Nashville foreclosure listings. What you need to know now.

nashville foreclosure inset picture of puppiesIt’s easy to think of a Nashville residence that’s been the subject of a foreclosure as the real estate equivalent of a cute, cuddly orphaned puppy—one just waiting to be adopted by a loving family. You can think of the bank as the temporary animal shelter. With a little love and attention, the adopted foreclosure can once again resume its place in the neighborhood, and all is swell…

Or, a Nashville foreclosure can be the real estate equivalent of a snarling mutt that turns out to be a menace to anyone who comes near it…with the possible exception of an animal trainer, which in this case would be the real estate equivalent of a remodeling contractor—one with plenty of time on his hands).

If you’re thinking about taking advantage of Nashville foreclosure listings in 2016, the paramount skill will be the ability to make sure any property is the “cute and cudly” orphan, as opposed to its snarling counterpart. That’s because the kind of quality protections that are taken for granted in a regular residential real estate transaction are not in force.

The good news is that despite the fact that the Middle TN market has tightened up a great deal since the days of the real estate meltdown, there are plenty of foreclosure opportunities still coming onto the market in the greater Nashville area.

Remember, banks are under no obligation to disclose information about a Nashville foreclosure’s flaws, so this is truly a ‘buyer beware’ situation. No matter what the time pressure might be, you absolutely must make a physical investigation of any foreclosure offering as soon as possible. The more intensive the inspection, the more confidence you will have that any budget forecast accounts for all the expenses you are likely to encounter during the process of turning a foreclosed property into a move-in ready residence.

The good news is that despite the fact that the Middle TN market has tightened up a great deal since the days of the real estate meltdown, there are plenty of foreclosure opportunities still coming onto the market in the greater Nashville area.

Since would-be bargain hunters are no longer intimidated by the fear of falling housing values, timing becomes critical. With hungry and aggressive competitors regularly on the lookout for promising foreclosure listings, it’s imperative to be alerted to new opportunities as soon as possible. In this regard, there is also another ‘buyer beware’ situation—this one having to do with some of the online dedicated “foreclosure” websites. Be careful to avoid any that seem to provide outdated or endlessly repeated ‘bargains’—for fees billed in advance. If you decide to try them out, make sure they offer a free trial. You will quickly find out if you are being sent on a wild goose chase instead of what is being advertised.

A better way to start is to give me a call. I have been buying, renovating, and flipping houses for years. It’s a lot of fun. And you can make some very good money. It’s not always easy. But it’s a lot easier when you’re partnering with someone who has been around the block. Take a look at my “Flipping houses in Nashville” page if you would like to learn more.

I will be happy to provide you with Nashville foreclosure listings along with other new entries as they come onto the market—as well as to offer the kind of helpful advice and guidance that helps turn ‘orphans’ into family-friendly residences.

Foreclosures may not be for everybody—but the rewards for those who are able to take advantage of them can be substantial!