Homeowner Success Stories Category

Considering a Knoxville Short Sale..??

Here Is What You Need To Know...

A lot of people in Knoxville are facing some very hard decisions right now. Being Foreclosed on is a process that can be embarrassing, humiliating, it destroys good credit records, and is often a very traumatic experience for good people swallowed up by bad loans. There are options to avoid situations like this if you find you are behind on your mortgage, however, and one of those options is to consider doing a Short Sale of your Knoxville home. A Short Sale is a process by which the homeowner agrees to sell their home prior to foreclosure at a price that is less than the current balance due on the loan. It allows the homeowner to avoid the pain and humiliation of foreclosure as well as the devastating damage to their credit score (point loss can easily be 200-250 points!). There are possible drawbacks, however. The I.R.S. will see the debt forgiveness as income, and your lender may want to pursue a deficiency judgment, meaning that they may want that money back. There is a provision in the tax law where this debt is being forgiven and not counted as income in hardship cases as income. I highly encourage anyone considering a short sale to consult with a lawyer and/or CPA. Each lender treats short sales a little differently, but this is an overview of what to expect.

Find A Realtor Who Understands Knoxville Short Sales Like a CDPE

You're going to need someone to help you get that home sold quickly, and a Realtor that understands the process and has experience with this unique type of transaction has a much better chance of being able to get the job done. I've had lots of experience successfully negotiating Knoxville area short sales for distressed homeowners, and I'm more than happy to help! The CDPE designation has trained me to help people facing foreclosure and keeps me up to date on the current trends in the market.

Knoxville Short Sales Should NOT Be Overwhelming!

Getting a short sale approved takes skill and when done correctly everyone wins. Part of what makes it successful is putting together the short sale packet and the presentation to the lender.There is no other team in the Knoxville Area than mine at getting this done for seller. We have the most experience and success at getting it done for you. We have a full-time negotiator that talks to the lenders and gets our short sales accepted. Lenders tell us all the time that our package we submit to them and the way we handle short sales are top notch and some of the "BEST" they have seen. If you have any questions, or need to possibly list your home as a short sale, please give me a call at 865-696-9002 or email [email protected] and I can help guide you through the process and help you to avoid foreclosure! And don't forget my services to you will cost you "Nothing"

Another Successful Knoxville Short Sale

My team and I just completed another successful Knoxville Short Sale for a seller in West Knoxville. My seller had lost their job and were having trouble making their mortgage payments.  They had previously had their home on the market with another Realtor but were not having any luck getting their home sold. So they contacted us about marketing their home. We analysis their situation and discussed all their options currently available to them. My seller decided that a short sale was the best option for them. We put them home on the market and through our marketing efforts were able to obtain 3 offers on the home. After we had put the short sale packet together we submitted it to the lender and went to work to get the short sale accepted. After 31/2 months and some hard negotiations with the lender we where able to get the offer accepted and were ready to close. Here is what our seller had to say...... " Rick we want to thank you and your team for getting our home sold quickly and helping us avoid foreclosure. You made a very difficult time in our personal life very smooth for us. You were calm and reassuring during a very tough time for us. Thanks again for helping us... Deena and John" I understand how tough these times are right now for many people. That is why I take the time to stay up on all the current trends to help homeowners in Knoxville who are having trouble making their mortgage payments. The CDPE designation and being part of their Advanced program helps me do just that each month. Currently 7 out of 10 homeowners having trouble making their mortgage payments don't know they have options other than foreclosure. Don't be one of the 7 get help from a train professional like myself you do have options. My team and I have the MOST experience of anyone in the Knoxville area at helping troubled homeowners....we can help you determined the best option for you in your situation. Call me if you need help at 865-696-9002 or email me at [email protected] for a free consultation.

Another Successful Knoxville Short Sale

tomotley One thing I have learned about Knoxville TN short sales is no two are ever the same. We just completed a successful short sale in Maryville, TN. It was a very nice home on 26 acres very private setting and the home was in great condition. My seller bought the home a few years ago for $470,000 with 100% financing. They where transferred out of the area and had been trying to sell the home prior to calling in my team to help. It was becoming a financial hardship to maintain the home because they had been transferred. So we talked about their options and determined that selling the home using a short sale was the best option for them. We priced the home at $295,000 and were able to secure an offer pretty quickly on the home. After we had put the short sale packet together we submitted it to the lender and went to work to get the short sale accepted. Well after 4 months and some hard negotiations with the lenders we where able to get the $295,000 offer accepted and were ready to close now. This is where the fun began our buyer decided they didn't want the house after waiting 4 months to get the sale approved. My team and I learned that you never stop marketing short sales because this type of thing happens all the time. We had so much interest in the property we were able to go to another buyer who had shown interest and put another deal together for our seller. Here is what our seller had to say...... "Hi Rick, Thank you very much for representing us in the short sale of our house. Working with you helped to make a very difficult situation more tolerable. We appreciated not only how easy you were to work with and your prompt replys to our concerns, but also your professional skill and knowledge in the area of short sales. We are very grateful for your assistance in helping us complete the short sale on very favorable terms! Thank you, Tom & Nori B." What really makes our team of professionals stand out in the market place is our ability to get these short sales approved for our sellers. Perfect example is this sale was $175,000 below what my seller owed on the property and we also got them a release of liability on both the first and second mortgage. Because we have a full time negotiator as apart of our team who does nothing but negotiate our short sales we are able to get things like this done for our sellers when other can't. If you are having trouble making your mortgage payments call me 865-696-9002 or email [email protected] I can help you avoid foreclosure.

