Posts in Foreclosure
HUD Acquired Homes activity in Nashville and Beyond for February 7 2012
MLS #1337057 Residential Photos Map $45,0003 Bedrooms1 Full Bathroom0.16 Acres 5515 Rome Ave, Nashville, TN 37209Listed by EGAP Real Estate, LLC Contact us today! MLS #1336542 Residential Photos Virtual Tour Map $75,0003 Bedrooms1 Full Bathroom1 Acre
207 Camellia Ct Franklin TN 37064 in Sullivan Farms Subdivision Foreclosed Home For Sale
This foreclosed Fannie Mae HomePath Home has special incentive financing available with as little as 3% down payment.
Priced currently at $300,900 for this 4 bedroom 2.5 bath home in Sullivan Farms Subdivision of Franklin, TN.
Built in 2000
Brick and Vinyl
4 Bedrooms
2.5 baths
Winstead Elementary
Fred J Page Middle
Centennial High
If you are searching to find a foreclosed home in the Williamson County area, The Grumbles Team can assist you in your search.
Nashville Real Estate Market Update October 2011
The table above is a proprietary Grumbles Team analysis of the Davidson County Real Estate Market. It may not be copied in any way, however we encourage you to contact us with questions. The table is a summary of the market in Nashville and surrounding cities for the past 6 months.
In Nashville alone 360 houses per month have closed on average for the past 6 months, with an average sales price of $239,844 and an average market time of 88 days.
Interested in investing in real estate in Nashville to flip or hold? We have the list of Davidson County (Nashville) Foreclosures by clicking here!
The average price of a home for sale in Nashville is $344,709. To see a list of homes that would be considered
HUD Properties Myths about them and how to buy a HUD home
I want to dispel a few myths about HUD properties. Lets begin with the definition of a HUD property. It is simply a property where the original mortgagee had a loan that was insured by the federal government that later the mortgage was in default on through foreclosure was reclaimed. HUD is a branch of the federal government, U.S. Department of Housing and Urban Development. HUD is not in the business of real estate so it is there goal to find suitable new owners to these properties.
Myth: That HUD-acquired homes are in poor repair or bad areas. That is a myth, because the definition above of a HUD home said nothing about the location or the condition of the home, only the backing of the mortgage. How does this help you as a buyer? You can become the new owner with as little as $100 down payment. HUD has a promotion where they will allow you to offer less than list price, ask for closing costs to be paid on your behalf (up to 3%) and still only put down $100 towards the down payment. Combine that with interest rates below 4% and it is a crazy time not to buy a home. Myth #2: HUD properties are in bad repair. THis is not always t
