charlotte nc short sales: Everything You Need to Know When Buying a Home as a Short Sale
- 04/17/22 06:01 PM
Maybe you’ve come across Charlotte, NC homes listed as ‘short sales.’ So what are they? Short sale homes are properties sold at a price lower than what is owed on the mortgage. These sales are initiated by the seller, which makes them different from lender-initiated foreclosures. Short sale homes are often heavily discounted in price, and the competition from other buyers is often low. However, buying a short sale property takes longer to complete. Homes are sold as-is, which requires more effort on the seller’s part. Before you go ahead and look for short sale homes, it will help to know everything about them … (0 comments)
The most common alternative to a Short Sale in Charlotte, NC will most likely end up with a new payment plan, loan modification, and in some cases, foreclosure of the property.
In a short sale, the property is purchased by a 3rd person (not the lender), and all proceeds go to the lender. The lender either forgives the difference or obtains a deficiency judgment. This might order the borrower … (4 comments)
charlotte nc short sales: How Long Does a Short Sale Stay on Your Credit Report in Charlotte NC?
- 01/15/21 01:16 AM
A short sale is a favorable alternative to a foreclosure. This is especially true as in regards to its impact on the homeowner’s credit score. A short sale in North Carolina can remain on your credit report for up to 7 years. But, with proper management, it is possible to get a new mortgage in as little as two years.
There are two options for anyone who is completely unable to pay their mortgage. It can either end up in foreclosure or end in a short sale. However, not everyone may be able to secure a short sale. For those who do, … (5 comments)
Are you having problems with making your monthly mortgage payments? You may be considering what to do next. You can either choose a short sale or a foreclosure. However, before you make any decision, it’s important to know the facts.
How do foreclosures and short sales work?
When a homeowner misses three to six months of payment, the lender will record a notice of default. The homeowner will be notified that he is facing a foreclosure and he will be given a reinstatement period to make things right by paying off debts. If the mortgage … (1 comments)
charlotte nc short sales: 👍Why You Should Choose Us to Be Your Charlotte Short Sale Agents
- 01/30/18 05:33 PM
A short sale is no small task.Are you a struggling homeowner facing foreclosure? Are you thinking about selling your home in a short sale? Before making any decisions, it’s important to consider all options. Make sure a short sale is the best choice given your unique situation.
Understanding Short SalesA short sale is the sale of real estate that generates proceeds less than the amount owed on the property. The lender agrees to let you sell the property and to accept the proceeds in exchange for releasing the mortgage lien. In this kind of transaction, your Charlotte short sale agent will … (0 comments)
charlotte nc short sales: ✋What Are the Top Mistakes Sellers Should Avoid in a Short Sale?
- 01/21/18 04:20 PM
Are you considering a short sale? Do you need to sell your underwater Charlotte NC home? A short sale is a great option. Although it is neither quick nor stress-free, it provides homeowners a way to get out of a difficult mortgage situation and avoid foreclosure.
However, if not handled properly, the deal can fall through, backfire, and even end in foreclosure.
If you are seriously considering doing a short sale, you need to steer clear of these common seller mistakes:
Mistake #1: Incorrect Pricing For a Charlotte short sale to be successful, your home should be priced appropriately, not too high and not … (2 comments)
charlotte nc short sales: The Top 3 Things to Consider in Hiring a Charlotte Short Sale Agent
- 12/20/17 05:42 PM
We deliver you words to live by on how to be successful in your quest to sell your short sale house! When it comes to essential things like selling a house, we all want to be pedantic. One of the things you should be exact about when you’re opting for a short sale is hiring an agent.
A short sale is not an easy task, it requires a lot of skill and experience to make it work. It’s not enough to hire a short sale agent in Charlotte just by choosing the first one you see online. We'll help you determine how to … (0 comments)
charlotte nc short sales: Charlotte Short Sale Agents
- 12/07/17 02:34 PM
Are you looking for an answer to your mortgage problems? A short sale may be a good option if you need to sell your home but find that you owe more on your mortgage than the current estimated value of the property. It is an agreement between you and your lender that the lender will accept less than the full payoff amount for your mortgage.
