Discounted mountain homes could soon become a rarity. An article in USA todayindicates that the number of homes getting some kind of foreclosure notice fell from January to February 2011. In this real estate story out of Los Angeles, author Alex Veiga says, foreclosure notices are at a 36 month low. Our recent February’s numbers are 15% lower than this January and February 2011 vs February 2010 is 27% less. Much of the background data for the story was supplied by foreclosure listing company Realty Trac. Before everyone gets ready to celebrate an end to the large foreclosure mess, consider this. In most of the nation we had a severe winter. The inclement weather gets some credit for aiding the decline. However, the primary reason for the current decrease in foreclosures is state and federal investigations which began last fall. This intervention became serious when evidence appeared to show that some banks railroaded through loads of foreclosures each day, without giving the borrowers a fair chance to keep their homes. As Congress and State legislatures got involved, the banking industry and other home lenders in effect froze the foreclosure process. All of these currently stalled delinquent homes, will eventually enter the foreclosure pipeline. However, that could take some time.
Here at the Jason White Team, we have seen alot of activity in financially stressed property. If you are interested in these bargain priced items, be sure to read our earlier blogson how to prepare. One of the best preparation is to get preapproved for financing or get a certificate of funds for a cash purchase. This way you can move fast when your bargain property appears. Call us today to see how we can help you find just the right property here in the mountains 877-678-2121.
Here are a Few of My New and Current Listings: (These are not foreclosures)
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Fantastic View- Top Floor Condo! You get fantastic mountain, valley and city light views with this top floor condo. Tastefully decorated with furnishing that are included. Outdoor pool/indoor pool, hot tub and sauna on site for your use as well. Type: Single Family Home Location: Chalet Village Price: $69,900 Get more information > |
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Sits on Beautiful Pigeon River!! Located on the state’s most pristine river this is truly a one-of-a-kind property. Listen to the sounds of the river on this 2.8 acres in upscale subdivision of Riversong. This home offers a gourmet kitchen, huge game room and even a playroom for the kids Type: Single Family Home Location: Pittman Center Price: $1,250,000 Get more information > |
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Fantastic Views of Mt LeConte!! Enjoy the fantastic views of Mt LeConte and the tram from the spacious decking of this nicely decorated cabin. Each bedroom has in suite baths as well. This is a must see! Type: Single Family Home Location:Gatlinburg ,Tennessee Price: $235,000 Get more information > |