Nashville Short Sale Specialist

Nashville Short Sale RealtorTimes are difficult in the real estate world. People are on the rise to becoming unemployed or have delinquent mortgage payments in Nashville TN. More than one out of three home owners today in the United States have a mortgage on their homes with the debt being greater than the value of their property, or with no other alternatives but to bring money to the table that they don’t have so that they are able to close if they have to sell their home. In some areas of the country, one/fifth of home owners result to be careless when dealing with their payments on their mortgage. If you are facing the potential of having to sell your home because it is your only option during this economic climate, then you are not the only case. As a Nashville short sale agent with the ability to help home owners such as yourself with your hardship, I am your Nashville Short Sale Specialist and I will be by your side to assist you and educate you on all of the available options to you all at no cost. With me as your short sale realtor, you will have the advantage of saving your credit in addition to preventing foreclosure and have a new beginning.

What is a short sale?

To have short sale, a lender must come to agreement to accept a pay off on a loan that is lower to what is owed at the time being. When a short sale is in action, the borrower is going to owe more on the property than the home’s current value; nonetheless, a short sale only happens if a homeowner is qualified through some sort of a hardship.

Do I get any money back from a short sale in Nashville Tennessee?

In many circumstances, homeowners are provided with cash back incentives if the short sale process is successfully completed. The Home Affordable Foreclosure Alternative program offers $3,000 cash back to homeowners to help with the relocation expenses. This money comes along with any other relocation assistance and incentives specific to your lender.

Can my current Realtor® handle my short sale in Nashville?

Antioch Short Sale RealtorCarefully examine this question. Short sales are designed mainly to be handled by a short sale expert who has the experience in successfully completing many short sales in their career and who are able to display the proof to what they claim. Some short sale agents will boast of themselves and how they manage short sales, but it’s very critical to study their background as opposed to believe the claims that they say about themselves. It would be absolutely horrible to start a short sale only to watch it crumble due to a careless Realtor who claimed to be able to help you complete your short sale successfully. While you search for a short sale Realtor, be sure to write down a list of questions that you would like them to answer and be positive that you feel okay with them. Furthermore, there are many who claim to be distressed property experts after going to a training class over the weekend. Proper training is an aspect to acknowledge,but experience and receiving a certification is very important also. I know that this may be a very tough time in your life but as your Nashville Short Sale Specialist,it is my goal is to help you through this process and make this alteration go as swift as possible.


Contact us today for more information about the Nashville short sale process.


Jesus is a Real Estate agent at Liberty House Realty LLC (License Number: 00300859), covering the greater Nashville area.
Phone: 615-424-0961
Email Me

short sale agent in SITEAREA    SITEAREA short sale realtor    short sale specialist in SITEAREA

Helping Nashville home owners avoid foreclosure with a short sale
Jesus Gonzalez specializes in short sales in Nashville. I am your Nashville Short Sale Specialist Realtor and Nashville loan modification and distressed property expert. This article and content is for general informational purposes and may not be accurate. This should not be taken as legal advice, technical or tax advise under any circumstance. Seek legal advise and representation in all legal matters.

How To Choose A Short Sale Specialist Realtor.

How To Choose A Short Sale Specialist Realtor in Nashville Tennessee.

NashvilleHave you ever found yourself in a bit of a financial rut? You may understand that you might be headed for foreclosure. If you think you are just about out of choices, a short sale may be in your best interest, A short sale is the best alternative, especially if you have no desire to embrace the consequences of having the foreclosure process on your plate.

But first things first, define a short sale? Simply put, a Short sale is when a homeowner cannot hold down mortgage payments any longer and is on the verge of being foreclosed upon. You can then approach your lender and ask if you can short sell the home in question at a loss instead of the bank foreclosing. By doing so, the homeowner prohibits getting a nasty foreclosure on their credit and also provides them more time and alternatives when it comes to their next step. So the next question now is it easy to do or should the homeowner request assistance?

Never do it alone

Asking for help is never bad, especially if you don’t have a clue how something this complex goes about. Short sale dealings are one of those things that might seem really simple at first, but requires an individual that knows precisely what they’re doing, why they are doing it and when they are going to execute the plans to kick it in motion. This is where talking to a Short Sale Realtor will be a major help. While you can do it the easy way and directly go to a bank or lender to ask them for short sale input, there will still be tons of legal aspects that you might not be capable of understanding. Coupled with the fact of a looming property foreclosure and that you will still have to bring in a real estate agent in the process at some point anyway. You must find a Realtor who specializes in short sales.

