Steve Jolly - The REO Expert for Greater Nashville

RealtyTrac® reported for April 2010, which shows that foreclosure filings had a 9 percent decrease from the previous month and a 2 percent decrease from April 2009. One in every 387 U.S. housing units received a foreclosure filing during the month. “There were two important milestones in the April numbers that show ...

Fannie Mae is offering an incentive for buyers purchasing and closing on a Fannie Mae REO between January 28 and April 30, 2010. The incentive’s goals are to encourage buyers to purchase REO properties and increase the sales volumes to help manage the higher levels of inventory anticipated this year. The incentive is a total of 3.5% of the ...

RealtyTrac, the leader in foreclosure information, has released its foreclosure report for June 2009.  Foreclosure filings and REOs are up 31% in one month and are up 7.3% over last year.   In June, Tennessee had 2,782 foreclosure filings and 1,893 REO making it the fifteenth highest state in the Nation.  One out of every 583 ...

Lenders have seized control of another Nashville condo project.The Rolling Mill Hill condominiums were forced into receivership Tuesday by a lawsuit filed by Bank of America on behalf of itself and other lenders. The suit also asks the court to allow foreclosure on the three-building project on Hermitage Avenue.The lenders claims non-payment of a ...

 May 2009 Stats% Change  - 1 Month% Change - 1 YearAverage Sales Price$169,900 +3.1%-10.6%Closings1783 +10.0%-28.9%Inventory24,408 +0.7% -2.0%Foreclosures3,569 +2.9%-23.2%

The pace of prime borrowers going into foreclosure is accelerating, especially in states with mounting unemployment or property values that saw a big run-up during the housing boom.It's a marked shift from earlier this year, when foreclosures were driven by defaults on subprime loans. And it has major implications — ravaging the credit ...

Custom homeowners and builders are facing what appraisers and real estate agents are calling the strongest buyers’ market in the history of Nashville — and that means homes may be appraised for less than replacement value. Buyers simply aren’t willing to pay dollar for dollar what a home is worth, pushing home prices below the ...

Regulators have given 10 major financial institutions the green light to start repaying billions of dollars in federal bailout money. These banks were deemed by their regulatory supervisors on Tuesday to be strong enough to withdraw from what was formerly the Troubled Asset Relief Program (TARP) but was renamed the Capital Purchase Program (CPP) ...

The Nashville area foreclosure rate climbed in April but was still below the national average, according to First American CoreLogic, a research firm.The group found the rate of foreclosures rose to .62 percent of outstanding mortages in April, up from .46 percent in April of 2008.The national average was 1.8 percent in April of 2009.   The ...

Trulia announced today that 23.6 percent of current homes on the market in the United States have experienced at least one price cut, totaling $27.4 billion in reductions. The average price-reduced home has seen a listing price reduction of 10.6 percent. Nashville is ranked 29 of the 50 largest cities by percentage of listings with price ...