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A personal experience with our short sale specialist

“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 […]

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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 […]

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Worried foreclosure is coming?

LPS Data Shows GSE Foreclosure Starts Are Accelerating Fannie Mae and Freddie Mac are beginning to initiate foreclosures at a faster pace. According to a new study from Lender Processing Services (LPS), GSE foreclosure starts have been accelerating and are currently at all-time highs. From May to June, foreclosures initiated by Fannie and Freddie jumped […]

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Bailout Watchdogs Call Mortgage Program a Bust

Many distressed homeowners were excited to learn of new beneficial goverment programs designed to keep their homes out of foreclosure. With over $50 billion allocated to bailout the mortgage program, there are still only 1 of 10 people getting the mortgage modification necessary to keep their home. Rising foreclosure rates will continue to force down home prices. With almost half of Charlottes homes being sold proced under $150,000 these effects are hitting close to home. After learning if you are eligible for a modification, it is important to consider the option of doing a short sale. This keeps the number of foreclosures off the market and will help keep home prices up. For more information on Short Sales in Charlotte, NC, contact Showcase Realty.

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