Crestwood, KY

$269,900 | Magnolia Place | Crestwood, KY 40014 Presented by: Tom and Tommy Johns Woodstone Realty, Inc. (502) 419-3186 5603 Coral Berry Place Click here to visit www.woodstonerealty.com for more photos. Property Highlights Bedrooms: 4 - Full bathrooms: 2 - Half bathrooms: 1 - Square footage: 2780 *MOL - Built in: 2002 Property Description This two story home w/ open floor plan has 4 bedrooms, 2 full, and 1 half baths, w/ 2170 sq.ft of living space, plus and additional 610 finished in the basement. Hardwood floors throughout 1st floor plus Owner's Suite. Large eat-in kitchen, 9' ceilings on 1st flr and crown molding. Gas fireplace w/ marble surround in Great Rm, tray ceiling in formal dining rm. Raised tray ceiling in Owner's suite, 6' double vanity, 6' garden tub, and walk-in closet. Lots of recessed lighting throughout. Andersen, clad, tilt, windows. The exterior features a 32' x 6' front porch w/ railing. The rear features an extended deck with an above ground pool and large, fenced yard. Property Details Style: Traditional, Colonial - Exterior: Vinyl - Roof: Gable, Shingles - Basement: Basement, Partially Finished - Garage: 2 Car Attached Garage, Garage Door Opener(s) - - Heating: Forced Air, Gas Heat - Cooling: Central Air Conditioning Appliances: Dishwasher, Fireplace-Gas, Microwave, Oven/Range Electric - Lot: Cul-De-Sac, Fence Full Rear, Pool, Curbs - Zoning: Cul-De-Sac, Fence Full Rear, Pool, Curbs - School District: Oldham County Schools - Elementary School: Oldham County Schools - Junior High/Middle School: Oldham County Schools - High School: Oldham County Schools Contact Tom and Tommy Johns Presented by: Tom and Tommy Johns Woodstone Realty, Inc. (502) 419-3186 www.woodstonerealty.com We are pledged to the letter and spirit of U.S. policy for the achievement of equal opportunity housing opportunity throughout the nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin. Equal Housing Opportunity Slogan: "Equal Housing Opportunity."

Bank of America, GMAC and Chase have recently announced a freeze on foreclosures. Soon thereafter they announced they lifted the freeze and will continue the foreclosures.

There is much confusion in the market.

One thing is sure, however, if the borrower is behind on payments, the lender eventually has the right to foreclose.

The reality is that a foreclosure freeze is not the answer to your problem. However, there are steps you can take to avoid foreclosure.

Please click here for a free report on the Five Steps to Avoid Foreclosure

Oldham County includes but is not limited to: Ballardsville, Belknap Beach, Brownsboro, Buckner, Cedar Point, Centerfield, Crestwood, Demplytown, Floydsburg, Anchorage, Fraziertown, Glenarm, Goshen, Greenhaven, Harmony Lake Estates, Harmony Village, La Grange, LaGrange, Liro, Oldham, Oldham Acres, Orchard Grass Hills, Park Lake, Pewee Valley, Prospect, River Bluff, Rollington, Skylight, Westport

This is one of the first questions I ask a potential short sale client.

I will not lead a homeowner down a short sale path if there is a possibility they can keep their home AND they actually want to stay in the home.

If the sellers are committed to keeping their home, I strongly encourage them to pursue all avenues to get a loan modification.

Most sellers reply that they’re done with the house and with the struggle. The bank would have to dramatically slash their payments, and even then it would many years for the house value to catch up with what what’s owed.

The many reasons I have heard:

1. They are tired of dealing with the banks.

• Exploding ARM’s
• Loan modifications that raise the payments
• Banks refusing payments
• Banks demanding large lump sums to initiate the loan modification agreement

2. Divorce – the house is not part of the life plan anymore and house values have plummeted tens of thousands or hundreds of thousands of dollars.

3. Job loss or job reduction – the money isn’t there any more.

4. Illness or injury – the owner is in survival mode. The house and the high house payment are not part of the survival plan. Priority is given to staying alive, taking care of a sick child, paying medical bills.

5. Relocation – for job, education, medical reasons, for personal or family safety.

6. Military training or deployment – when you have to go, you have to go. We owe a debt of gratitude to all our military who are sacrificing and taking personal risks for our nation’s freedom.

7. The house is a maintenance money pit – even if the bank would modify the loan, the house would continue to bleed money. The owner has no cash reserves.

8. A variety of other overwhelming life events

Homeowners are tired of living on the edge

Even with a loan modification, homeowners are worried that they’ll be living on the edge for 5 to 10 years until they can sell the house to pay off the mortgage. In the meantime, if the kids need braces, the furnace goes out or the car needs repair, they’ll default on their modified loan all over again.

Values have plummeted, at no fault of hard working Americans. Borrowers are exhausted and need relief. If a loan modification is not the solution, a short sale often provides that relief.

Briar Hill is a great neighborhood in the southern portion of Oldham County (Area 21) that's been nice for 20 years and is now taking off! About 24 years ago they started building custom homes on larger lots without moving too far east of the Jefferson County line. Today they're building even nicer, custom homes, similar to those you might find in Hillcrest on Oldham's north side. Because of it's location in Crestwood and growing size, Briar Hill is a popular place for a homebuyer seeking the top-rate Oldham Co. schools without moving too far from Louisville. If you like GlenOaks, you should also consider Briar Hill! Read More »

Tonight is the premiere of Willie Wonka Jr put on by the Louisville Youth Theatre. The cast is made up of students ages 7-18 years old. They have assembled a very talented group and have worked hard to put this performance together. I am excited to see it. My oldest is going to be an Oompa Loompa and also a squirrel. We are very proud of him. The shows are as follows: Nov 7th at 7pm Nov 8th at 2pm Nov 8th at 7pm Nov 9th at 2pm The shows are at Oldham County Schools Arts Center 7105 Floydsburg Road Crestwood, KY 40014 Tickets are $8 and available at the door.