Short Sales - Sumitting The Offer Here is a list of what you are going to need when submitting the Short Sale Offer Signed Offer - Buyer(s) & Seller(s) Estimated HUD-1 Buyers Qualification Letter Short Sale Package 2 Years signed tax returns 2 Months bank statements 2 Most recent pay check stubs Financial Statement Hardship Letter Signed Authorization Form  For a Short Sale Approval You need to demonstrait to the servicer that it makes sence to approve the sale You provide the documents needed to justify their decission Have pictures and comps Make the lender aware of your marketing ( your efforts and pricing history )  Why so long for a answer ? Lender needs to verify the value of the property Order the appraisal order BPO -this could take a coulple weeks pending on where this file is ... 07/08/2008

Short Sales - Possible Tax Consequences Is there a Possibility Tax Consequences..... YES it could be..... There MAY be a TAX Liability created by either a FORECLOSURE or a SHORT SALE. Have the Home Owner talk to their tax advisor as we are Realtors and NOT tax advisors and not allowed to give tax advice. The Seller receives a 1099 for the DISCOUNTED amount. The IRS looks at the discounted amount as Income. Home Owner will recieve a 1099 from the lender. they can file FORM 892 if they are Insolvent and can prove it. Meaning they do not have the ability to pay it.    Senario: If the home owners income is $30,000  for the year and the discount is $45,000. They owe taxes on $75,000 for that year. Now if they are insolvant and can prove it, they can file the 892 along with 1099 they may not ... 07/08/2008

 The signs are visable that Clarksville, Tennessee is growing. One of the newest signs around Clarksville is the new Lowe's store that is being built just behind Chick-Fil-A on Madison Street. This will be Clarksville's 2nd Lowe's store to open. The other Lowe's store is Located on Wilma Rudolph Blvd at the intersection on 101st Airborne Parkway. There is also a new strip mall being built next to Chick-Fil-A that will house Clarksville's 2nd CiCi's Pizza         Looking to BUY or SELL you home in Clarksville, Tennessee ? Call Roland Woodworth of Exit Realty Clarksville RolandWoodworth@TopProducer.com www.ClarksvilleHomeInformation.com 07/08/2008

Clarksville Tennessee is a 'Diamond in the Rough' that is currently being polished.  There are many benefits of calling Clarksville home one of which is the easy commute to Nashville. Yesterday, Pam and I took our daughter and some friends to the Kenny Chesney concert at LP field.  A simple 40 minute drive south and you simply could not ask for a better day.  What a great concert - eight hours in total.  Needless to say we were all ready to head home after a day of great music. And for those who are hoping to catch this tour - let me tell you it is well worth while.  And yes, Sammy Hagar can still jam!   07/06/2008

Looking to BUY or SELL your home ? I would like to help ! Call Roland Woodworth of Exit Realty Clarksville. Roland is Licensed in both Tennessee & Kentucky. RolandWoodworth@TopProducer.com I may never become President... With this short video, at least you can make your friends belive you are actually running, or even make it look like thay are running for office. Be sure to send this toyour friends and have fun ! www.ClarksvilleHomeInformation.com 07/05/2008

Home Sales Report - Clarksville, Tennessee - June 2008 The Local MLS has posted the Home Sales Report for Clarksville, Tennessee for June 2008. The following report shows Active Listings, Pending Sales and Closed Sales. Ft Campbell, Kentucky is right here in North Clarksville at the Tennessee & Kentucky State Line. Monthly - Activity Report: 06/2008   Property Class: Residential   Active ListingsNew ListingsPended ListingsClosed Listings AreaAvg Per DayAvg LPCountAvg LPCountAvg LPCountAvg CP%CP/LPAvg DOM 71 125 $114,342 31 $136,954 11 $142,240 11 $133,972 97.600% 76 72 76 $197,233 16 $172,561 8 $107,343 11 $143,322 95.700% 86 73 89 $162,861 24 $155,087 20 $148,705 17 $138,364 99.100% 99 74 223 $107,233 80 $105,076 44 $106,305 30 $100,770 96.800% 98 75 209 $134,385 52 $130,141 28 $127,20... 07/05/2008

I am sure that many of our fellow Real Estate Professionals in California have listed homes with a water feature or a Koi Pond.  Being an avid collector and student of the Art of Nishikigoi as well as enjoying my water gardens, I thought I would share with you.  Also, I would like to ask those who have listed or sold a home with an exhisting pond whether it hindered the sale? 07/04/2008

