Questions Answered About Dealing With An Inherited House

Posted on January 22, 2015 by teamkipp

Question: My father recently passed and I have inherited his townhouse. He had an existing mortgage. I am continuing to make the mortgage payments. I have not notified the mortgage company. I am unable to obtain financing for a home in my name at this time, and was turned down for 2 home loan attempts. If the lender finds out that I now own the house, can they pull the loan? I don’t want to lose the house. There was a Will (I was the PR and sole beneficiary) and I had an attorney prepare the deed which was properly recorded in my name. If I sell the home and payoff the mortgage, are there capital gains taxes or other taxes that I may have to pay? It was my father’s wish that the house be mine upon his death, yet I am afraid if I notify the mortgage company, they will pull the loan.

Baby, It’s Cold Outside ~ 7 Tips to Avoid Bursting Pipes

Posted on January 8, 2015 by teamkipp

BabyItsColdOutside These 7 Tips to Avoid Bursting Pipes are Courtesy of

ServPro of Hermitage/Donelson/WilliamsonCounty. 615.885.3906

Recycle Your Christmas Tree in Nashville Before February 9, 2015

Posted on December 30, 2014 by teamkipp

Go Green This Christmas

Public Works, Parks & Recreation Team Up for another Year of Christmas Tree Recycling

NASHVILLE, Tenn. – Metro is offering Davidson County residents an environmentally friendly and convenient way to dispose of their Christmas trees again this year.

WHO: Metro Parks & Recreation and Metro Public Works Departments

WHAT: Christmas Tree Recycling Drop-off Program

WHEN: December 26, 2014 to February 9, 2015

WHERE: Any of the following locations: Cane Ridge Park, Una Recreation Center, Whitfield Park, Cedar Hill Park, Two Rivers Park,Joelton Community Park, Sevier Park, Richland Park, Elmington Park, Edwin Warner Park, Lakewood City Hall

All trees must be free of lights, ornaments, tinsel and garland. No artificial trees can be accepted. Public Works will take the trees to the Bordeaux Mulching Facility to be chipped and composted into mulch. Please do not illegally dump any other items at the drop-off locations.

Natural brown mulch, made from Christmas trees and yard brush, is sold at the facility for $9.50 a cubic yard. The Bordeaux Mulching Facility is located at 1400 County Hospital Road, and is open Monday through Saturday, 7 a.m. to 4 p.m. No mulch sales after 12 noon on Saturdays. The facility also accepts untreated wood; limbs and brush; leaves; and non-commercial grass clippings in biodegradable paper bags that are free from any other trash or material. Recycling Christmas trees into mulch, rather than putting them in the trash, keeps them out of landfills and helps save Metro the cost of disposal fees. In 2031, over 14,400 trees were recycled through the Christmas Tree Drop-Off Program.

Christmas trees may also be placed with your brush and will be collected through the brush program on your regularly scheduled route. For more information call 862-8750 or visit our website atwww.nashville.gov\public-works.

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November Posts Another Month of Increased Home Sales in Middle Tennessee

Posted on December 8, 2014 by teamkipp

NASHVILLE, Tenn. (Dec. 4, 2014) – There were 2,474 home closings reported for the month of November, according to figures provided by the Greater Nashville Association of REALTORS®. This figure is up 8.2 percentfrom the 2,287 closings reported for the same period last year.

Year-to-date closings through November are 30,431, a 6.9 percent increase from the 28,476 closings reported through November 2013.

“The increase in November is further proof of the health of the Middle Tennessee housing market,” said GNAR President Hagan Stone. “This is the highest level of closings for the month of November our region has seen since 2006.”

“With more than 2,000 sales pending, the Greater Nashville area is well on its way to exceeding last year’s total closings. These signs are welcome as we begin to look toward 2015.”

A comparison of sales by category for November is:

	November 2013	November 2014
CLOSINGS	2,287	2,474
Residential	1,953	2,085
Condominium	222	248
Multi-Family	28	23
Farm/Land/Lots	84	118

There were 2,489 sales pending at the end of the month, compared with 2,192 pending sales at this time last year. The average number of days on the market for a single-family home was 67 days.

The median residential price for a single-family home during November was $215,000, and for a condominium, it was $165,256. This compares with last year’s median residential and condominium prices of $195,000 and $150,000, respectively.

Inventory at the end of November was 13,715, compared to 15,262 in November 2013. The current inventory of properties by category, compared to last year, is:

	November 2013	November 2014
INVENTORY	15,262	13,715
Residential	9,369	8,694
Condominium	1,132	902
Multi-Family	189	149
Farm/Land/Lots	4,572	3,970

“If you are considering putting your home on the market early in the new year, now is the time to begin those preparations,” said Stone. “Set up a meeting with your Realtor now to discuss any changes or updates to be made to your home. It’s possible you might even conquer a few of those during the holiday break. The sooner your market-ready home is available in 2015, the greater your chance for a swift transaction.”

The Greater Nashville Association of REALTORS® is one of Middle Tennessee’s largest professional trade associations and serves as the primary voice for Nashville-area property owners. REALTOR® is a registered trademark that may be used only by real estate professionals who are members of the National Association of REALTORS® and subscribe to its strict code of ethics.