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short sales charlotte nc: Charlotte Short Sales: Answers to Your Short Sale Questions - 05/08/11 11:27 AM
Charlotte Real Estate:  Answers to Your Short Sale Questions

Oh the confusion surrounding short sales!  Here are a few answers to some of the questions which I’ve received recently from clients, owners of Charlotte real estate.
Q:  What is a short sale?
A:  A short sale is when a lender agrees to accept less than what is owed on a home.  For example, you owe $300,000 on your home loan but, your lender will allow you to sell your home for $250,000 due to a hardship status.  
Q:  Who makes up the difference between the short sale price and … (3 comments)

short sales charlotte nc: NEW PRICE on this SHORT SALE STEAL! Cotswold Location in Charlotte NC - 04/25/11 10:19 AM
**Reduced $85K - Short-Sale Steal*** - Spacious 3BR Townhome in Cotswold Location Near Uptown! … (7 comments)

short sales charlotte nc: Why Does a Charlotte SHORT SALE Seller Care if You Write a Low-ball Offer? - 02/26/11 09:03 PM
Why Does a Charlotte SHORT SALE Seller Care if You Write a Low-ball Offer? Buyers and even, more often than we would like to see. their agents don't understand why a seller would care at all about the Offer which they receive on their short sale home for sale.   Why would sellers care about the Offer they receive on their short sale home for sale? First of all, let's be clear about the definition of a short sale:   A short sale occurs when the seller does not have sufficient proceeds to pay off their mortgage.  In order for the transaction to … (49 comments)

short sales charlotte nc: Thinking of Walking Away? What About the Deficiency Judgement? - 12/19/10 04:57 PM
Thinking of Walking Away?  What About the Deficiency Judgement? Many homeowners who are facing foreclosure fail to consider is the possibility of a deficiency judgment.  Deficiency judgments are levied by your former lender, who simply 'sues' you for the balance of what was owed on your mortgage at the time of the foreclosure less the eventual sales price, plus legal expenses, penalties, etc.   If the primary mortgage of $300,000 nets the lender (after foreclosure) $150,000, the amount of the deficiency would be $150,000 + legal fees, penalties, etc. Homeowners facing foreclosure in North Carolina can and are walking away or otherwise … (7 comments)

short sales charlotte nc: JUST REDUCED - The Reserve - Waxhaw NC - SHORT SALE! - 07/11/10 12:47 AM
JUST REDUCED - The Reserve - Waxhaw NC - SHORT SALE! … (12 comments)

short sales charlotte nc: JUST LISTED - Short Sale Townhome in South Charlotte - A MUST See! - 04/11/10 08:31 PM
Spacious Townhome w/Gleaming Hardwoods & Many Upgrades!! … (10 comments)

short sales charlotte nc: NEW SHORT SALE - 3030 South - Amazing Deal on This Live/Work Condo in South End - 02/12/10 09:01 PM
**SHORT SALE STEAL - REDUCED $64K!** Condo in Historic SouthEnd w/Terrific Uptown Charlotte Views - For Sale! … (4 comments)

short sales charlotte nc: JUST LISTED! Short Sale Condo in Factory South - South End CHARLOTTE NC - 02/07/10 12:27 PM
**Short Sale** Loft in South End Charlotte NC Close To Everything!! … (9 comments)

short sales charlotte nc: Can Short Sales Really Be Automated Like Cookie Cutters- One Size Fits All? - 11/24/09 01:24 AM
 
The short sales that I have been exposed to have all required a 'human factor' to get the job done.  Case in point--one that I'm working right now with BOA:  I was told to fax in the package, then told to upload it into the REO-Trans system.  I did so and kept noticing that the information was disappearing.  After several very long phone calls to a Bank of America rep, I wound up putting the information into the system a total of three times before one finally was visable to them--why, I don't know, I could see it just fine!  … (16 comments)

 
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Debe Maxwell - Search Charlotte Homes for Sale - Charlotte NC Neighborhoods

Charlotte, NC

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iCharlotteRealEstate.com Savvy + Company Real Estate

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