Neighborhood Listing Broker Michele Karl. (THE HERALD/ JOE KARL)

Housing and Urban Development (HUD) requires a lot of work from its Neighborhood Listing Brokers (NLBs), and Michele Karl, the new NLB for HomeTelos has the experience and ambition to move the program along.
Karl, owner of Priority Real Estate, has been in the business for more than seven years, and her experience listing and selling homes will prove useful as she fills the NLB role for the area.
“One of my clients, Ron Hutchinson, who I recently sold a cabin to in Pigeon Forge, was impressed with the way I worked with them,” Karl said. “I later found out he worked for HomeTelos, and that they were looking to add another agent in this area, so it just fell into place from there.”
Karl opened Priority Real Estate just three years ago, establishing her offices in Seymour, dealing in land, residential and commercial properties, including foreclosures and bank owned properties, as well as working with leasing properties. The agency has a wide-range of expertise.
“I feel it’s important to be able to work in all fields of real estate in order to give my clients the best service possible,” she said.
Karl was chosen for the position because of the consistent success she has exhibited in the real estate business. Priority Real Estate and Karl have continually been at the top of the ranks on the Sevier County MLS’s Web site through the Great Smoky Mountain Association of Realtors.
“She was very professional,” Hutchinson said of Karl. “She knows the market well.”
Currently, Karl is one of three area HomeTelos agents, listing HUD homes for area counties Blount, Cocke, Jefferson, Knox, Hamblen and Sevier. Consequently, being a HUD agent requires a lot of work entering information about homes to be listed.
A HUD home is a one- to four-unit residential property acquired by HUD as a result of a foreclosure action on an FHA insured mortgage.
HUD becomes the owner and offers it for sale to recover the loss on the foreclosure claim. FHA homes are marketed by asset manager contractors such as HomeTelos. HomeTelos markets properties in over 25 states. They are one of three companies that market HUD homes.
Additionally, Karl said HUD is a beneficial choice for people who may not otherwise to able to purchase homes in their price range.
“Most homes are initially offered to owner-occupant purchasers or people buying the home as a primary residence and who will live in them for at least one year,” she explained.  After the priority period, homes are then open for anyone to purchase, including investor/buyers.”
For more information, call Michele Karl at Cell 865-384-1820, Office 865-577-6600 or e-mail sales@allwedo.com. Visit her Web site at
www.MicheleKarl.com.
Information for homeowners on buying a home is available at
www.HomeTelosfirst.com, and www.Hudhomestore.com, which lists the HUD homes for sale, and also allows brokers and agents to sign up to sell HUD homes.

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