Shepherdsville, KY

In my previous post about Four Roses Bourbon in Cox's Creek KY - Largest Barrel in the World? I described the 2-story bourbon barrel that I came across on my way to a short sale listing in Shepherdsville KY

The friendly guard couldn't wait to show me the motorcycle made of Four Roses Bourbon barrels, shown here in the photo.

He also told me about tours of the warehouse facilities located in Cox’s Creek, Kentucky, which is approximately a one hour drive from the actual Distillery.

Call 502-543-2264 for more information. Warehouse tours are free of charge and by appointment only.

I was on my way to a short sale listing in Shepherdsville KY when I zipped by a 2 story high barrel glistening in the sun. I knew I needed a picture of this phenomenon, so I pulled in to what turned out to be the parking lot of Four Roses Bourbon warehouse facilities located in Cox’s Creek, Kentucky.

The tour center was closed, but the friendly guard came out to greet me.

He told me about tours of the warehouse facilities located in Cox’s Creek, Kentucky, which is approximately a one hour drive from the actual Distillery.

Call 502-543-2264 for more information. Warehouse tours are free of charge and by appointment only.

Open Sunday 2:00-4:00 PM

169 Sunrise Court

This large ranch home located in Sheperdsville offers plenty of living space. It has a nice eat-in kitchen w/ island, a cozy sunroom, 3 sheds (one of which is a 2 story shed w/ electric), 2-car detached garage, above-ground pool w/ deck, and plenty of appealing updates, such as replacement windows. Appliances (including washer and dryer) are to remain. Call Devin Veith (502)744-8368 for more info.

Homeowners are hurting. Housing values collapsed. Jobs are evaporating. Bill collectors are calling and suing.

Sellers Try To Help - Banks Demand Deficiency

Homeowners are pursuing short sales which help the bank reduce their losses. In return some banks demand the sellers stay obligated on large deficiencies.

Homeowners Didn't Cause This Crisis and Have Few Options

But, homeowners are pushing back. Just this week a short sale client literally said “if the lender wants the deficiency they can take a number and stand in line.” He also said he’s “that close” to bankruptcy and if the lender pushes him he’ll bankrupt them away. I hear this often and have had clients file bankruptcy rather than live with the overwhelming threat of a massive deficiency judgment.

Most of the time we get the deficiency waived through diligent negotiation. In one case, as soon as the seller notified the lender that they already contacted a bankruptcy attorney the lender backed off a $20,000 deficiency demand, right on the phone, right on the spot. However, when the banks fall back on their "deficiency collection policy" they usually lose more.

Short Sales Save are Beneficial to the Lenders

Many reports have shown that banks lose much more in a foreclosure and bankruptcy than in a short sale.

Homeowners are trying to do the noble thing by cooperating with the lenders. Reciprocity from the lenders would benefit both sides.

***** Important: Sellers Should Consult An Attorney *****

Sellers contemplating bankruptcy should always seek the advice of an attorney and a tax advisor. Realtors cannot give legal or tax advice.