Category Archives for "Working with a Realtor"

Charlotte Short Sale Agents

Charlotte NC Short Sales

Are you looking for an answer to your mortgage problems?

A short sale may be a good option if you need to sell your home but find that you owe more on your mortgage than the current estimated value of the property. It is an agreement between you and your lender that the lender will accept less than the full payoff amount for your mortgage.

These days, short sales are becoming more and more popular throughout the country with a noticeable increase in many states. However, many people are still unfamiliar with it.

Once you have determined that a short sale is the right step for you and your family, you will next want to consult with Charlotte short sale agents. While any agent can assist you with a short sale, not all agents have the experience to avoid the pitfalls or know how to help you expedite the short sale process.

What should you know about the short sale process?

A short sale includes negotiations between a number of people, so it is wise to have an expert on your side to guide you.  The process tends to be lengthy and includes paperwork-intensive transactions.

This type of real estate transaction is too complicated to trust to a novice and the process should never be taken lightly. In fact, short sales can be 4 to 5 times the amount of work as a regular transaction.

There are some real estate agents who claim to be short sale experts but do not have the education or experience to provide the service you need. Don’t make the mistake of choosing an agent to do your short sale simply because that agent has an impressive website or has taken a couple of short sale classes. Keep in mind that a short sale class, even one which results in certification, does not necessarily make an agent a short sale agent.

The short sale transaction is complicated enough and taking on an agent who is incapable will only add to the challenges. If you are not familiar with the short sale process and also hire an inexperienced short sale agent, then you will be creating more problems for yourself.

Short Sale Agents in Charlotte NC

Here are some questions you should consider when choosing short sale agents to work with:

  • Is the agent experienced?
  • Is the agent a neighborhood specialist?
  • Does the agent possess specialized knowledge or has received training for specific types of transactions?
  • How many short sales has he/she closed?
  • What are referrals saying about the agent?

Given the complexity of paperwork and negotiations, it’s essential to work with the best Charlotte short sale agent. That would be me, Nancy Braun.

Our team at Showcase Realty specializes in short sales and encourages sellers to use this process, rather than go through the devastation of a foreclosure.

We are committed to delivering a  high level of professionalism and will be by your side every step of the way in assisting to find a favorable solution for your situation. We will discuss with you the details of the process including the things you should expect.

Call me, Nancy Braun, at 704-997-3794 to learn more about short sales and how they will benefit you.

In case you cannot view this video here, please click the link below to view Charlotte Short Sale Agents on my YouTube channel: https://youtu.be/JJY-HfcmnVs

Understanding the ways to avoid a foreclosure

Number on way to avoid a foreclosure and the auction of your home is according to Bank of America is – A SHORT SALE!!!

A short sale is the a way to sell your home and settle your motgage debt for the less than what you own on it! This is not only a positive for the homeowner, but also for the bank because they get more than they would if you home was foreclosed on. Some additional benefits are below:

  • It usually takes less time than a foreclosure
  • You’re credit may improve at a faster rate
  • You may be eligible for financial assistance during your relocation!

Another option is to get a Deed in Lieu of Foreclosure, in which you give your property’s deed to the bank. This will still have a negative effect on your credit, but it is a much easier process than going through a foreclosure.

CLICK HERE for a checklist to smooth the transition from your home, and to get contact information for valuable assistance!

A personal experience with our short sale specialist

Michael Simonini“I would like to commend Michael Simonini of Showcase Realty for coming to my rescue and helping me favorably part with investment properties I had in North Carolina. In 2006, I purchased a few properties hoping to rent them but, was unable to do so; I found myself paying these mortgages on my own. After several years I was no longer in the position to continue making payments and therefore, started to receive foreclosure notices. For anyone facing foreclosure, you know how frustrating and difficult it is trying to work with your lender to salvage your credit and at the same time preserve your dignity. I reside in New York, which posses many challenges because I was not able to regularly travel to North Carolina in order to maintain these properties or meet with realtors to list these properties for sale.

“In December 2009, after countless hours of internet searches and telephone conversations trying to locate a realtor in North Carolina, I was referred to Showcase Realty by GMAC Mortgage. Showcase Realty was instrumental in successfully obtaining short sale on these properties. I am extremely grateful and fully satisfied with the high level of professionalism received from the staff at Showcase Realty. I can assure you, Showcase Realty will be by your side every step of the way in assisting to find a favorable solution for your situation. In the future, if I am in the position to purchase properties in North Carolina I will not hesitate to contact Showcase Realty. I am confident in highly recommending Showcase Realty for all your real estate needs.”

Brian M., New York

Many struggle to keep their homes after losing a job… Help is out there!

According to DSNews.com and a recent national survey taken last month, 1 in 3 Americans would not be able to afford their mortgage after only ONE MONTH of being unemployed!

Many people feel that they are the only ones living paycheck-to-paycheck, but 61% of those surveyed said that they would not be able to keep up with their mortgage or rent payments within 5 months or less of being unemployed. This also includes those with higher annual incomes, who also admitted that they could not guarantee that they could afford the payment following losing their jobs.

There are several options to choose from when this occurs that is much less devastating then being foreclosed on, including special government programs like HUD’s Emergency Homeowners’ Loan Program.

If you cannot afford to keep your home, but still would like to refrain from the damage of a foreclosure – short sales are the way to go!

To learn more about short sales, how they will benefit you and the easiest way to go about doing it, visit Showcase Realty or call our short sale expert at 704-889-5600.

CLICK HERE to read more on DSNews.com.

Short Sales Becoming More Popular With Time

Short sales, which many people are still unfamiliar with, are becoming more and more popular throughout the country with a noticeable increase in many states. Large banks including Bank of America and Wells Fargo have also had an increase in the amount of short sales they have seen in the last year, expecting more than double of what they had in 2009.

Short sales are not new and nothing drastic has happened with the process recently, people are just finally starting to understand what it is! Showcase Realty specializes in short sales and encourages sellers to use this process, rather than go through the devastation of a foreclosure. CLICK HERE for more information on short sales, along with the contact information of someone on our team who can help you go through this process quickly and efficiently.

Read this article in USA TODAY:

Number of short sales on the rise