Remember to choose wisely

With that said, how does a homeowner select the correct Short Sale specialist and what are the points to consider when hiring one? Below are some useful questions to ask a short-sales Realtor:

• Ask of their experience and qualifications – this could be a really cliche’ subject for most short-sale agents, but it is very important that the homeowner gets a really clear response when this question is asked. This is a simple protection for the homeowner to make sure the short sales specialist has the experience and actual knowledge of the short-sales process and whether he/she can successfully represent you in the deal. It is also very important to ask about the short-sale specialist, qualifications and their education.So that you can safely assume that they have enough insight to push the deal through. Some important questions to be asking are the number of years he or she has been dealing with short-sales, their affiliations and the type of deals that they have successfully helped close.

• Ask you Short Sale Specialist about the number of deals the agent has successfully closed – while volume is not a predicament for the homeowner, they still might want to consider the number of successfully closed deals that the Realtor helped complete. “A lot” does not count as an indefinite answer and the homeowner may want to reconsider getting the services of the Realtor that propose them a vague answer like that.

• Ask about their strategy and how it affects your schedule – a Short Sale Specialist has a definite method or plan of attack might be encouraging to a homeowner especially if there is a tight time line that should be followed.

• Ask about the number of deals that they are currently handling – while it might be impressive that a Short Sale Specialist closed hundreds of successful deals, it might be wise to question them on their current status. It might be tempting to hire the engaged of the Short Sale Realtor due to them having many clients definitely says much about their reputation, but the sheer volume of their deals might affect their performance on closing your deal.

• Ask about YOUR schedule and time line – It is critical that the Short Sale Specialist knows your schedule so that they can adjust their priorities according to the due date assigned to you by the lender or the bank.

• Ask about their fees – this is probably one of the most important questions to be asking. Usually services to the homeowner are completely free and are paid for by your lender! No costs or out of pocket expenses! Be careful of any agent who wants to charge you fees. If anything, many sellers are able to get money back the lender short sale incentive programs.

Planning for the next step

Nashville Short Sale RealtorThe next step is the one that is significant: ask for the short sale specialist you just hired to come up with productive steps to short sale your home and what you need to know to effectively complete a short sale, for instance: you will need to produce a Short Sale Package which will contain important financial documentation in regards to your financial hardship. It is always important to remember that the short sale agent is there to make things easier for you and to offer service when needed but not hold your hand fully throughout the transaction. The most effective Short Sale Realtors are the ones who seem to be doing most of the legwork, but in reality are executing and educating you on how to properly position yourself and your property to close on the deal.

Short selling a home can be a challenging process that requires experience and expertise. So, you need to ensure yourself that you have a  Short Sales Specialist  who can communicate efficiently with you as well as your lender. Additionally, they must fully apprehend the entire short sale process and  be capable of efficiently closing the deal. With that said, I am a  Short Sale Specialists in Nashville TN that has extensive experience with successful completions of short sales. I strongly encourage you to contact me and let me help you get on the right track!


Contact us today for more information about the Nashville short sale process.


Jesus is a Real Estate agent at Liberty House Realty LLC (License Number: 00300859), covering the greater Nashville area.
Phone: 615-424-0961
Email Me

short sale agent in SITEAREA    SITEAREA short sale realtor    short sale specialist in SITEAREA

Helping Nashville home owners avoid foreclosure with a short sale
Jesus Gonzalez specializes in short sales in Nashville. I am your Nashville Short Sale Specialist Realtor and Nashville loan modification and distressed property expert. This article and content is for general informational purposes and may not be accurate. This should not be taken as legal advice, technical or tax advise under any circumstance. Seek legal advise and representation in all legal matters.

Jesse Gonzalez, Nashville Realtor, Bankruptcy and Short Sale – What You Need to Know.

As a Nashville Tennessee real estate market leader, Liberty House Realty LLC has helped many struggling homeowners facing foreclosure here in Nashville, Tennessee and the surrounding communities.

Liberty House Realty LLC in Nashville, Tennessee is a proud Better Business Bureau Accredited Business and we are committed to make your experience one you will be proud to tell others about.