Looking for 4th of July Fireworks in Clarksville, Tenessee. { July 3, 2008 } The City of Clarksville will host the Independance Day Celebration on July 3, 2008 at Clarksville's River Walk at McGreggor Park on Riverside Dr. The event will take place from 5:00 PM to 10:00 PM and will feature Live Music and Fireworks. Be sure to arrive early for this event. If your can't find close parking, try up around Public Square and the Downtown area. There should be a great view from up on the hill as well. This is a FREE Event   Fort Campbell will host its Annual 4th of July Celebration too.  { July 4, 2008 } Guests should enter gate 7 INDEPENDENCE CELEBRATION BEGINS AT 1900InvocationParachute Demo TeamBand Concert provided by the 300th Reserve Band from CAPosting of the Colors/National AnthemRemar... 06/26/2008

In my previous post on Foreclosure ~VS~ Short Sale {Part 2} I left off with this Question.....   What are the Requirements of a Short Sale ?   The Home Owner Qualifies for a Short Sale with a Short Sale Package.   Here are the required items for a Short Sale  2 years Tax Returns ( Signed )  2 Most recent pay check stubs with YTD  Financial Statement  2 Months ank statements with bank logo  Hardship Letter   * A hardship letter is a pitty letter to the lender. This is not a noval.... the letter needs to tell their story to the lender. It needs to be more than " I lost my job " It needs to tell how it has affected the family. * No Tax returns: Blank paper write Tax returns as the top and explain why they don't have a tax return * No pay stubs: Blank paper write Pay Stubs on to and explain... 06/23/2008

                                                                     In my previous post on Foreclosure ~VS~ Short Sale {Part 1} I left off with this Question..... Is there a Possibility Tax Consequences..... YES it could be.....    The answer is YES. There MAY be a TAX Liability created by either a FORECLOSURE or a SHORT SALE. Have the Home Owner talk to their tax advisor as we are Realtors and NOT tax advisors and not allowed to give tax advice. The Seller receives a 1099 for the DISCOUNTED amount. The IRS looks at the discounted amount as Income. Home Owner will recieve a 1099 from the lender. They can file FORM 892 if they are Insolvent and can prove it. Meaning they do not have the ability to pay it.    Senario: If the home owners income is $30,000  for the year and the discount is... 06/23/2008

 If you are a home owner and are having trouble makeing your mortgage payment and are heading to Foreclosure, there may be other options that could be available to you. A foreclosure will leave a negative mark on your credit report and you go threw the process of your name being posted in the local news paper.  There could be another alternative to Foreclosure that you may want to concider that is called a Short Sale.  A Short Sale is where your lender will allow you to sell your home for a discounted payoff amount instead of a Foreclosure. There is a process that must be followed and this can take 45 to 90 days to get an approval. The lender will evaluate your situaltion and see which way will have the most savings to the lender. You ask why would the lender want to do a short sale ins... 06/23/2008

Retro's Classic Arcade played host for Eagle 94.3 FM's Birthday Bash If you were not at Retro's Classic Arcade on Saturday June 21st, you miseed out on the Eagle 94.3 FM's Birthday Bash. The event took place from 11 AM to 2 PM. It was the 4th Birthday Bash and the first 94 people recieved a FREE GIFT and Retro's offered FREE ADMISSION during the event. After the drawing for the door prizes, Lunch was served out back. Eagle DJ's JT Daniels and CC Carmack and other staff members were all there. through out the event and they also got to experiance all that Retro's has to offer.  There were also tickets given away for Kenny Chesney and Wingo Star.  I won the Ringo Star tickets and the winner of the Kenny Chesney tickets is pictured below.                        Winner of the Kenny Chesney ... 06/22/2008

Looking to BUY or SELL a home in Clarksville, Tennessee ? Here is a Year To Date Activity Report on our Local Market. This report is broken down into Areas, Average homes on the market per day, Average List Price, Average Closing Price, Percentage of Closed Price ~VS~ Listing Price and Average Days on the market. This report is a Year to Date threw May 2008 and is compiled from the Local MLS. If you are looking to BUY or SELL your home Call Roland Woodworth of Exit Realty Clarksville RolandWoodworth@TopProducer.com www.ClarksvilleHomeInformation.com You may recieve your own Market Snapshot at  www.ClarksvilleMarketUpdate.com   YTD - Activity Report: 05/2008   Property Class: Residential   Active ListingsNew ListingsPended ListingsClosed Listings AreaAvg Per DayAvg LPCountAvg LPCountAvg ... 06/22/2008

