3 mortgage brokers and explained to her that if they wanted to close in 3 weeks, they should be looking closer at the services of a local bank instead of a broker for … (2 comments)

Understanding How the Tax System Works - 11/01/08 08:59 PM
A friend of mine e-mailed me this well written article. Regardless of your political views and the candidate you support and will vote for, please read it and try to understand it. I found it very interesting and true and I don't think I can say anything else about it other than:1. For those who understand, no explanation is needed.2. For those who do not understand, no explanation is possible.
An Explanation of the Tax SystemSuppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way … (1 comments)

1375 Tannahill Way - 11/01/08 08:48 PM
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Meli Gerogianis, Broker, CRS, ABR, SFR CDPE, Licensed in TN and KY

Clarksville, TN

More about me…

JKA Properties (Meli G Realty & Investment Group)

Address: 1330 College Street, Suite R, Clarksville, TN, 37040

Office Phone: (931) 802-6560

Cell Phone: (931) 378-9601

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