How to Get a Home After a Foreclosure

Buying a home is a difficult task for anyone, but is especially tough for those who have experienced a foreclosure or filed for bankruptcy. It may be difficult, but it’s NOT impossible! Here are some tips:

1.       Wait A While
The waiting period after these situations can be anywhere from 1-7 years, but most people don’t know that this period can be waived or shortened if the foreclosure was due to “extenuating circumstances or hardship beyond his or her control.”

2.       Clean Up Your Credit
Make sure to avoid any late payments on bills, rent, etc., and try to stabilize your employment to show that you are capable.

3.       Consult a Professional
Consult a loan officer or mortgage broker for advice on your personal situation.

CLICK HERE to read the full article

Get more for your money when selling your home!

 With increasing unemployment comes the increase in short sales nationwide.

Short sales give homeowners an option other than going through the embarassment of foreclosures, while banks avoid the legal bills and maintenance costs the follow a foreclosure.

Short sales usually sell for more and get more money for the banks than foreclosures. In turn, banks often agree to drop any additional mortgages payments!

Click here to read more: FOR A REAL BARGAIN, TRY A SHORT SALE!

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

Great investment opportunity on Charlotte home!

Great investment opportunity on Charlotte ranch-style home, priced over 50K below tax value! The home comes with three bedrooms, one bathroom, and three parking spaces for only $19,000! For more information, call 704-889-5600.

Click below for property MLS listing sheet:

4207 Dinglewood Ave.