An artist's rendering of the proposed Fairgrounds Park redesign. (Contributed image) In reading today's Leaf Chronicle, Clarksville Mayor Johnny Piper says Marina Must open on time.He goes on to say that if the project is not finished by October 2010, he will kill the project. Why is this date so important ? This date is one month prior to the next Mayor elections here in Clarksville, Tennessee.  The Clarksville marina (if developed) will be located at the fairgrounds park located on the Cumberland Dr Ext ( Hwy 13-48 ) just off Riverside Dr. There are many plans other than just the 221 boat splips that are planed. There are also plans to enlarge the current pond and will feature paddle boats. There is to be a new Pavilion twice the size of the one recently destroyed by the Tornado in Ma... 06/22/2008

This week I finally joined the Chamber of Commerce.  The first event that I attended was an after hours get-together where I had the opportunity to meet several wonderful people (including a fellow member of Active Rain).  I mainly joined the Chamber to help with networking, name recognition, and to become more involved in the community.  I really look forward to meeting more members and to becoming a valuable part of this wonderful organization. I wonder, what are your experiences with the Chamber and what have been the greatest benefits to you and your company? Thanks for your input! 06/20/2008

Your Clarksville Tennessee Home Search If you are looking for your next home in Clarksville, Tennessee, there is one website you will want to visit.  www.ClarksvilleHomeInformation.com will allow you to recieve a custom home search right to your e-mail. Roland Woodworth of Exit Realty Clarksville is Ready, Willing and Able to assist you in your home search. First time home buyers as well as repeat home buyers. No home to small or to large. There are a variety of home in all price ranges available your your viewing. Please feel free to call or e-mail Roland Woodworth of Exit Realty Clarksville with any questions you may have. RolandWoodworth@TopProducer.com www.ClarksvilleMarketUpdate.com  This site will map the homes for sale and send to your e-mail. 06/17/2008

I recently had a bad fall.  Broke my Knee and had surgery to repair my wrist.  It has been about 4 weeks now and am going crazy!!!  From training I have received I have been able to have 2 buyers wait for me to heal.  And today I got a call to list a house i prospected 2 months ago.  I also dragged my butt to a closing 7 days after my surgery.  My client of course was in total shock I showed up.  I believe I just made another raving fan, one that will bring me refferals far a time to come.  Morale too this blog...always do your best and your rewards will follow.  There will alway be someone worst off.  Be thankfull for what you have!!!!! 06/17/2008

The Clarksville Jaycees would like to announce that the Midway opens tonight at the North Tennessee State Fair. Be sure to come  out and enjoy all the fair has to offer ! Midway rides this year are by Belle City Amusements. This Week's Fair Schedule Tuesday: (Today) Midway opens, gospel singing. Wednesday: Midway open. Thursday: 2 Events for 1 Price Demolition Derby, 7 p.m., $10/$5, Clarksville Fairgrounds, midway open. Boxing at 9 p.m. Friday: 2 Events for 1 Price  Mud Drags, 7 p.m. and boxing, 9 p.m. This is a two-for-one event, $10/$5, Clarksville Fairgrounds, midway open. Saturday: Mud Drags, 7 p.m., $10/$5, Clarksville Fairgrounds, midway open. In all $10/$5 priced events, 12 and younger is $5, and younger than 5 is free    For more information on the North Tennessee State Fair, vi... 06/17/2008

 This week at The North Tennessee Stat Fair * June 15 - 21, 2008 Here is a list of events happening at the North Tennessee State Fair Tuesday, June 17: Midway Opens, Gospel Singing Wednesday, June 18: Midway Open Thursday, June 19: Demolition Derby, Midway Open Friday, June 20: Mud Drags, Midway Open Saturday, June 21: Senior Tea Dance, Mud Drags, Midway Open Looking to BUY or SELL a home in Clarksville, Tennessee Call Roland Woodworth of Exit Realty Clarksville RolandWoodworth@TopProudcer.com www.ClarksvilleHomeInformation.com 06/15/2008

Today while having lunch with my family and 2 children at Ciao Bella I heard that on July 5 & 6, 2008 that they plan to contribute to the fund raiser sponsored by the Clarksville High School HOPE Club. They just completed a bike trip from Clarksville Tennessee to the Lance Armstrong Foundation (LAF) in Austin Texas to raise money for the Armstrong Foundation and for the scholarship fund in memory of their former classmate Catie Summers, who died from caner in December. Here are a couple news articles from The Leaf Chronicle here is Clarksville.    Clarksville girl with bone cancer kept fighting to the end   Viva Catie arrives, talks with Lance Armstrong             If you are planning to eat out on July 5th or 6th, please make plans to support this great cause.  Ciao Bella is located in... 06/15/2008