Nashville Short Sales: What Do Lenders Consider A Legitimate Hardship For A Short Sale? - 08/31/11 10:21 AM
Nashville TN –We had a question about FHA short sales yesterday. We did some research on FHA short sales as a result. We stumbled upon something interesting.
We have a list of all of the things that FHA considers legitimate hardships for a short sale. Click here to view the actual list from FHA. The good news is that if FHA considers something a hardship, then it is likely that most lenders agree.
Get my Free, Step By Step Loan Modification Guide by clicking here.
Here is the list of things that FHA thinks are a legitimate hardship for a short … (0 comments)
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Yes, a Nashville Short Sale May Actually Help Your Credit - 08/31/11 10:13 AM
Nashville TN – The Stop Foreclosure Institute recently received an e-mail from a recent short sale seller. We had helped him short sale his house.
Get my Free, Step By Step Loan Modification Guide by clicking here.
Here is his e-mail.
“Hi, I hope all is well. I am getting back to you on my credit scores. My score went from 663 in Feb. to 770 in June.
I know this is counter intuitive but must be because my outstanding debts were reduced. I am happy with this. Julio. “
I agree with him. I think the reduction in debt … (0 comments)
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Nashville Renewed trust for tough times - 08/31/11 06:26 AM
Renewed trust for tough times
Does it feel like trust is one of the major casualties of the economic meltdown of 2008 – followed by the “Great Recession,” the “Jobless Recovery” and now the threat of a “Double Dip Recession?”
Weren’t we assured that Nashville home values were destined to go up and up and up?
There have been lots of promises that help is on the way—and lots of warnings of scams and schemes that have only served to confuse the matter. So where’s a Nashville homeowner who’s underwater or overleveraged to turn?
Here’s the bottom line: the choices that Nashville homeowners … (1 comments)
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Franklin TN HUD Home For Sale Fieldstone Farms - 08/30/11 10:05 AM
Franklin TN HUD HOME FOR SALE … (0 comments)
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Thompsons Station Tennessee HUD Home For Sale Williamson County - 08/30/11 09:17 AM
Franklin TN Area HUD HOME FOR SALE Thompsons Station … (0 comments)
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Brentwood TN Williamson County HUD Home For Sale 1320 Lipscomb Brentwood TN - 08/30/11 09:11 AM
Brentwood TN HUD Home For Sale Williamson County $100 Down … (0 comments)
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Freddie, Realtors Look to Stop Short-Sale Fraud - 08/30/11 04:20 AM
Freddie Mac's fraud investigation unit is reaching out to Realtor associations and real estate agents to educate them about how to prevent fraudulent short-sale activities from taking place.
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In 2010, short sales accounted for 14% of completed workouts, a stark increase from the 4% accomplished in 2000 for the government-sponsored enterprise. Through June 2011, Freddie Mac said the volume of short sales they … (3 comments)
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Nashville Short Sale Myth: I Have To Go Thru The Loan Mod Process Before I Can Short Sell - 08/26/11 10:43 AM
Nashville TN – The Stop Foreclosure Institute recently received a question from Tonia about short sales. Apparently Tonia has been mislead by her lender.
Get my Free, Step By Step Loan Modification Guide by clicking here.
Here is Tonia's question about short sales. "I've been trying to sell my house for over a year now and have since remarried and moved into my husband's house.
I told the realtor I am willing to do a short sale so she called my mortgagor (short sale dept) and they said to just send in the bid. Well, they received a bid but will … (0 comments)
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Nashville Tennessee Foreclosure Summit Oaks - 08/25/11 07:30 PM
Nashville Foreclosure Summit Oaks 37221 … (0 comments)
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Franklin TN Westhaven Home For Sale - 08/21/11 09:10 AM
Franklin TN Westhaven Perfection … (0 comments)
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Fixing Credit After A Nashville Short Sale Step 10: Maintaining Good Credit - 08/21/11 07:39 AM
Nashville TN – If you have a foreclosure or short sale on your credit report, then it will lower your credit score quickly. In the near term, the decrease will be much more than it will be a few months down the road when it starts to inch its way back up. Get my Free, Step By Step Loan Modification Guide by clicking here. The credit reporting bureaus weigh the most recent activity more heavily than the distant past. Taking action now to build up the most recent activity is a great way to help your score rebound. So for now, … (0 comments)
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Franklin TN Short Sale. Custom Home For Sale - 08/20/11 10:25 PM
Franklin TN Custom Short Sale Home For Sale … (0 comments)
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Historic Downtown Franklin TN Home For Sale. Walk to Historice Main St. - 08/20/11 09:59 PM
Historic Downtown Franklin 3rd Ave S Williamson County … (1 comments)
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Thompsons Station TN 37179 Home For Sale 129 Acres Land and Peace - 08/20/11 09:38 PM
Thompsons Station TN Rare Find! Privacy, Land, 1819 Barker Rd Acerage … (1 comments)
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Brentwood Tennessee 37027 Historic Home Great Williamson County Location - 08/20/11 09:34 PM
Brentwood TN Historic Homestead … (2 comments)
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National Economic Outlook (August 2011) - 08/19/11 03:04 PM
Jobs, jobs, jobs! That’s what we’ll hear from now on through the 2012 election, and rightly so. Although they claim otherwise, Wall Street and the Big Banks are not the essential, indispensable, must-be-bailed-out part of the national economy: it’s people with jobs. Those people account for 70 percent of the economy (the government is 20 percent).
