Leipers Fork Estate Home Foreclosures

Leipers Fork

Recently a local bank has foreclosed on two $1+ million estate homes in the Leipers Fork area of Franklin, TN 37064. For those of you not familiar with Leipers Fork, it is best described as a sleepy estate home town with rolling grassy hills, lazy streams, and the town Sherriff with a bubble gum machine on the roof of his car. It is a wealthy area full of country music stars and their equestrian facilities, but it’s real appeal is that Leiper’s Fork is really just a part of Franklin and no more than 25 miles from downtown Nashville.

The two bank owned homes are each brand new construction, they both sit on at least 5 acres, and have at least 6,500 square feet. The smaller house is priced at $1.25 million and the larger is $1.35 million. The bank is not in too big of a hurry to dump these homes at the moment, but that will probably change as summer arrives. It is my guess that these homes will eventually be bought at a significant discount at that time.

Why the secrecy? Why don’t you just give the address and post the pictures of the homes? A lot of people read this blog and the bank has asked me to discretely find a buyer for these two homes, out of respect for their wishes, I simply cannot. If you always wanted to own a country estate and would like for me to send you all of the homes’ information, just shoot me an
email or call 615-945-7123 and ask for Grant Hammond.

If you enjoyed this post, you might also enjoy:
Huge Deal on Foreclosed House in Brentwood
Fannie Mae and Freddic Mac Suspend Foreclosures
Foreclosure Estate Home in Brentwood, TN – Hampton Reserve
How Will Subprime Loans Affect Nashville?

Leipers Fork Estate Home Foreclosures

Leipers Fork

Recently a local bank has foreclosed on two $1+ million estate homes in the Leipers Fork area of Franklin, TN 37064. For those of you not familiar with Leipers Fork, it is best described as a sleepy estate home town with rolling grassy hills, lazy streams, and the town Sherriff with a bubble gum machine on the roof of his car. It is a wealthy area full of country music stars and their equestrian facilities, but it’s real appeal is that Leiper’s Fork is really just a part of Franklin and no more than 25 miles from downtown Nashville.

The two bank owned homes are each brand new construction, they both sit on at least 5 acres, and have at least 6,500 square feet. The smaller house is priced at $1.25 million and the larger is $1.35 million. The bank is not in too big of a hurry to dump these homes at the moment, but that will probably change as summer arrives. It is my guess that these homes will eventually be bought at a significant discount at that time.

Why the secrecy? Why don’t you just give the address and post the pictures of the homes? A lot of people read this blog and the bank has asked me to discretely find a buyer for these two homes, out of respect for their wishes, I simply cannot. If you always wanted to own a country estate and would like for me to send you all of the homes’ information, just shoot me an
email or call 615-945-7123 and ask for Grant Hammond.

If you enjoyed this post, you might also enjoy:
Huge Deal on Foreclosed House in Brentwood
Fannie Mae and Freddic Mac Suspend Foreclosures
Foreclosure Estate Home in Brentwood, TN – Hampton Reserve
How Will Subprime Loans Affect Nashville?

Nashville Mortgage Rates Hold Steady

Tennessee mortgage rates graph

The average interest on the benchmark mortgage rate held below the 6% threshold for the fourth consecutive week as 30-year loans remained at 5.88% this week, according to Freddie Mac.

“Once again, mortgage rates held relatively steady this week amid release of subdued economic data,” said Freddie Mac chief economist Frank Nothaft, who cited a government report on the number of jobs eliminated by businesses last month. There was a slight downward movement involving the other mortgage rates as 15-year, fixed loans held steady at 5.42%, five-year adjustable rate mortgages fell 0.03% to 5.56%, and one-year ARMs declined 0.01% to 5.18%.

The April Fed meeting is rapidly approaching and again, we expect a quarter point drop in the discount rate which will lead to lower mortgage rates in May. More good news is that the Nashville housing market has growth each of the first four months of 2008. Pending home sales are up and “stale” inventory has decreased. Nashville is no where near its record 2007 numbers, but the market has certainly stabilized.

If you liked this post, you might also like:
Mortgage Rates Hits New Record Low
Mortgage Rates Fall Back to Earth
Mortgage Rates Edge Lower, Applications Up
Rates Are “Flat”

Nashville Mortgage Rates Hold Steady

Tennessee mortgage rates graph

The average interest on the benchmark mortgage rate held below the 6% threshold for the fourth consecutive week as 30-year loans remained at 5.88% this week, according to Freddie Mac.

“Once again, mortgage rates held relatively steady this week amid release of subdued economic data,” said Freddie Mac chief economist Frank Nothaft, who cited a government report on the number of jobs eliminated by businesses last month. There was a slight downward movement involving the other mortgage rates as 15-year, fixed loans held steady at 5.42%, five-year adjustable rate mortgages fell 0.03% to 5.56%, and one-year ARMs declined 0.01% to 5.18%.

The April Fed meeting is rapidly approaching and again, we expect a quarter point drop in the discount rate which will lead to lower mortgage rates in May. More good news is that the Nashville housing market has growth each of the first four months of 2008. Pending home sales are up and “stale” inventory has decreased. Nashville is no where near its record 2007 numbers, but the market has certainly stabilized.

If you liked this post, you might also like:
Mortgage Rates Hits New Record Low
Mortgage Rates Fall Back to Earth
Mortgage Rates Edge Lower, Applications Up
Rates Are “Flat”

Property Management for The Encore Condos

Summit Property Management in Nashville

I just wanted to remind everyone that I have negotiated a bulk management discount with Summit Property Management to manage our group’s condos at the Encore. Summit will be charging us 8% of gross monthly rent and a $35 account management fee. Please call or email Cory Willms with Summit Property Management to confirm your interest in leasing.

Summit offers you many services that other property managers do not:
– Online rent pay
– Online maintenance requests
– Corporate rental management
– Auto draft
– Auto bank deposit
– Annual tax preparation for rental property

Summit Property Management also has a $30,000 website coming online at the end of April that will be the gold standard for all property management websites in the United States…I should know…I helped build it! Simply put, it will drive hundreds of tenants to your property creating more renters than rental property. Be sure to check it out whenever you can.

If you enjoyed this post, you might also enjoy:

Property Management for The Encore Condos

I just wanted to remind everyone that I have negotiated a bulk management discount with Summit Property Management to manage our group’s condos at the Encore. Summit will be charging us 8% of gross monthly rent and a $35 account management fee. Please call or email Cory Willms with Summit Property Management to confirm your interest in leasing.
Summit offers you many services that other property managers do not:

– Online rent pay
– Online maintenance requests
– Corporate rental management
– Auto draft
– Auto bank deposit
– Annual tax preparation for rental property

Summit Property Management also has a $30,000 website coming online at the end of April that will be the gold standard for all property management websites in the United States…I should know…I helped build it! Simply put, it will drive hundreds of tenants to your property creating more renters than rental property. Be sure to check it out whenever you can: Summit Nashville

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