First off, Liberty House Realty LLC is not a law or accounting firm. We are a real estate firm with extensive experience working with homeowners who are in distressed situations facing foreclosure. Situations like; loss of employment, divorce or even the loss of a loved one. Our advice should not be considered legal or accounting advice and before anyone embarks on avoiding foreclosure, we recommend they speak with an Attorney and an Accountant to ensure they are choosing the best option for themselves.

If you are considering bankruptcy, it’s important to know that many lenders and banks can review a short sale offer while the loan is in an active bankruptcy. This means that yes, you can file bankruptcy and do a short sale at the same time. Now, the question becomes why would anyone want to do this? Well, it’s pretty simple really, let’s say you are upside down in your home, can’t pay your bills and the home isn’t in the best of shape and needs work but, you can’t afford it. In fact, the home needs more work than you could possibly do or even want to do so you would rather just be done with it. In this case, you would want to consider a bankruptcy and short sale.

Another reason to consider the bankruptcy and short sale is the short sale incentive you may be offered by the bank. Yes, you can complete a bankruptcy, do a short sale and get your moving allowance of anywhere from $2,500 – $30,000.00. No, that’s not a typo, that is upwards of $30,000.00. Amazing enough, you can file bankruptcy, sale your home short…all at the same time and when you close on the home, pocket between $2,500 – $30,000.00.

Here is what you need to know.

The Stay -

When you file bankruptcy, you get an automatic stay, also known as the “hold” of any collection activity placed on your debt and in this case, your home loan. Of course, during this time, before your lender can speak to you or your agent about the short sale, the bank must have written authorization from your bankruptcy attorney on the law firms letterhead . Keep in mind, this is in addition to the bank requiring a 3rd party LOA for your agent from you, as well.

For the short sale to be processed to completion, you are going to need a few things and they are…

1. Granted Motion to Sell

2. Granted Motion for Relief from Automatic Stay with noted short sale negotiation. (It must be specific and actually note that the motion was granted for the purpose of short sale negotiations)

3. Dismissal

4. Discharge with Abandonment, Closing Order, Final Decree, Trustee No Asset Review.

Don’t forget, if your bankruptcy is discharged under chapter 7, the discharge releases you from any future debt obligation. Granted, you may not be personally liable for the debt, any remaining valid liens will still be in force and therefore, the creditor may enforce the lien to recover the property.

Short of this, a short sale in bankruptcy is able to be completed to closing. Keep in mind, all parties are subject to the court and it’s decisions so, you will have to be flexible and ensure you speak with a bankruptcy attorney to truly determine if this is the best solution for you.

Liberty House Realty LLC is not a law or accounting firm. We are a real estate firm with extensive experience working with homeowners who are in distressed situations facing foreclosure. Situations like; loss of employment, divorce or even the loss of a loved one. Our advice should not be considered legal or accounting advice and before anyone embarks on avoiding foreclosure, we recommend they speak with an Attorney and an Accountant to ensure they are choosing the best option for themselves.

For more information on Bankruptcy and Short Sales, visit Google, Yahoo and Bing.


Contact us today for more information about the Nashville short sale process.


Jesus is a Real Estate agent at Liberty House Realty LLC (License Number: 00300859), covering the greater Nashville area.
Phone: 615-424-0961
Email Me

short sale agent in SITEAREA    SITEAREA short sale realtor    short sale specialist in SITEAREA

Helping Nashville home owners avoid foreclosure with a short sale
Jesus Gonzalez specializes in short sales in Nashville. I am your Nashville Short Sale Specialist Realtor and Nashville loan modification and distressed property expert. This article and content is for general informational purposes and may not be accurate. This should not be taken as legal advice, technical or tax advise under any circumstance. Seek legal advise and representation in all legal matters.

Jesse Gonzalez, Nashville Realtor, Facing Foreclosure – Act NOW!

Jesse Gonzalez, Nashville Realtor, Facing Foreclosure – Act NOW!

As a Nashville Tennessee real estate market leader, Liberty House Realty LLC has helped many struggling homeowners facing foreclosure here in Nashville Tennessee and the surrounding communities.

We are a proud Better Business Bureau Accredited Business and we are committed to make your experience one you can tell your friends about.