As we’ve already seen, those people aren’t spending very much money these days, needing no more time-share condos, full-size SUVs, leather furniture, and flat-screen TVs. Which means there are fewer jobs for the people who were making those things a few years ago.
The national economy grew at a modest … (0 comments)
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Mortgage servicers bypass foreclosure delays with more short sales - 08/19/11 08:08 AM
Mortgage servicers contending with attorney general investigations and extended foreclosure delays turned more to short sales in the past year.
In August 2009, short sales accounted for 8% of all liquidations of distressed properties. That number grew to 25% by the middle of 2011, according to research from Moody's Investors Service.
Meanwhile, the time it took from a borrower default to eventual REO liquidation grew from an average 14 months in early 2009 to 24 months by the summer of 2011.
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Freddie Mac's HomeSteps Offers Condo Buyers Cash Incentive - 08/19/11 07:50 AM
Freddie Mac’s REO disposition unit HomeSteps rolled out a new program this week aimed at trimming its inventory of foreclosed condominiums.
HomeSteps’ “Condo Cash” is a special limited time offer that will provide eligible condominium buyers with up to $1,500 for standard condominium association dues.
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S&P: Shadow inventory levels begin to improve - 08/18/11 10:19 AM
The amount of time it would take for the housing market to move through properties lingering in the foreclosure system is finally improving.
Standard & Poor's analysts estimate it would take 47 months for the housing market to work through the shadow inventory, according to their second quarter research note. They revised that down from 52 months in the first quarter, the first decline since the middle of 2009.
At the end of last year, S&P said the market would need 44 months to move through the inventory and at the end of September 2010, analysts estimated it at 40 … (1 comments)
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Nashville TN: Homeowners with Unfavorable Loan Terms Grow Frustrated with Inability to Refinance - 08/18/11 09:20 AM
Overall satisfaction with primary mortgage servicers has declined notably from 2010, as frustration continues to mount among homeowners who originated their mortgages during the peak of the housing boom, according to the J.D. Power and Associates 2011 U.S. Primary Mortgage Servicer Satisfaction Study(SM) released recently. In addition, brand perceptions of mortgage servicing companies have deteriorated as a result of negative media coverage of reported abuses committed against homeowners by mortgage servicers. READ MORE
Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at nashvilleshortsalepros@gmail.com. … (0 comments)
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USDA Has $11.2 Billion to Guarantee No-Down Mortgages - 08/18/11 09:04 AM
The U.S. Department of Agriculture has only two months to spend $11.2 billion on its no-down payment rural development loan program, a record amount at this juncture in the federal fiscal year for the program that provides no-down payment mortgagesto borrowers in rural and suburban markets.
Usually by August, the program—which has become extraordinarily popular since the demise of private no-down financing—runs out of money and applications are put on hold until more money becomes available with the beginning of a new federal fiscal year on October 1.
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Reggie Woodgett and The Woodgett Group specialize in loan modifications … (1 comments)
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Ann Patchett's Green Hills bookstore to open in October - 08/18/11 08:58 AM
Book lovers still mourning the loss of Davis-Kidd Booksellers will have a new independent bookstore in the same neighborhood as the closed bookstore.
Bestselling author Ann Patchett and business partner Karen Hayes will open Parnassus Books in Greenbriar Village behind the Donut Den on Hillsboro Pike in October.
'Nashville wants this' Brookside Properties will develop the 2,500-square-feet bookstore, located in the former suite of Tan 2000 and Beyond. The company also is developing retail space near the new bookstore that will include a vitamin shop, toy store and several restaurants.
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Most Dangerous Cities For Pedestrians Nashville Included - 08/18/11 08:53 AM
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Nashville Short Sale Myth: If I Sell For More, Then I Won’t Have A Deficiency - 08/18/11 08:42 AM
Nashville TN – Some sellers think that if they sell their house for more money, then they are less likely to have a deficiency. Let me explain why that is not true. Get my Free, Step By Step Loan Modification Guide by clicking here. Another realtor recently told us about a short sale they were involved in. This realtor was representing the buyers purchasing the house. The short sale negotiation company the sellers were using told the sellers that unless the house sold for $295,000, then the sellers would have a short sale deficiency. Because of this, the sellers wouldn’t accept … (0 comments)
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Fixing Credit After A Nashville Short Sale Step 3: Rank Items In Order Of Importance - 08/18/11 08:31 AM
Nashville TN – The next step in going over your credit reports is to really rank the items being reported about you to find ones that are the most negative. Rank the negative items with the MOST negative ones given the lowest ranking. Get my Free, Step By Step Loan Modification Guide by clicking here. You want to rank the ones that will cause the most damage to your credit score. Here are the most damaging items (in order of damage amount): bankruptcy; foreclosure; repossession; loan default; court judgment; accounts in collections; payments that are past due; payments that are late; … (0 comments)
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Nashville rentals rally - 08/17/11 02:33 PM
For a window into the Nashville-area apartment comeback, examine the 1700 Midtown apartment complex.
