Gatlinburg Real Estate Blog

During only 3 days so far this week, I have run the gamut of challenges. Starting with the foreclosure of a good friend's personal residence in Gatlinburg that I have been assigned to by the foreclosing bank to be the listing agent of. My friend is a fellow real estate agent in the Gatlinburg area and the foreclosure process has been working for some time. On Monday however, I received a call from my favorite Sevier County Sheriff's deputy telling me that he was going to have to evict this very kind person because the court delays were finished. Not a great way to start the week... On Tuesday, I viewed a Gatlinburg condo which Fannie Mae has just completed a foreclosure on. Interestingly enough, the buyers had purchased two adjoining units separately, with different lenders, and then taken out a portion of the fireproof dividing wall combining the two units into one super condo unit, twice the size of anything else in the development. They then proceeded to completely gut the t...

During only 3 days so far this week, I have run the gamut of challenges. Starting with the foreclosure of a good friend's personal residence in Gatlinburg that I have been assigned to by the foreclosing bank to be the listing agent of. My friend is a fellow real estate agent in the Gatlinburg area and the foreclosure process has been working for some time. On Monday however, I received a call from my favorite Sevier County Sheriff's deputy telling me that he was going to have to evict this very kind person because the court delays were finished. Not a great way to start the week... On Tuesday, I viewed a Gatlinburg condo which Fannie Mae has just completed a foreclosure on. Interestingly enough, the buyers had purchased two adjoining units separately, with different lenders, and then taken out a portion of the fireproof dividing wall combining the two units into one super condo unit, twice the size of anything else in the development. They then proceeded to completely gut the t...

I have always avoided working short sales whenever possible but maybe this is something that I should consider doing in our Gatlinburg real estate market.  FYI: Wednesday, January 14, 2009 at 2:50PM From The Wall Street Journal: By NICK TIMIRAOS Fannie Mae is testing a new program to stave off foreclosures by preapproving "short sales" of homes, in which mortgage companies allow homeowners to sell houses for less than the value of existing loans, forgiving the difference. As the number of homeowners in default on their mortgages began to rise several years ago, real-estate agents started touting short sales as a way for troubled borrowers to sell their homes quickly to potential buyers looking for bargains. Real-estate agents reasoned that banks and mortgage companies would go along with short sales, because they tended to lose less money in the transactions than if a home fell into foreclosure. In reality, most short sales unraveled, because lenders, servicing firms and mort...

I have always avoided working short sales whenever possible but maybe this is something that I should consider doing in our Gatlinburg real estate market.  FYI: Wednesday, January 14, 2009 at 2:50PM From The Wall Street Journal: By NICK TIMIRAOS Fannie Mae is testing a new program to stave off foreclosures by preapproving "short sales" of homes, in which mortgage companies allow homeowners to sell houses for less than the value of existing loans, forgiving the difference. As the number of homeowners in default on their mortgages began to rise several years ago, real-estate agents started touting short sales as a way for troubled borrowers to sell their homes quickly to potential buyers looking for bargains. Real-estate agents reasoned that banks and mortgage companies would go along with short sales, because they tended to lose less money in the transactions than if a home fell into foreclosure. In reality, most short sales unraveled, because lenders, servicing ...

Excellent New Foreclosure Listing Priced Today! Just got an excellent price from Fannie Mae on this newer brick residence in Boyd's Creek. For those of you who don't know, Boyd's Creek is a peaceful rural community of rolling farmland and small subdivisions just north of the city limits of Sevierville and about 30 minutes north of Gatlinburg. If you know where the Smoky Mountain Knifeworks is in Sevierville, that is pretty close to this home. To see every property currently available for sale please visit our http://www.gatlinburghomes.com/ website.

Excellent New Foreclosure Listing Priced Today! Just got an excellent price from Fannie Mae on this newer brick residence in Boyd's Creek. For those of you who don't know, Boyd's Creek is a peaceful rural community of rolling farmland and small subdivisions just north of the city limits of Sevierville and about 30 minutes north of Gatlinburg. If you know where the Smoky Mountain Knifeworks is in Sevierville, that is pretty close to this home. To see every property currently available for sale please visit our http://www.gatlinburghomes.com/ website.