The Bellevue Center Mall has been sold to a California firm, Foursquare Properties, for $28 million dollars. Foursquare plans to transform the mall into an open-air lifestyle center with major retail anchors. There are plans are six restaurants and office and retail space to be developed. Macy's department store will remain at the site.
Nissan North America in Smyrna, TN will build a midsize Suzuki truck. The truck will be based on the Nissan Frontier truck and production will begin in 2008. There are currently no plans to add workers to the Smyrna plant to facilitate the Suzuki production. This is the first time that a non-Nissan product will be built at a Nissan factory in the U.S. The Smyrna Nissan plant also builds the Altima, Xterra, Pathfinder, and the Maxima.
The Smyrna Housing Authority recently opened new senior housing apartments at Meadowlawn Manor. Meadowlawn Manor was originally opend in 1981 with additions added in 1999 and 2004. With a cost of 1.5 million, this newest set of apartments are 670 square foot, one-bedroom units that will rent for about $300 a month. Residents must be at least 62 years old with a monthly income of less than $1,250. The units feature washer & dryer hookups and a walk-in closet.
Smyrna Tennessee is one of the top 10 places in the county to retire as reported by U.S. News & World Report in the October 2007 issue. The list was compiled using criteria such as access to health care, climate, crime rate, cost of living, and cultural and recreational activities. Located just a 20 minute drive from Nashville, Smyrna is a small town with big city amenities.
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www.RealtyWorldNashville.net Certified Short Sale Specialist serving all of the middle Tennessee communities.
Nashville Real Estate, including Antioch, LaVergne, Smyrna, Murfreesboro, Mount Juliet, Brentwood and Franklin
In today's market, you need a reliable and knowledgeable real estate professional. Rhonda Burgess is a Tennessee real estate broker who services the Nashville real estate market including Antioch, Lavergne, Smyrna, Murfreesboro, Franklin, and Mount Juliet. As a native Nashvillian and with more than 12 years experience in the Nashville real estate market, Rhonda has the knowledge and skills to benefit everyone from first-time buyers to experienced investors.
Visit Rhonda's website where you can search the Nashville MLS. Whether you a first-time buyer, or relocating to middle Tennessee, or just looking for Nashville area information, you can find what you are looking for on her website.
Contact Rhonda for all of your real estate needs.
Nashville Real Estate Communities
Rhonda Burgess is a Certified Short Sale Specialist. Rhonda has had extensive training from the Harris Real Estate University on how to effectively and quickly perform a short sale. Bad things happen to good people everyday, from a job loss to health issues to a divorce. These things do not define who you are. Or maybe because of the current market conditions, you are able to pay your mortgage but your neighborhood has severely depreciated in value and you are now "under water" in your property - owing much more than the property is worth. There are solutions to help you.
If you qualify, a loan modification can adjust change the terms of your mortgage, such as the interest rate and the number of years of the loan. These changes can make your monthly payment much more affordable. Most of the time if you are behind in your payments, a repayment plan can be included with your modification, allowing you to get back on track with a lower payment. With a modification, you have to have the ability to make the new mortgage payment. If you are unemployed or do not the income that you previously had, you may not be eligible for a modification.
With a short sale, you are selling the property for less than what is owed on it. Your mortgage company(s) agree to accept less in order to avoid foreclosure. A typical foreclosure costs the mortgage company anywhere from $30000 to $60000 depending on the circumstances. During the time that the property is in foreclosure and awaiting sale, the mortgage company is having to pay for the lawn maintenance and utilities as well as risking the chance of the property being vandalized while it is vacant. The banks and mortgage companies prefer a short sale because even though they are losing money, a short sale loss is less than the foreclosure costs. With a properly done short sale, the sale can be completed and closed in less time than the foreclosure process.
Short sales have a less devastating effect on your credit. With a foreclosure, credit scores normally drop anywhere from 200-300 points. A short sale shows on your credit report as "paid in full" or "paid in full for less than full amount". Either way, your score is not affected near as much as the damage a foreclosure does. With a successful short sale, you can be eligible to purchase another home in as little as 24 months. With a foreclosure on your credit report, you are looking at a minimum of 3-5 years before you are eligible to purchase another home.
When you are working with a Certified Short Sale Specialist like Rhonda, the process is full explained to you. Rhonda will handle all of the bank/mortgage company negotiations. Rhonda will price your property to sale, effectively market your property, and get the deal to closing in a very timely manner. You will be kept "in the loop" along every step of the way. At the same time that your property is being marketing, Rhonda can help you secure a new rental property or even purchase a new home if you are in the position to do so. Rhonda strives to make the process as painless and stress-free as possible. All of your information is kept confidential and the transaction is handled with the utmost diginty and respect.
For a free confidential consultation to go over all of your options, please give Rhonda a call at (615) 751-6234 or email her at Rhonda@RealtyWorldNashville.com
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