Rick Smenner and his team help more homeowners….

My team and I get a great deal of satisfaction out of what we do in helping Knoxville homeowners who are having trouble making their mortgage payments. I appreciate when they send me an email or note and share their experience of dealing with my team and I was for them. What I do is analysis each families situation and explain what their options are for them. For some it is a loan modification for others it may be a short sale. Every-bodies situation is different that is why if you are a Knoxville area homeowner having trouble making your mortgage payments you contact a trained professional who can help you determine the best option for you. As a CDPE we are the BEST in the business in helping people who are having trouble making there mortgage payments. "Hi Rick, Thank you very much for representing us in the short sale of our house. Working with you helped to make a very difficult situation more tolerable. We appreciated not only how easy you were to work with and your prompt replys to our concerns, but also your professional skill and knowledge in the area of short sales. We are very grateful for your assistance in helping us complete the short sale on very favorable terms! Thank you, Tom & Nori B." "Rick thank you so much for helping us with our loan modification on our home. Other Realtors we talked wanted us to sell our home on a short sale which we didn't want to do. You took the time to listen to us on what we wanted to do. You determined a loan modification was best for us help us with all the paperwork and we got it done. Thanks again for all your help... Craig and Jenny S" Comments like that are what make what I do all worth while. If you are having trouble and need some help let's talk about your situation. Call me at 865-696-9002 or email me at [email protected]

Another Successful West Knoxville Short Sale

My team and I where just involved in a successful Knoxville short sale on a home in West Knox located at 10512 Eagles View Drive. It was a Knoxville Short Sale that had been taking awhile to get done with the lender Bank Of America. The other agent who had it listed for sale had several offers on the home over a several months. But the previous buyers had walked away from the Knoxville Short Sale because of the length of time it was taking to get the short sale approved with BOA. Our buyer had contacted us about the home because he had interest in buying it because of the exceptional value for the West Knoxville area. So we prepared an offer to buy the home and got it presented to the seller and got it accepted by the seller subject to BOA approval. That is the easy part when buying a West Knox area home on a short sale. The work really begins once you start working with the lender to work out the terms of the short sale. This home had 3 mortgages on it all with BOA. My team went to work to get this transaction done for the seller and buyer so this home wouldn't have to got to foreclosure. We where able to get the first mortgage approved after a few weeks but then had to begin negotiating with the 2nd and 3rd mortgage holders. During the negotiation of the Knoxville Short Sale on the 2nd and 3rd we had to go back to the 1st mortgage several time to get approval on payoff numbers. Our team negotiator stayed on top of things and was able to get approvals on all 3 mortgages and get it closed in 93 days. That is what really makes our team stand out from other Realtors in the Knoxville Market and being successful and getting short sales closed. We have a full time negotiator as part of our team who gets these short sales closed for our clients. If you are a Knoxville homeowner having problems making you mortgage payments and want to know your options. Please feel free to download my free reports You do have options as a Knoxville homeowner who may be facing foreclosure. Don’t let your home go to foreclosure call me at 865-675-8326 or email me [email protected] let’s setup a time to talk about your situation and talk about your options. I’m here to help you as a trained Realtor with the CDPE designation I can help you… Also Read Check out other Success Stories Farragut Home Saved From Foreclosure Grande Vista Bay Foreclosure Stopped Home Saved By Selling on a Short Sale

What People Say About Rick Smenner and His Team At Knoxville Home Saver

Rick It is with great pleasure and enthusiasm that I highly recommend Rick Smenner and his team at RE/MAX Preferred Properties. Rick and his team handled the short sale of my condo quickly and entirely so that I was never in direct contact with my mortgage company or the buyer from start to finish. Rick’s experience and expertise with distressed properties was evident from our first phone conversation and my confidence in his abilities only increased as the process progressed. His goal was to advertise the property and secure a buyer within a few short weeks and to handle the process entirely, sparing me the worries and pressures. Rick was true to his word on every point. I cannot say enough about Rick and his team and their professionalism. I am truly blessed to have discovered him. Sincerely, Deanna When I get a letter like this it makes everything I do worth while. Our goal is to help distressed Knoxville Homeowners stop foreclosure. If our team can help you please call me at 865-675-8326 or email [email protected] we can help you stop foreclosure

