Tim and Pam Cash - Clarksville TN Real Estate Professionals

Are Foreclosed Properties being lost in the shuffle? It appears to be happening here in the Clarksville TN Foreclosure Market so I have a strong feeling that it is happening elsewhere around the country.

I reported a while back about a lovely foreclosed property in Clarksville TN that our clients had made an offer on and received a 'verbal' acceptance from Freddie Mac only to have the offer rejected two days later. The Freddie Mac Sales Manager emailed and said that the property was being sold back to the primary lender because the lender could not afford to take a loss (20K projected loss based upon sales price, closing and commission projections). Being the military minded person that I am, this upset me just a bit - possibly because I felt we had failed our clients, but mainly because of the way the whole transaction went about - very odd indeed.

Since the Freddie Mac Sales manager had emailed us direct and the listing agent had stated the listing was no longer hers, I emailed Freddie Mac again after a week to see if I could get contact information to the primary lender to try to save the deal and get our clients in the home that they truely loved. His comment back was "I do not have time to answer questions about every property I manage. Please do not email me again" Obviously this is no way to conduct yourself when you are in the business of helping people, but I decided to let it lie.

Weeks passed and I checked the tax records daily to see if the home had switched hands which it never did. About the same time the news broke that Taylor Bean & Whitaker Mortgage had fallen on hard times and had been placed on suspension (this was the primary lender)

The home in question went into Foreclosure (or into Freddie Mac's control) on 13 February 2009 and has been sitting ever since. It was listed until May and has been in limbo ever since. No power, no occupants - basically a statistic that is slowly deteriorating. Looking at properties held by Freddie Mac in the Montgomery County Tennessee area, there are two others (six total) that are in the same situation. I have to check HUD and Fannie Mae to see if I can get similar reports and will let you know.

Tonight, I emailed Freddie Mac Corporate Relations as I could not get a straight answer on the phone and no email response through other avenues to see if they were even aware this home was out there lost in the shuffle. I hope to hear back from them soon. Our clients are still in search of another home that meets their needs - hopefully I can get them into this property, but at the very least I hope that the home gets listed and occupied before is simply implodes. Homes are not meant to be empty as many builders and Realtors will tell you.

If we are to fix the foreclosure issue in America, there has got to be a concerted effort by the Freddie and Fannie to get the properties moved. Concerning themselves with a $20 - 25k loss on a single property after the citizens of the United States doled out billions for this very situation is not the answer. We must be a part of the solution rather than part of the problem.

Are you one of the many who are considering building a home in Clarksville TN? Maybe you are new to the Clarksville TN area. Possibly you own a home and have considered taking advantage of the historic low interest rates and looking to upgrade from your current home which has not grown as fast as your Family. Or, you are on the other end of the spectrum and find you have more home than what you need and are looking to downsize.

Whatever the case may be, building a home in Clarksville TN can be a wonderful experience or a stressful experience depending on the path that you choose. Many prospective buyers believe they can deal directly with the builder to get a better price on a new home. This might be the case if you are building on your land in an established neighborhood or out in the country, but highly unlikely if you are looking to build in a new development.

Okay, you are wondering why I would say such a thing correct? Or perhaps, you are thinking 'He is just saying that to get me to contract him as my Clarksville Realtor' Obviously I would be lying if I said I did not want you to have one of the best Clarksville TN Real Estate experiences (self-promotional plug), but that is not the sole reason. Here are some points for you to consider:

• Most Clarksville TN Builders have developed a relationship with a Realtor or Brokerage in town who they entrust to market their homes, thus will be hesitant to break that trust.
• If building in a unfinished development, the builder has to look at the long term gain, as opposed to the short term. What I mean by this is that the selling price will impact the future price of homes that they build in the development.
• When building a home, you want a dedicated Realtor to take care of ensuring you and your Family's interests are represented.

Simply put, you are paying for the services of a Realtor whether you choose to realize it or not - especially in a new development. So make sure you are getting the most for your money.

Here is a list of Clarksville TN Home Builders. Many are realizing the power of the internet and have started blogs and customer/Realtor message services that assist in making the building process a much less stressful process. Some, such as Grant Construction Inc. have even joined the Social Networking phenomina. All listed are builders that Pam and I would recommend due to their quality craftsmanship, service after the sale and customer service:

• Grant Construction
• Chris Warren Construction
• Crabbe Construction
• David Reese Construction
• Prestige Group
• Blackwell Construction

There are many other quality Clarksville TN Home Buildersbut sadly when you do a google search for Clarksville TN Home Builders only a couple come up in the search. Not to worry though, The Cash Team can set up interviews with builders in Clarksville to assist you every step of the way.

Contact us today. We are ready to help you realize your dreams.

Well, a form of prospecting, albeit not the same as Clarksville TN Realtors do day in and day out. These little guys are about at the end of their life, yet they work non-stop from birth till the day they persish ensuring that we have beautiful flower which to admire.