Archive for April, 2010
Are You A Knoxville Home Owner With Mortgage Troubles??
April 30th, 2010 categories: Buyers, Foreclosures, Knoxville Short Sales, Market Trends, Mortgage Guidelines, Sellers
So what do I do sell my Knoxville home on a short sale, loan modification….which is best
So your a Knoxville home owner..You are having a tough time making the mortgage payments on your Knoxville home.. You are not alone… So what do you do?? You have heard about all the solutions out there for you, researched them on the internet. Should I sell my Knoxville home using a short sale because I owe more on it than it is worth? How about a loan modification how does that work.. Will my lender even work with me if I choose to sell my using a short sale? How about a deed-in-lieu instead of my home being foreclosed on by my lender..How does that work?? What if I have 2 mortgages on my home??
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Great Powell Ranch Style Condo
April 30th, 2010 categories: Buyers
Welcome to 5104 Cates Bend Way. This is an outstanding condo that has all the extra features you would want in a maintenance free lifestyle. Please take a second to few the tours on the home then contact me at 865-675-8326 or email to take a look at it. Detailed information
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Knoxville Home Buyers Dont….
April 30th, 2010 categories: Homebuyer Tax Credit
Close on May 28th 2010
The federal home buyer tax credit expires April 30 and the deadline is sparking a home sale surge. It figures to burden real estate, mortgage and title offices nationwide over the next 60 days so plan your closing date accordingly.
Especially because the last Friday in May is the Friday before Memorial Day.
Now, if the connection between the tax credit and Memorial Day is not immediately clear, think of your own office on a 3-day weekend’s Friday. Some of your colleagues take a half-day at work, others take the entire day off.
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Knoxville Sales Are Up…
April 30th, 2010 categories: Case-Shiller Index, Home Price Index, Home Values, Market Trends, Pending Home Sales, Sellers
PRICES ARE STILL FLAT…WHY??
The Sales in the Knoxville Real Estate market have been up over the last few months. Mostly because of low interest rates and the tax credits that end today. But the prices remain flat and it is really just excess inventory that is coming off the market.It is going to take a major drop in the Knoxville real estate inventory before we see and increase in prices. Earlier this week, Standard & Poors released its February Case-Shiller Index, a home price tracker for select metropolitan areas.
Overwhelmingly, home values fell in the 20 markets tracked by the Case-Shiller. Only San Diego showed a modest increase. The other 19 markets averaged a 1.23 percent decline between January and February.
However, that’s not the story you read in the most papers. Instead, headlines read that home values were up in the United States, citing annualized data.
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Park Place In Farragut Located West Knoxville
April 30th, 2010 categories: Buyers, Sellers, West Knoxville Neighborhoods
Park Place is a Traditional Neighborhood Development located just behind the Town Hall in Farragut, TN. The homes are designed after Charleston Style Homes with private courtyards with each home. I did video tour of the neighborhood the other day so you could get a feel for the neighborhood and the style of homes. The homes are being build by Gerald Cress who is an outstanding custom builder in West Knoxville. Gerald really pays attention to detail and really builds a high quality home. Pam Zachary with RE/MAX Preferred Properties represents Gerald and Park Place of Farragut. Pam can be reached at 865-385-1305 or email Also feel free to call me at 865-675-8326 or email [email protected] Park Place will be open this weekend during Farragut Memorial Plaza Dedication Weekend Feel Free To Stop By and check out the homes for sale and the neighborhood
Homes Currently For Sale In Park Place
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Admiral David Farragut Has Arrived And Ready For The Big Weekend
April 29th, 2010 categories: Buyers
This is the big weekend for the Farragut Memorial Plaza Dedication in honor of Admiral David Farragut. I took a short video of the new park this morning. For all the details click here
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HAFA.. Will It Help Knoxville Home Owners Facing Foreclosure??
April 28th, 2010 categories: HARP, Knoxville Short Sales, Market Trends, Mortgage Guidelines, Sellers
If You Are A Knoxville Homeowner Facing Foreclosure…HAFA May Help You.
HAFA was introduced to simplify and streamline the short sale process. HAFA accomplishes this in the following ways:
- Compliments HAMP by providing viable alternatives for borrowers who are HAMP-eligible
- Uses standard processes, documents and timeframes
- Provides financial incentives to borrowers, servicers and investors
- Requires that borrowers be fully released from future liability for the debt
- Utilizes borrower financial and hardship information collected in conjunction with HAMP, eliminating the need for additional eligibility analysis
- Allows the borrower to receive pre-approved short sale terms prior to the property listing
- Prohibits the servicer from requiring, as a condition of approving the short sale, a reduction in the real estate commission agreed upon in the listing agreement1
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What in The Heck Is HAFA
April 28th, 2010 categories: Knoxville Short Sales, Market Trends, Mortgage Guidelines, Sellers
What is HAFA?
The Home Affordable Foreclosure Alternatives
(HAFA) Program is a government-sponsored initiative overseen by the US Treasury Department and administered by Fannie Mae assisting all Home Affordable Modification Program (HAMP)-eligible homeowners in avoiding foreclosure, specifically through Knoxville short sales or Knoxville deeds-in-lieu of foreclosure.1 HAFA was announced on November 30, 2009 in a HAMP Update titled Introducing the Home Affordable Foreclosure Alternatives Program
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Summer is Here Knoxville..Get The Grill Ready!!
April 28th, 2010 categories: Buyers
A well-maintained grill is the key to great tasting food, season after season — chicken, meats, fish or other. And keeping your grill clean is simple.
In this 4-minute from Lowe’s, you’ll learn basic, pre-grilling cleaning tricks, plus how to breakdown your gas grill completely and clean its parts.
Some of the pointers from the video:
- Clean your grill before every use using the grill’s own heat and a wire brush
- Don’t try to clean rusted and/or broken grill grates — replace them
- After long periods of non-use, check your burners for insects and pests
The video is geared at beginners and includes a step-by-step tutorial. Even the most seasoned griller could probably pick up a tip or two.
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New Homes Sales Were Strong in March, But Not As Strong As The News Would Have You Believe
April 28th, 2010 categories: New Home Sales
The sales of newly-built homes soared in March. Even more than what was expected. But the news may not be as glowing as what the media is telling us.
Take a look at the headlines from last Friday:
- Sales of new homes rocketed up 27 percent in March (WaPo)
- New-home sales rise fastest in 47 years (CNNMoney)
- Sales of New Homes Climb by Most Since 1963 (Business Week)
None of these statements is false, per se, but each is somewhat misleading. The biggest reason why March’s New Home Sales was even able to rise 27 percent is because data from the month before it — February — was the worst in New Home Sales history.
In February, new homes sold posted its lowest level in recorded history.
A better comparison would be against March a year earlier; or October 2009, the month before the home buyer tax credit’s initial expiration date.
Against both of those time periods, March 2010 fared well.
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