Debunking the Forbearance and Foreclosures Myths in 2021 Many homeowners had their lives turned topsy-turvy nearly a year ago with their economic stability, completely disrupted. In the beginning of the COVID pandemic, economic uncertainties were first and foremost in most American’s minds. The government very quickly responded to that angst, putting into place forbearance plans. They were available to homeowners who had experienced job loss and/or economic hardships, allowing them to remain in their homes, without making their monthly mortgage payments. Some who signed up for … Continue reading...
4 Acronyms You Need to Know with Regards to Charlotte Short Sales
Successful Short Sales in Charlotte: 4 Acronyms You Need to Know Knowledge is power. That’s true whether you’re running a Fortune 500 Company or involved in a short sale in Charlotte NC. Whether you’re the buyer or a seller, working with short sales or any distressed properties can be a bit of a challenge. We’re here to help minimize the stress involved in the short sale process. To increase your level of knowledge and success when working with short sales in Charlotte, here are the definitions and important information for four acronyms: BPO: This stands for Broker Price Opinion A BPO … Continue reading...
Charlotte Foreclosure Listings Explained
Why Are The Foreclosure Properties That Charlotte Home Buyers Find NOT For Sale? Q: I recently found this property listed as a foreclosure on a national real estate site. Can I see this property? I have cash and am ready to buy it TODAY! A: The property in which you are inquiring is either bank-owned or quite possibly, not for sale now, nor will it be in the foreseeable future. Information that you have found from online aggregate sites often mistakenly advertise that the bank has foreclosed on a particular property. That property, if it is bank-owned, will be placed on the market just … Continue reading...
Real Estate Investing: Buying Charlotte Foreclosures
Real Estate Investing: Buying Charlotte Foreclosures According to a nationwide survey from Move, Inc., Charlotte real estate investors are likely to be three times more active than other types of homebuyers in their local markets within the next two years. If you’re one of those soon-to-be real estate investors, you may want to consider buying Charlotte foreclosures. Here are a few tips to help you get the best buy on a Charlotte Foreclosure: Don’t judge Charlotte foreclosures by their appearance. A million dollar mansion may have a beautiful façade but may be hiding extensive termite … Continue reading...
3 Tips for Buying Charlotte Foreclosures
3 Tips for Buying Charlotte Foreclosures Despite all the horror stories you hear on the news, buying Charlotte foreclosures doesn't have to be a negative experience. Here are 3 tips to make the process smoother and more profitable for you: Tip #1: Allow plenty of time for the whole process. Charlotte foreclosures take longer to get to closing than traditional homes. What takes so long? As you probably know, there are a lot of foreclosures happening now. That means there is a large backlog of foreclosures lenders have to process before they get to yours. Another common problem that … Continue reading...
Real Estate Investing: Buying Charlotte Foreclosures
Real Estate Investing: Buying Charlotte Foreclosures According to a nationwide survey from Move, Inc., real estate investors are likely to be three times more active than other types of homebuyers in their local markets within the next two years. If you’re one of those soon-to-be real estate investors, you may want to consider buying Charlotte foreclosures. Here are a few tips to help you get the best buy in a Charlotte foreclosure: Don’t judge Charlotte foreclosures by their appearance. A million dollar mansion may have a beautiful façade but may be hiding extensive termite damage to its … Continue reading...