First off, Liberty House Realty LLC is not a law or accounting firm. We are a real estate firm with extensive experience working with homeowners who are in distressed situations facing foreclosure. Situations like, loss of unemployment, divorce, or even the loss of a loved one. Our advice should not be considered legal or accounting advice and before anyone embarks on avoiding foreclosure, we recommend they speak with an Attorney and an Accountant to ensure they are choosing the best option for themselves.

When facing foreclosure or if you are worried you are going to miss next month’s payment, many will turn to their banks and ask for help while others will avoid talking with their bank. Talking with your bank is your best option and you should do this immediately. It’s important to understand that your bank has a process, has established procedures and these processes and procedures are drive by time. What I mean is, if you delay reaching out to them to resolve your delinquency, the options available to you to keep the home become very limited and in some cases, non-existent. One of the most difficult parts of my job is working with homeowners who waited till the bank set a foreclosure sale date before they ask for help. At this point, it almost becomes impossible to stop the foreclosure and save the home. Once again, this is because many of these banks have written down policies on what they will or won’t do to help you based on how far along you are in the delinquency. The sooner you act, the better. Do not delay contacting your bank, call today and ask for help.

As a delinquent homeowners, you need to understand your banks timeline and it’s also important to know, each bank is different. I am going to give you an example timeline here about what you can expect however, my timeline is generic and may not be representative of your specific bank. For example, if your payment is due the 1st of each month, most banks will give you a 15 day grace period so, they don’t start penalizing you till day 16 however, make no mistake, if the bank didn’t deposit your payment by the 1st, you are delinquent. If you still haven’t paid by the 16th, now you are delinquent and penalized. This is why sometimes you will get collections calls on day 2, even though you are still inside your grace period window. This is very true with Wells Fargo. Miss your payment even by one day, at they will start collection activity all most immediately, even though you have till the 15th before you are penalized.

So, let’s keep going with the example, let’s say you can’t make your payment because you lost your job and you are still unemployed but, your unemployment check is barely enough to feed your family, let alone pay your mortgage. Day 32 comes around…now, you have missed the first month but, you also can’t pay the 2nd month. Technically, with most bank, you will still be in Collections and yes, you will get the harassing calls, emails, text messages and mail but, don’t be afraid, be proactive. Call the bank, tell the your situations and see what they can do for you. During this phase, while you are still in Collections, the bank has programs that can help you. Programs like, Payment Plans, Forbearance, Special Forbearance, Cooperative Modifications, Government Modifications and possibly Cooperative Refinance, Government Refinance, etc…. My point is, CALL YOUR BANK! Don’t delay, act now because if you continue to delay, your options become limited, keep reading to find out exactly what I talking about.

Now, it’s day 90, you haven’t spoken with your bank, you haven’t answered their communication attempts, you are still unemployed, you still can’t afford your mortgage. You call the bank and say, we can make a payment….well, that may not be good enough now. Now, your file is no longer in Collections, it’s in Loss Mitigation and here, the bank is no longer concerned with helping you save the home, they are more concerned with reducing their loss when they foreclose you. This shift in mentality is why some of you tell me horror stories about how the bank won’t help you keep your home. It’s not because they can’t, it’s because at this point, they don’t want to. For them, it’s more of a financial decision in the best interest of the bank than it is about you. At day 90, with no plan in place, the bank starts considering the foreclosure and the options you have now are not to stay in the home but, how you end up leaving the home. Of course, you can just pack up, walk away but, that is never the best option, even at this stage, you have options and it’s on you to know your options. Of course, you can call us, we can talk to you about options or, you can visit several different websites but, most importantly, you need to speak with your bank. Sure, you may think I am crazy at this point but, I am not and let me tell you why. You bank will offer you incentives to leave the home gracefully, with their cooperation and provide you cash money. One of the programs we do all the time for our clients are short sales with cash incentives or moving allowances. That’s right, you can sell your home, less what you owe and, still get money from the bank to move on. In fact, Bank of America right now, is offering upwards of $30,000.00. Make no mistake, Bank of America isn’t the only bank offering short sale incentives, they almost all do. We did a Citi Mortgage short sale with incentive of $24,000 to a family of three and a Chase with an incentive of $8,000 for a single man. My point is, even though you may have to leave the home, want to leave the home or whatever your intentions are, the bank will still offer you incentives and by not speaking with them, working with them, telling them your intentions, you will never know. It’s on you to Know Your Options.