These days, short sales are becoming more and more popular throughout the country with a noticeable increase in many states. However, many people are still unfamiliar with it.
Once you have determined that a short sale is the … (0 comments)
charlotte nc short sales: Charlotte NC Short Sales
- 11/27/17 04:58 PM
What is a Charlotte NC short sale? A short sale means selling your property for less amount than what you actually owe on your mortgage.
Now, this is not a rock bottom real estate situation, most experts say it is a lot smarter than pursuing more serious measures like foreclosure or bankruptcy. If you can’t find the relevance of this, you may be surprised to read these benefits:
Your credit will not be hurt as much as it will be with a foreclosure. You will be able to apply for a loan to buy a new home much sooner with a … (0 comments)
charlotte nc short sales: Invest In Charlotte Real Estate In 2014: 4 Reasons It's A Great Year
- 01/06/14 03:56 AM
Have you seen the news reports about big investors sweeping through Charlotte buying up hundreds of properties? And if you’re like me, were you left wondering, “How do I get in on the action?” Now that the big investment companies have slowed down, some people have said that the time to buy is behind us.
I’m here to tell you that they’re wrong! Forbes ranked the top 20 U.S. Cities that were the best places to invest in housing in 2014; Ranking the Charlotte-Concord-Gastonia area No. 3!
Why? Without these big investment companies, there is more opportunity … (0 comments)
charlotte nc short sales: 7 Common Reasons Why Some Charlotte NC Short Sales Don't Sell
- 10/11/13 12:18 AM
Knowing the reasons behind why some Charlotte short sales don’t sell will help you as a seller avoid these common mistakes and make sure your short sale home won’t be sitting out on the market for too long. Here are the 7 most common mistakes you should avoid in selling your Charlotte short sale home: 1. Setting the Wrong Price Some Charlotte short sales are prices too high, some are too low, but short sales that sell quickly are those that are priced just right. Since short sales are different from traditional real estate sales, remember that your price must be attractive … (0 comments)
charlotte nc short sales: How to Minimize Loss from a Charlotte Short Sale
- 09/19/13 01:54 AM
If you are planning on a Charlotte NC short sale, you may be wondering how to minimize loss from a short sale. Although it is the lender who takes the losses in a Charlotte short sale, sellers could also have losses once the lender holds them liable for any difference between what the seller receives after the short sale and the amount the seller still owes in mortgage. This is called a deficiency judgment. Losses also happen when sellers accept low-ball offers that go way beyond the market value of their Charlotte short sale. Here are some tips on how to … (2 comments)
charlotte nc short sales: Charlotte NC Short Sale Sellers – How to NOT Lose your Buyer!
- 09/05/13 11:09 PM
Charlotte short sale sellers- How to NOT lose your buyer! If it’s your first time to sell a Charlotte short sale home, there are probably a hundred things running through your mind, and one of them is “how do I not lose my buyer to all the competition?” Follow these four easy ways on how to avoid losing your buyer for your Charlotte short sale transaction: 1. Make an addendum that the buyer must sign before submitting the Charlotte short sale package to the bank. Outline all the possible things that the bank may disapprove as part of the Charlotte short … (0 comments)
Many real estate markets are experiencing higher buyer demand than supply. In Charlotte, N.C., we currently have a 5 ½ month supply of homes; less than a 6 month supply is considered a Sellers’ Market. A good house in this market will likely receive multiple offers. Follow these strategies to prevail in a bidding war. 1. Submit your highest and best offer as soon as possible. I am often asked, “Will I get a second chance or will the seller counter my offer?” Probably not, the Seller will likely … (2 comments)
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Maybe you’ve come across Charlotte, NC homes listed as ‘short sales.’ So what are they? 
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