Clarksville TN Realtor Ron Dayley

    Real Estate – Clarksville TN Homes for Sale

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Clarksville Realtor Ron Dayley - Your Trusted Realtor in Clarksville TNClarksville Realtor Ron Dayley - Your Trusted Realtor in Clarksville TN

Clarksville TN Realtor Ron Dayley - Experience the Difference Today

Ron Dayley, REALTOR – Real Broker LLC

844-591-7325 Office
931-249-6598 Cell
www.clarksvillehomesales.us
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Foreclosed homes in Clarksville TN | What are they?

HUD homes Clarksville TN,

Foreclosed homes in Clarksville TN

 

HUD homes in Clarksville Clarksville TN | Foreclosed homes in Clarksville TN

 

Foreclosure in Clarksville TN, Short-Sale, HUD home sales, VA Foreclosures, Repo, REO, Bankruptcy Sale are all horrible for the homeowner/seller but can be great for the buyer/investor.

 

HUD homes in Clarksville TN | Foreclosed homes in Clarksville TN

Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower, who has stopped making payments to the lender. Thereby forcing the sale of the asset used as the collateral for the loan.

Formally, a mortgage lender (mortgagee), or other lienholders, obtains a termination of a mortgage borrower (mortgagor)’s the equitable right of redemption, either by court order or by operation of law (after following a specific statutory procedure).

Foreclosure sales in Clarksville

HUD homes Clarksville TN | Foreclosed homes in Clarksville TN – Investment Properties located in Clarksville TN

Foreclosed homes in Clarksville TN, Foreclosures in 37043

Usually, a lender obtains a security interest from a borrower who mortgages or pledges an asset like a house to secure the loan. Therefore if the borrower defaults, the lender tries to repossess the property. Courts of equity can grant the borrower the equitable right of redemption if the borrower repays the debt. While this equitable right exists, it is a cloud on the title and the lender cannot be sure that they can successfully repossess the property. Therefore, through the process of foreclosure, the lender seeks to foreclose. In other words, immediately terminate the equitable right of redemption. By taking both legal and equitable title to the property in fee simple. Other lien holders can also foreclose the owner’s right of redemption for other debts, such as for overdue taxes, unpaid contractors’ bills or overdue homeowners’ association dues or assessments.

Foreclosed homes in Clarksville TN | HUD Homes Clarksville TN

HUD homes Clarksville TN | Foreclosed homes in Clarksville TN

The foreclosure process as applied to residential mortgage loans is a bank or other secured creditor selling or repossessing a parcel of real property after the owner has failed to comply with an agreement between the lender and borrower called a “mortgage” or “deed of trust”.

Foreclosed homes in Clarksville TN, Foreclosures in 37040

Violation of the mortgage is a default in the payment of a promissory note, secured by a lien on the property. When the process is complete, the lender can sell the property and keep the proceeds to pay off its mortgage and legal costs. Therefore if the promissory note was made with a recourse clause and the sale does not bring enough to pay the existing balance of principal and fees the mortgagee can file a claim for a deficiency judgment.

HUD Homes Clarksville TN, Foreclosures in 37041 

In many states, items include calculating the amount of a deficiency judgment including the loan principal, accrued interest and attorney fees. Minus the amount the lender bid at the foreclosure sale.

In conclusion, you don’t want to default on a loan and go into Foreclosure. However, for an investor or a home buyer, foreclosed homes can be a good deal for you. If you are looking to buy a foreclosure, contact a Realtor who has experience with HUD contracts.

Foreclosures Montgomery County TN

For more info on buying or selling real estate, check out Homes for sale in Clarksville TN

 

Here are some of the currently available VA, HUD, Foreclosures in Montgomery County TN.

Clarksville TN Real Estate Agency

  • Sango area Listings
  • Homes for sale with swimming pools
  • Ranch style houses
  • New Construction
  • Home builders in Clarksville TN  
  • Equestrian Properties
  • Houses for Rent in Clarksville
  • Lease Purchase
  • Homes for sale by School Districts
  • 5 Bedroom Homes
  • Clarksville Condos and Townhouses
  • Nashville Condos 
  • Sylvan Park Nashville
  • Clarksville Golf Course homes
  • Neighborhoods with Parks

Real Estate for sale in Clarksville TN,  A Tennessee Realtor with Passion and Purpose.

Subdivisions in Clarksville TN

  • Azalea Trace Clarksville TN
  • Beech Grove Clarksville TN
  • Boyer Farms & Hartley Hills Clarksville TN
  • Danford Subdivision Clarksville TN
  • Easthaven Subdivision Clarksville TN
  • Farmington Clarksville TN
  • Greystone Subdivision
  • Hereford Farm Clarksville TN
  • Hickory Wild Clarksville TN
  • Locust Run subdivision Clarksville TN
  • Luxury home builders Clarksville TN
  • Marquee Estates Clarksville
  • Morningstar subdivision
  • Phillips Estates
  • Reda Estates Subdivision Clarksville TN
  • Reserve at Sango Mills Clarksville TN
  • Sterlin Acre Farms
  • Savannah Lakes Clarksville
  • Stonehenge Clarksville TN
  • Stones Manor Clarksville TN
  • Wellington Fields subdivision Clarksville TN
  • Whitewood Farm Clarksville TN
  • Willowbrook Subdivision Clarksville TN
  • Woodford Estates Clarksville TN

Ron Dayley Realtor – Real Broker LLC

Clarksville, TN 37043
931-249-6598 cell
844-591-7325 office

Business Hours
Sunday         9:00 AM – 5:00 PM
Monday        9:00 AM – 6:00 PM
Tuesday       9:00 AM – 6:00 PM
Wednesday  9:00 AM – 6:00 PM
Thursday      9:00 AM – 6:00 PM
Friday            9:00 AM – 6:00 PM
Saturday       9:00 AM – 5:00 PM

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