During June 12-16, 1,382 documents were added to the public records in Knox County. 337 were Trust Deeds with a combined value of $107.56 million including four loans over one million dollars. Affinity Mortgage LLC funded a loan for $1 million, and Home Federal Bank of Tennessee backed one for $1.1 million. FirstBank loaned $3.4 million and the largest of the week, $13 million, was funded by Northmarq Capital Finance L.L.C.
255 Warranty Deeds had a combined value of $101.18 million. There were nine transfers with price tags over a million dollars including two commercial properties.
In the Halls community, Enrichment FCU sold the building located at 7005 Maynardville Pike to Anthony Cappiello Jr. for $1 million.
In East Knoxville, a seven-acre property located at 5400 Rutledge Pike was sold for $3.91 million. The seller, 5400 Rutledge Pike LLC, transferred ownership to Greenbriar Properties LLC and Design Street Properties LLC, both of which are registered in South Carolina.
The impact of higher interest rates is evident in the three-year comparison chart. Borrowing numbers are 39.65% lower than this time last year, and the total value of the loans has decreased by 25%. Warranty Deeds are 23.5% lower in number than in 2022, and there is a 23% difference in the total value.
All you need is an email address to protect your property from fraud in Knox County. Clicking on this link will take you to the website: https://alertme.knoxrod.org. Follow the prompts to register your name. If documents are recorded in your name or the name of your business, you will receive an email notification that will enable you to determine if it was a fraudulent transaction.
Have a great weekend! – Nick