Category Archives for "For Buyers"

Information for buyers of short sale properties in North Carolina.

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

Short Sales Becoming More Popular With Time

Why has there been an increase in the amount of short sales in the last year? 

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 and how different short sale vs foreclosure are! 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 Charlotte NC short sales, along with the contact information of someone on our team who can help you go through the short sale process step by step, quickly and efficiently.

Read this article in USA TODAY to see how the short sale process for sellers has grown in popularity in some states:

Number of short sales on the rise

Great investment opportunity on Charlotte home!

Be the Owner of this 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.

Homes for Sale in Charlotte NC

Homeowners of distressed properties may have some relief in sight

“Treasury is currently reviewing a proposal to aid distressed homeowners by allowing a short sale of mortgage notes from mortgage-backed securities (MBS) trusts to new investors.” (DSNews.com)

Jordan D. Dorchuck of American Home Mortgage Servicing, Inc. developed the proposal in hopes of making the lives of distressed homeowners much easier with the use of principal reduction modifications. He believes that the plan will reduce the losses and increase benefits for both the investors and the borrowers, as long as it refrains from being driven by consumer demand.

Administration Considering New Housing Policies

Talking Short Sales with The Mecklenburg Times

About a week ago, The Mecklenburg Times turned its focus from the devastation of homeowners in today’s market, to the success of the real estate agents behind the scenes, working their hardest to sell these homes and get their clients the best deals out there. Click on the article below to continue reading.