Now, you’re 120+ days past due, you haven’t called the bank or if you had, it’s been combative and you haven’t gotten anywhere with them. At this point, the bank will notify you of a foreclosure sale date and typically, it’s nothing more than a 30 day notice. You have no money to move, you don’t know what to do. You call me to help you and I will do all I can but, I can’t offer you any guarantees and tell you to prepare your family for the worst case scenario. We put the home on the market, we tell the bank you want to short sale, we discuss your incentive package,……but…….we just don’t have enough time to get an offer, get all required docs, submit it to the bank, get it approved and before you know, the foreclosure sale date is upon us and our hands are tied. The day of the foreclosure, I call the bank to confirm the sale completed, the bank’s Attorney lets me know it’s done and now I have to meet with you to inform you the bank https://www.bankofamerica.com/will proceed with forced eviction. You may not know this but, this happens all the time. If you don’t believe me, contact your local Sheriff’s department and ask them how many evictions they do a month. It’s staggering. As a REO / Foreclosure agent myself, who works with banks like, Bank of America, I can tell you that I have been on my fair share of assignments where I am knocking on the door, with the county Sheriff and a moving crew that goes in and moves everything to the front lawn. It’s not fun, it’s heart breaking and every time I do it, I feel like a little piece of me dies. The hardest part is when I am at the eviction and I ask the homeowner how it got to this point and they tell me, they didn’t know they had options.

As a real estate market leader here in Nashville Tennessee, Liberty House Realty LLC has helped many distressed homeowners and we can help you.

You can always find more information on avoiding foreclosure by visiting Google, Bing or Yahoo.


Contact us today for more information about the Nashville short sale process.


Jesus is a Real Estate agent at Liberty House Realty LLC (License Number: 00300859), covering the greater Nashville area.
Phone: 615-424-0961
Email Me

short sale agent in SITEAREA    SITEAREA short sale realtor    short sale specialist in SITEAREA

Helping Nashville home owners avoid foreclosure with a short sale
Jesus Gonzalez specializes in short sales in Nashville. I am your Nashville Short Sale Specialist Realtor and Nashville loan modification and distressed property expert. This article and content is for general informational purposes and may not be accurate. This should not be taken as legal advice, technical or tax advise under any circumstance. Seek legal advise and representation in all legal matters.

Jesse Gonzalez Nashville Realtor Bank of America Offers up to $30,000.00 as a Short Sale Incentive.

Jesse Gonzalez Nashville Realtor Bank of America Offers up to $30,000.00 as a Short Sale Incentive.

As a real estate market leader here in Nashville Tennessee, Liberty House Realty LLC has helped many struggling homeowners with short selling and we can help you.

We are a proud Better Business Bureau accredited business and we are committed to make your experience one to be proud of.

First off, Liberty House Realty LLC is not a law or accounting firm. We are a real estate firm with extensive experience working with homeowners who are in distressed situations like divorce, unemployment or loss of a family member. Our advice should not be considered legal or accounting advice and before anyone embarks on avoiding foreclosure, we recommend they speak with an attorney and accountant to ensure they choose the best option for themselves.

As a Bank of America Short Sale Professional, I am regularly updated on new policies and procedures from Bank of America directly. A while back, Bank of America announced a revision to their short sale relocation assistance program that I don’t think many people know about, even today. Ultimately, with a Cooperative Short sale, or in other words, a internal Bank of America short sale, not a federal program short sale like HAFA, Bank of America will offer no less than $2,500 but, no more than $30,000.00 in relocation assistance.  To view this information for yourself, you can visit Bank of America’s website directly by clicking here. Scroll to the very bottom of the page and read it for yourself.

Now, like all programs, some restrictions and terms do apply but, for most people, it should be that complicated. The biggest concern I have for most people is that you must close the transaction no later than 9/26/2013. That means, for most deals, they should be listed now. Short sales aren’t easy transactions and even as a Bank of America Short Sale Professional, they can sometimes be harry, especially if you have multiple liens. So, if you are considering a short sale, have a primary loan with Bank of America and want to see how much relocation assistance you can get, you need to act now.

I have completed many Bank of America short sales and have personally witnessed Bank of America giving out generous short sale incentives / relocation assistance so, even if you aren’t past due yet but are concerned that you may be soon, don’t wait because you don’t want to miss out.

As a real estate market leader here in Nashville Tennessee, Liberty House Realty LLC has helped many struggling homeowners. You can connect with us by visiting Facebook, Twitter, Active Rain or Linkedin.

