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  • Nashville Real Estate Market Report

    Nashville Real Estate Market Report – May 2014

    MAY HOME SALES INCREASE SLIGHTLY, INVENTORY UP OVER APRIL NASHVILLE, Tenn. (June 5, 2014) – There were 3,079 home closings reported for the month of May, according to figures provided by the Greater Nashville Association of REALTORS®. This represents a .6 percent increase from the 3,061closings reported for May 2013. Year-to-date closings are 12,012.That total is up 1.6 percent from the 11,821 closings reported through […]

 

What is the difference between a Foreclosure, REO, HUD, and VA Foreclosure?

These terms refer to the current owner of the property after the foreclosure.

REO:Real Estate Owned” This is a term banks use to describe properties they have acquired after they go to auction.

HUD: “U.S. Department of Housing and Urban Development” HUD owns homes that were previously secured by an FHA loan.

VA Foreclosure:  Vetrans Administration” The VA owns homes that were previously secured  by a VA backed loan.

 

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