Now is the perfect time to find a great home at a reduced price here in the heart of Middle Tennessee. While it is always sad when a person loses their home to a foreclosure it is usually good news for thrifty buyers. Foreclosures account for 2% of the listing inventory in Williamson County compared with about 8% about 5 years ago and about 7% about 3 years ago. I believe we are in a sellers market now but we still have foreclosures, so make sure you come to this website to search daily for new foreclosures.
Most foreclosures do not last more than 5-10 days before they are under contract, so you must act fast. Be sure to contact one of our qualified agents as many foreclosures you cannot purchase unless you have a realtor. This is especially true with homes that had FHA loans where the borrower defaulted on the loan. In this case, the property is taken over by the Department of Housing & Urban Development (HUD). To purchase these homes, you must buy them through a qualified HUD broker like Brown & Brown Realty Experts.