You can always find more information on avoiding foreclosure by visiting Google, Bing or Yahoo.

Jesse Gonzalez Nashville Realtor Bank of America Offers up to $30,000.00 as a Short Sale Incentive.


Contact us today for more information about the Nashville short sale process.


Jesus is a Real Estate agent at Liberty House Realty LLC (License Number: 00300859), covering the greater Nashville area.
Phone: 615-424-0961
Email Me

short sale agent in SITEAREA    SITEAREA short sale realtor    short sale specialist in SITEAREA

Helping Nashville home owners avoid foreclosure with a short sale
Jesus Gonzalez specializes in short sales in Nashville. I am your Nashville Short Sale Specialist Realtor and Nashville loan modification and distressed property expert. This article and content is for general informational purposes and may not be accurate. This should not be taken as legal advice, technical or tax advise under any circumstance. Seek legal advise and representation in all legal matters.

Jesse Gonzalez Nashville Realtor What Forms Your Bank Will Need for a Short Sale

Jesse Gonzalez Nashville Realtor What Forms Your Bank Will Need for a Short Sale

As a real estate market leader here in Nashville Tennessee, Liberty House Realty LLC has helped many struggling homeowners with short selling and, we can help you.

First off, Liberty House Realty LLC is not a law or accounting firm. We are a real estate firm with extensive experience working with homeowners who are in distressed situations like divorce, unemployment or loss of a family member. Our advice should not be considered legal or accounting advice and before anyone embarks on avoiding foreclosure, we recommend they speak with an attorney and accountant to ensure they choose the best option for themselves.

When you are ready to embark on a short sale, the bank is going to require that you provide them with a few documents. The list below is a general list of documents that we have found most all banks require. So, no matter if your lender is Bank of America, Chase or even Ocwen, you are likely going to need the following documents.

Seller Documents:

1. 3rd Party LOA (Letter of Authority): I found a great article on what the 3rd party LOA is and what it’s purpose is. For more information on 3rd Party LOA, read Elizabeth Weintraub’s article on About.com, click here.

2. Listing Agreement: Yes, most all lender will require the property to be listed with a licensed agent before the will negotiate a short sale.

3. Most Recent Mortgage Statement: Even though you may not be paying your mortgage, your last mortgage statement is helpful for the agent to have on file. It gives us necessary details like your account number, remaining balances, etc….

4. Hardship Letter: This is your one opportunity to put a human face on your short sale. It’s imperative that you right a good hardship letter.

5. Financial Statement: Most of the time, the bank will provide your agent a financial statement form for you to complete.

6. Last 2 years Tax Returns: This is a part of the income verification process and is required.

7. IRS 4506-T: This is the IRS form to request a transcript of your taxes. The bank will use this to verify the Tax Returns you submitted are accurate.

8. Last 2 Months Bank Statements: Once again, this is part of the income verification process.

9. Paystubs / Proof of Income: Income verification process.

10. Last 2 years W-2′s: Income verification

NOTE: Some sellers just don’t have all of these required documents because of circumstances beyond their control. For example, some people have moved many times and have simply lost or don’t keep these documents on hand. Some banks will allow you to supplement the required document with a handwritten form explaining why you don’t have that specific document. You will need to sign it and date it and it is considered a part of the short sale package request.

For more information on document requirements, you can visit the Making Home Affordable website by the federal government, click here.

Don’t forget, the best advice anyone can give you is to talk with your lender. Sure, I know they may be harassing you about payment and yes, it’s not a pleasant call but, ultimately you are going to need their help regardless of what you decide to do so, go ahead and start working on developing a good relationship with them that is built on honesty and integrity.

As a real estate market leader here in Nashville Tennessee, Liberty House Realty LLC has helped many struggling homeowners. You can connect with us by visiting Facebook, Twitter, Active Rain or Linkedin.

You can always find more information on avoiding foreclosure by visiting Google, Bing or Yahoo.


Contact us today for more information about the Nashville short sale process.


Jesus is a Real Estate agent at Liberty House Realty LLC (License Number: 00300859), covering the greater Nashville area.
Phone: 615-424-0961
Email Me

short sale agent in SITEAREA    SITEAREA short sale realtor    short sale specialist in SITEAREA

Helping Nashville home owners avoid foreclosure with a short sale
Jesus Gonzalez specializes in short sales in Nashville. I am your Nashville Short Sale Specialist Realtor and Nashville loan modification and distressed property expert. This article and content is for general informational purposes and may not be accurate. This should not be taken as legal advice, technical or tax advise under any circumstance. Seek legal advise and representation in all legal matters.

