Even Bankers & Bureaucrats Have a Heart (Okay, Not Really)

Under a directive from Fannie Mae (and possibly Freddie Mac), no evictions or trustee's sales were to occur during the period from just before Christmas to after New Year's.  In fact, according to the Sevier County tax records, the last Fannie Mae acquisition of 2009 was completed on 12/17/2009.  Although the mortgage bankers were possibly showing a little humanity I suspect that what they more likely were doing was avoiding the potential bad press of evicting a family on Christmas Eve.  Accordingly, we have not seen many new foreclosure assignments during the last couple of weeks and the time my staff now has on their hands will be used to prepare for what is probably forthcoming.  With a backload of loan foreclosures that are likely headed our way, we can be sure that next week will be hectic.  While we wait for the next wave, I thought it would be good to give you a preview of some of the most attractive Smoky Mountain properties that are headed to market.  These are preliminary photos and don't yet show the property in its best light (pre trashout in most cases) but the will give you an idea of some of what is coming soon to market.

1063 Towering Oaks - Phenomenal views!!
2057 Settlers Ridge - Excellent views from this log home!
2036 Ridge Rd. - Less than a mile from Dollywood
Plaza Drive Unit 1705 - Penthouse level condo in the heart of Pigeon Forge
212 Dollywood Lane #243 - Pigeon Forge's finest condo address
2115 Cub Circle - Rare residential property on a large wooded lot

For the inside track on these and other foreclosures please contact us.


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