The four-story, 170-unit building near Music Row was sold earlier this month for $27.4 million to Bell Partners, a Greensboro, N.C., firm.
The one- and two-bedroom units, with rents ranging from $1,150 to $2,200 a month, were sold by Franklin-based Bristol Development Group, which developed the Velocity and Icon condos in the Gulch and, more recently, the Bristol at Centerview rental condo project in Brentwood.
The Midtown location is 94 percent occupied.
“It was the newest product in the best submarket in Nashville,” said Kirby Davis, … (0 comments)
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Fixing Credit After A Nashville Short Sale Step 2: Analyzing Your Credit Report - 08/17/11 01:10 PM
Nashville TN – Once you have gotten your credit report, the next step in the process of restoring your credit score is to go over it with a critical eye. Analyze what the report says. Get my Free, Step By Step Loan Modification Guide by clicking here. Put aside any emotion that looking at the report might stir up – you need to look at it objectively. First, make two copies of your credit report. Save the original without any marks on it. You can make any notes you need on one of the copies, and put the other copy aside … (0 comments)
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Nashville TN Area Homes For Sale, Nashville Real Estate, Brentwood | Franklin | Spring Hill - 08/17/11 08:37 AM
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572 White Oak Trail Spring Hill TN 37174 - 08/16/11 11:06 PM
One Level Living In Spring Hill Great Buy! … (1 comments)
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HUD Home For Sale $100 Down Payment w/FHA Financing - 08/13/11 07:25 PM
HUD Home For Sale $100 Down … (2 comments)
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Investors Outdo Banks Offloading Distressed Properties: Report - 08/12/11 11:14 AM
Third-party investors are much faster at reselling foreclosures than banks, according to ForeclosureRadar, a California-based tracking firm. ForeclosureRadar keeps close tabs on foreclosure activity in states along the country’s western seaboard, and the company says one market dynamic that it’s found to be consistent throughout the area is that investors are moving foreclosed homes at a more rapid pace than lenders who take possession of REOs.
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The First Step To Fixing Your Credit After A Nashville Short Sale - 08/12/11 11:07 AM
Nashville TN – One of the common reasons that people are concerned about a foreclosure or short sale in their history is because they are concerned about their credit score.
Get my Free, Step By Step Loan Modification Guide by clicking here.
While it’s true that your credit score will be adversely affected by these items, it is also true that you can move past blemishes on a credit report.
You may want to consider doing some credit repair or credit restoration. It isn’t hard to do, and when taken step by step, it can be handled in an organized, … (0 comments)
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Mortgage rates plummet to new lows on market concerns - 08/12/11 09:43 AM
Mortgage interest rates plummeted to new lows this week as the economy felt the stings of European debt concerns and investors rushed to U.S. Treasurys, a scenario that pushed long-term yields lower.
The 30-year, fixed-rate mortgage fell to 4.32%, its lowest point this year. That's down from 4.39% last week and 4.44% a year earlier, Freddie Mac said in its primary mortgage market survey.
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Nashville TN Monthly Home Sales Report - 08/10/11 12:19 AM
2011 Monthly Home Sales Chart Pendings: 1,997 Days On Market: 92
Reggie Woodgett REMAX Elite Nashville Real Estate and Homes For Sale. Nashville TN Homes For Sale. Nashville HUD Homes For Sale. Nashville TN Foreclosures. Nashville TN Pre-Foreclosures. Brentwood TN Homes For Sale. Franklin TN Homes For Sale. Spring Hill TN Homes For Sale. Thompsons Station TN Homes For Sale.
View my homes for sale at Nashville TN Homes For Sale
Reggie Woodgett REMAX Elite 109 Westpark Dr Ste 100 Brentwood TN 37027 615-850-4173
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Why A Nashville Short Sale Saves Your Lender Money - 08/01/11 02:13 PM
Nashville TN – We throw around the statistic that a short sale reduces a lender's losses by 20% compared to a foreclosure.
However, I am sure that there are many people who find that hard to believe. So today I am going to give you a breakdown of exactly why it happens.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
I will use an real life example. A short sale was listed for sale for $425,000. After a few months, the sellers received an offer for $385,000.
They submitted the short sale package to … (0 comments)
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