North Knoxville Home Saved From Foreclosure

We where able to save another home from foreclosure in North Knoxville. It was a home I had sold to my seller a few years ago. Because of their financial situation they where unable to keep up with their mortgage payments. They contact me and we discuss all their options. They decided that selling their Knoxville home on a short sale was the best option for them. So we put the home on the market and we where able to obtain an offer on the home. We put together the short sale packet on their home and presented it to the bank.

Their lender was unwilling to accept the short sale at the price we had accepted on the home. So the lender gave us a price that was acceptable to them. We went back to the buyer to see if they where willing to pay the higher price for the home. But because the buyer was unable to get financing at the higher price we where unable to put the short sale together on this Knoxville home.[youtube width="350" height="250"]http://www.youtube.com/watch?v=1FU3jm5Lll8[/youtube]

Our next option was a deed-in- lieu of foreclosure. So we approached the lender with this option and it was acceptable to them. We where able to save my seller home from going to foreclosure and they where happy with the outcome. If you are a homeowner in Knoxville facing foreclosure you do have options. Selling your Knoxville home on a short sale or deed-in-lieu of foreclosure are two of the solutions for you. It takes a trained professional like myself  with the CDPE designation to help you avoid foreclosure and help you understand what your options are as a homeowner Don't lose you home to foreclosure contact me I can help. You can call me at 865-675-8326 or email me [email protected] If you would like a free report on your options please click here to get a free report Check out other Success Stories Farragut Home Saved From Foreclosure Grande Vista Bay Foreclosure Stopped Knoxville Home Saved By Selling on a Short Sale

Another Knoxville TN Home Saved From Foreclosure

Recently I was contact by the owner of 250 East Shore in Grande Vista Bay. My seller had lost his job and was unable to sell his home. He had tried unsuccessfully to sell his home with another Realtor. He contact me about getting it sold for him as quickly as possible because he was facing foreclosure. We got the home on the market where able to obtain 3 offers within a week. We where able to STOP the foreclosure and negotiated a successful short sale of his Knoxville home with his lender.

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My Team has the experience to help Knoxville Area Home Owners who are having trouble making their mortgage payments. Selling your Knoxville Home as a short sale is just one of the many options that are available to distressed homeowners. If you are having troubles during these difficult economic times feel free to contact me for help. My services to you are free. It takes the skills of a trained professionl like a CDPE to advice you on which solutions is best for you in your situation.

Please feel free to call me at 865-675-8326 or [email protected]

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Knoxville Homeowner Saved From Foreclosure

A successful short sale for another home owner in trouble. My home owners at 313 Awohili lost her job so she contacted me about exploring all of her options. She decided it was best for her to sell her on a short sale. My Team and I marketed the property for her and got 3 offers on the home.

[youtube]http://www.youtube.com/watch?v=9ODpax8BOzQ[/youtube]

They we where able to negotiated a successful short sale with her lenders. There are many options available to home owners who are having trouble making their mortgage payments. To explore all your options contact Rick Smenner RE/MAX Preferred Properties 865-675-8326 [email protected] (more)
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Welcome to Knoxville Home Saver

Chances are, you or someone you know in Knoxville is facing the possibility of foreclosure. But you need to understand that you are not alone. There are solutions out there to help you stop foreclosure Today, 1 out of every 6 homeowners in America is behind on mortgage payments. These are tough and frustrating times. Now more than ever, it's important to identify your options. Foreclosure can be avoided, your credit can be saved, and your financial future can be salvaged. Through my experience handling distressed properties at RE/MAX Preferred Properties, I've found that homeowners today have more questions than answers about their circumstances. I have created this site to help you understand the possible solutions to foreclosure, as well as provide a detailed explanation of Knoxville short sales, which may be the best course of action for some homeowners. As an agent with the CDPE® Designation, I have a strong and unique appreciation of the factors affecting the market, and know that there are options available to you. Don't lose you Knoxville Area Home to foreclosure. You have many options to you like a loan modification selling your home on a short sale. Lenders are very willing to work with Distressed Property Owners in Knoxville TN. I have helped many Knoxville Home Owners stop foreclosures on their home. If you are unsure of what your options are contact me and we can setup a time to meet. We can discuss your situation and determine what option is best for you and your family. My services to you are free of charge and I'm here to help you. If you would like to know more about your options, please call me at 865-696-9002 or email me at [email protected] I am here to help … in any way I can.

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