Jesse Gonzalez Nashville Realtor Sub-Prime Home Loans Return

Jesse Gonzalez Nashville Realtor Sub-Prime Home Loans Return

As a real estate market leader here in Nashville Tennessee, Liberty House Realty LLC has helped many homeowners with selling, buying and investing in Nashville real-estate and, we can help you.

We are a proud Better Business Bureau accredited business and we are committed to make your experience one to be proud of.

You would think that after the 2007 housing bubble burst, we would have learned that subprime lending is really risky and we as a country should steer clear but, that doesn’t seem to be the case anymore, just 6 years later. A very interesting article published by the Los Angeles Times, really brings this point home.

The article written by Scott Reckard of the La Times chronicles the story Michele and Russell Poland and what they had to do to get what would be considered a high risk loan. The article title is “Lenders Venturing Back into Subprime Market

Granted, LA is far from Nashville Tn however, I did find many parts of this article very similar to our area and that is what I want to highlight in this blog.

1. Michele and Russell Poland’s story isn’t unique, in fact, it’s fairly common. Here in Nashville, we have many homeowners who found themselves struggling and unable to make their mortgage payment. Ultimately, many of these good people ended up with foreclosures and subsequently with bankruptcies.

2. We are seeing many of these former homeowners venturing back into the real estate market looking to purchase. Many of these potential buyers are re-entering the market place because they feel home prices are still a bargain. They believe by getting in now, no matter what it takes, means when they go to resell in 5 years ….or less….they will make money.

This pool of potential buyers is a market segment that lenders just can’t pass up. Truth is, money is to be made and the only question is, who is going to make it. Now, when we talk about sub-prime lending, I personally haven’t seen any “NINJA” loans, you remember those, they were those loans that didn’t require any documents, No Income No Job APPROVED however, we are seeing a more classic style of sub-prime, high down payment, high interest rates. In fact, the article goes on to tell that the Polands had to put 35% down, which they raided their retirement for, I wonder if anyone told them about their potential tax liability and they have a high interest rate of 10.9%. None the less, in my opinion, this is the subprime market rearing its ugly head again.

The article seems to put a pretty face on sub-prime lending and goes on to document different lender talking about how these are “old school” sub-prime lending where the ability of the borrower to pay back the loan is actually a concern of the bank. Completely shocked by this radical revelation, I am left to ask only one question and that is, when does it no longer become a concern of the bank?

My problem with sub-prime lending is that in my opinion, it plays into the idea that potential buyers are entitled to a home or that homeownership is an entitlement of all Americans. The truth of the matter is, it’s not. Homeownership is a privilege, it’s the end result of incredible hard work, commitment and determination.

For those of us who had to work hard to get what we got, we have an intrinsic value in the fruits of our labor that cause us to highly value our accomplishments. This high value we place on our homes, cars, etc… causes us to take care of these items and more importantly it creates pride within us and keeps us motivated and involved to constantly do the right thing. When you devalue homeownership with sub-prime lending, you tell people that having a home isn’t an accomplishment but, a right, a entitlement and you completely destroy the value on homeownership that a responsible citizen would of have had.

As a real estate market leader here in Nashville Tennessee, Liberty House Realty LLC has helped many struggling homeowners. You can connect with us by visiting Facebook, Twitter, Active Rain or Linkedin.

You can always find more information on avoiding foreclosure by visiting Google, Bing or Yahoo.


Contact us today for more information about the Nashville short sale process.


Jesus is a Real Estate agent at Liberty House Realty LLC (License Number: 00300859), covering the greater Nashville area.
Phone: 615-424-0961
Email Me

short sale agent in SITEAREA    SITEAREA short sale realtor    short sale specialist in SITEAREA

Helping Nashville home owners avoid foreclosure with a short sale
Jesus Gonzalez specializes in short sales in Nashville. I am your Nashville Short Sale Specialist Realtor and Nashville loan modification and distressed property expert. This article and content is for general informational purposes and may not be accurate. This should not be taken as legal advice, technical or tax advise under any circumstance. Seek legal advise and representation in all legal matters.