Category Archives for "Local News (Char-Meck)"

Local News Occurring in the Charlotte-Mecklenburg Region

Record-High Level of Short Sales

According to an article published by DSNews yesterday, HousingPulse Tracking Survey released a study showing that nearly half of home sales that happened in March 2011 involved distressed properties and short sales have reached a record-high. The following is an excerpt from the article in DSNews:

“Within this distressed property segment, the market analysis shows a boom in short sales during the month of March to record-high levels and a drop in the proportion of damaged REO.

These deductions come from the HousingPulse Tracking Survey generated by Campbell Surveys and Inside Mortgage Finance.

The survey’s overall distressed property index rose to 48.6 percent in March – the second highest level seen in the past 12 months.

Short sales rose from 17.0 percent in February to a record-high 19.6 percent in March. Over the same period, damaged REO fell from 14.9 percent to 12.0 percent.

The report referred to both developments as “a positive sign” for the market.

Short sales can eliminate the sometimes long periods of time a home sits vacant after it is repossessed by the lender after foreclosure, and because damaged REO has the worst effect on comparables used for appraisals, smaller amounts of damaged REO should be a positive for home values in future months.”

Full Article
To learn more about short sales or how to purchase one, contact Showcase Realty.

HUD Consulant to Speak at Charlotte, NC Real Estate Seminar

FOR IMMEDIATE RELEASE

Nancy Braun, Owner & Broker-In-Charge
Showcase Realty, LLC
Phone: 704-889-5600
Fax: 704-625-2361
marketing@showcaserealty.net

February 7, 2011

HUD Consultant to Speak at Seminar for Local Real Estate Agents
Upcoming Free Real Estate Training Benefiting Local Charity

Charlotte, NC – Real estate agents from the Charlotte-Metro and surrounding areas are invited to attend a seminar featuring a professional a HUD consultant, Rebecca Walzak. This real estate seminar is hosted by Nancy Braun, Broker/Owner of Showcase Realty, to help educate local real estate agents on new and different information within the real estate market. Proceeds from these workshops will go toward the Boys & Girls Club of Greater Charlotte.

Braun will be hosting this seminar on Wednesday, February 9th 2:00pm until 4:00pm to inform local real estate professionals on how to successfully sell distressed properties and HUD Homes as well as go over the new North Carolina Offer to Purchase and how to make it work for REO properties. She also hosts monthly “Success in Distress” workshops to inform local agents on the local and national housing market and how to successfully sell distressed properties.

The featured keynote speaker, Rebecca Walzak, is president of RJB Walzak Consulting and is currently a consultant for HUD. Walzak will be sharing pertinent information on the HUD selling process which will answer many questions local agents may have.

Nancy Braun is a member of NRBA, National REO Brokers Association, and recently became a Neighborhood HUD Broker which means she is able to list homes owned by the Housing and Urban Development Department. HUD has recently made many changes to their selling process which has left agents confused and needing clarification.

“By giving local agents the information they need to help their clients find their dream homes and purchase it successfully, we hope to give back to our community and help in the much-needed growth of homeownership in Charlotte Metro and surrounding areas,” said Nancy Braun, Owner and Broker-In-Charge of Showcase Realty.

Tickets for this event are $40 and can be purchased at NRBAhudworkshop.eventbrite.com or you can pay at the door. All proceeds will be going to the Boys & Girls Club. Nancy Braun has recently joined REO4Kids through which she donates $100 to children’s charities per REO Asset she sells.

Also, please join Showcase Realty on Monday, February 21st for “Success in Distress: How to Sell HUD Homes” 2:00 p.m. until 5:00 p.m at the Boys & Girls Club at 940 Marsh Road in Charlotte. This is a free event but donations will be accepted for the Boys & Girls Club. There is limited space available, to register visit HUDWorkshop.Eventbrite.com.

For more information please contact Showcase Realty at 704-886-5600 or info@showcaserealty.net.