Pre-foreclosures in Charlotte NC

Pre-foreclosures are on the rise, as are the rest of those types of properties that exist as a result of unethical lending practices and new homes sales techniques. We listed 7 new pre-foreclosure short sales just last week and I hear it every single day from some new distressed homeowner. How they paid 10% too much for their home because the new home builder told them it'd be a great investment or their loan adjusted to 12% making monthly payments impossible. We do have a problem with Short Sales but it's not the agents who are helping these people out of a bad situation who are at fault, it's those people who got them there in the first place. Sure we can say that personal responsibility would help to prevent someone's home from becoming a pre-foreclosure but the truth is, many people just aren't that educated regarding these issues. They barely understand high school math, (not being mean, just a fact) so they have no hope with the residential loan application. But whomever may be to blame for the rise in Charlotte pre-forclosure listings , the fact remains that our economy stinks and a lot of damage was done over the past few years by the lending and new construction industries. The'll be a lot more short sales in Charlotte NC coming soon.

If you happen to be an investor who's looking for an undervalued property, or an agent with investor clients, we have possibly more pre-foreclosures (that you can actually buy) than anyone else. Since we list (on average) about one new pre-foreclosure home per day, we maintain a mailing list of investors and their agents who receive first notification of these homes, even before we place them in the MLS. Just visit www.PreForeclosureWorks.comfor a comprehensive list of our preforeclosure listings and also our sign-up sheet.