About Nashville's Brentwood

Nashville TN – The Stop Foreclosure Institute recently received a question from Dan. Here was Dan’s Question. "I recently purchased another home and tried to sell my former home. It isn’t selling and I can’t afford to make both payments. The home won’t rent for even 1/2 of the mortgage payment. An agent told me the house is worth about $50K under the mortgage amount. Is it realistic for me to try the short sale? The only hardship created was when I decided to move to a larger home for family. Dan." Get my Free, Step By Step Loan Modification Guide by clicking here. Here was our answer to Dan’s Question. Dan, I think you can short sale your house. Do you have a legitimate hardship? I know you said you needed a larger house. However, if you also moved for a job transfer, then most lenders would consider that a legitimate hardship. A hardship is not black and white. Some lenders would consider your situation a hardship. More often than not they will approve the short sale. Others would not and won’t work with you on a short sale. In addition, the lender may not work with you until you have missed a payment or two. Whether or not you miss a payment is your decision. You should weigh your options and decide whether or not you can live with the resulting credit damage. Many lenders will work with you on a short sale even before you have missed a payment. If you were working with us, then we would help you. But, we would have the expectation that it would be a 6-12 month process. Make sure that you work with a competent short sale agent. Look for someone that is a short sale expert. Ask them how many short sales they have sold. Ask them if they have worked with your lender in the past. Then you will be able to judge whether they are qualified to help you.

Thinking about a loan modification?Our Nashville loan modification kit will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail at nashvilleshortsalepros@gmail.com to request a Free Copy. Or, click here to request a copy.

Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at nashvilleshortsalepros@gmail.com. I will contact you for a free consultation. When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (615) 850-4173 Discover how other sellers successfully completed a short sale and request a free consultation by clicking here. Thanks for reading this, Reggie Woodgett. Reggie is a Real Estate Agent at RE/MAX Elite. Nashville Short Sales Realtor: Phone: (615) 850-4173. nashvilleshortsalepros@gmail.com.

View My homes for sale at Brentwood TN Homes For Sale and Real Estate

Reggie Woodgett and The Woodgett Group specialize in loan modifications and short sales in Nashville Tennessee. Nashville Loan Modification Help. Nashville Short Sales. Nashville Short Sale Realtor. Nashville TN Short Sales. Nashville Realtor. Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice Reggie Woodgett, RE/MAX Elite, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why? Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit. However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification. We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale. The views expressed here are Woodgett's personal views and do not reflect the views of RE/MAX Elite. This information on Nashville Short Sales: Is My Hardship Legitimate For A Short Sale? is provided as a courtesy to our viewers to help them make informed decisions.

Are you credit challenged?

Looking for a mortgage in the Nashville area but afraid your credit is too bad to get one?

You probably have many questions: What kinds of loans are available to borrowers with bad credit? Will you be able to afford it? How can you improve your credit score? A qualified loan officer can help provide you with the necessary information about your situation because you still may be eligible for a home loan if your credit is less than perfect. Call your loan officer.

What can you do to improve your credit score?

Some Mortgage loan officers will work with you and your credit and use a what if simulator. It presents a dollar figure say $2500.00 and will run the scenario to tell you what you can do with the money to improve your credit. Then they will do what is known as a rapid re-score once you have the documentation verifying you have done what was suggested. It is possible to bring your credit score up and then put yourself in a qualifying position for a home loan. Here is a loan officer who can work with you.

Make sure that the information each of the three credit reporting bureaus has on you is consistent and up to date. Order a copy of your credit report about once a year, and dispute any inaccuracies.

Note: Theoretically, if a series of credit reports is requested on your behalf during a limited amount of time, your score goes down until time passes without any inquiries. Changes in the law though have made "consumer-originating" credit report requests not count so much. Also, a series of requests in relation to getting a mortgage or car loan is not treated the same as a number of credit card requests in a limited time. This is because the credit bureaus, and lenders, realize that people request their own credit reports to keep up with what's on them, and smart consumers shop around for the best mortgage and car loans.

Unsolicited credit card solicitations in the mail don't count against your credit report, so don't worry.

The two main components of your credit score are your payment history and the amounts you owe. Bankruptcy filings and foreclosures, which can stay on your credit report for as many as 10 years, can significantly lower your score. It's never a good idea to take on more credit than you can handle.

• Late payments work against you. It's extremely important to pay bills on time, even if it's only the monthly payment.
• Don't "max out" your credit lines. Since the size of the balance on your open accounts is a factor, lower balances are better.

Call Lee Barroll at his Nashville office: 615-243-1301 or email lee.barroll@fcmhomeloans.com for more information. Lee is based in Nashville, TN but can serve then entire state of Tennessee.

Nashville and Brentwood Home Owners and Residents; if you have had the chance to walk the Warner Parks you may want to read this and do what you can to help the efforts to integrate this land into the Warner Parks.  If you haven't visited them, do, and see what you have been missing. 

Read below:

Nashville real estate sales were down in January compared to 2007. No surprise here, we've been hearing the bad news for months now. What you don't hear is that the prices were up 4 percent this year compared to last year. So for all of the shoppers out there looking for a Blue Light special, I'm sorry, it's probably not going to happen. Even though sales are down 28 percent in volume, sellers in general are not in a panic. The average days on market is 78 which is still very good historically.

The 1,644 home closings in January represents a decrease of 28 percent from the 2,289 closings reported for the same period last year.

The median residential price during January was $179,900 That compares with last year of $172,900.
Inventory levels were up 27 percent to 21,952.

This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Keller Williams Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Spring Hill, Williamson county, and the middle Tennessee area.