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No Luck Finding A Charlotte Foreclosure Or Short Sale? Here's Why...
 
Foreclosure and short sales as a percentage of total home sales in the Charlotte, North Carolina region remained very low at 1.3% of total sales in March 2018, down from 2% in February 2018 and down 0.5% compared with March 2017. Closed lender mediated sales for the 12 month period ending March 2018 were just 1.6% of total Charlotte region home sales.
 
If you've been searching for a distressed property bargain in the Charlotte metro area and not finding one, here's why:
                                          
Foreclosure sales were down 27.3% in March 2018 compared with March 2017.
                                                                                                               Short sales were down 65.5% in March 2018 compared with March 2017.
Inventory of foreclosure and short sale properties stood at 1% of total number of homes for sale in the Charlotte region.
Average selling ... more

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