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Charlotte North Carolinas Own Real Estate Blog
09/27/08
Property sales down for the 2nd month in Charlotte
Fewer homes sold can cause a serious strain on the Charlotte - Mecklenburg Market.
Charlotte, NC - September 27th, 2008.
According to recent numbers the Charlotte market and North Carolina, South Carolina are really taking a hit with lower sales. Mecklenburg county has a surplus of houses on the market and with the stricted lending practices lenders has started to practice is making it hard to place the right buyer for any particular home.
The number of jobs can’t keep up with the growth in population. It was said that 60,000 new residences choose Charlotte as their place to live. Creating 60,000 new jobs every year for any city not only Charlotte would be almost impossible. Now that creates a serious problem, the current residences are either bumped out of employment.
This growth creates plenty of problems, landlords are now supporting tenants until they can get the Sheriff out; while others that lose employment because of the new growth, their home tailspin into foreclosure. Foreclosure causes lenders to lose money and forced to spend more money.
The current mortgage crisis is threatening the bring down the Charlotte market. The crisis even has Wachovia suffering. There are multiple options available for homeowners to side step the foreclosure auction and their goals should be to get the lenders their money. Don’t make the lender have to take the house back. That’s the biggest smack in the face and lacks integrity.
Homeowners should actively work with their lender to create a quick quite solution. Selling the traditional way by real estate agent recent numbers prove that the old practices are no longer feasible. The number of houses sold in July 2008 (3,080) had fallen from the previous year July 2007 ( 4,200).
According to Carolina Region of realtors shows that 2,469 houses sold in August which came to $ 669,714,796 inventory sold down from July’s 2,721 or $ 610,393,888. These numbers are really scary when there are 30,088 houses on the market in July 2008 which comes out to $ 10,140,657,536 worth of houses on the market, and that’s with a B for Billion.
All this means that not even 10% of the amount of houses on the market have sold by real estate agent. Real estate agents in Charlotte are overwhelmed with the amount of houses on the market. Lenders have tigten the belt on their lending regulations which put the squeeze on real estate agents.
The amount of foreclosures has sent all shockwave through the country and finally busted the bunker of the Charlotte Meclenburg region. Traditional methods of selling through a real estate agent has proven not to be the best answer to the problem.
There a few options avaiable for those owners that find themselves in situations that need unorthodox strategies. Selling your house by owner might be your best solution according to recent numbers. For more answers to your tough housing crisis questions go to Need Answers or call toll free at (888) 219-8619.
09/08/08
Carolina Panthers victorious defeat over the Chargers
Charlotte, NC
I have to admit, I was pleased to see Delhomme was in good physical health in the seanon opener against the San Diego Chargers. He zipped the ball over 250 yards and looked as if he had played all season in 2008. Without the presence of star wide out Steven Smith, he still managed to produce a high number of yards.
Quite a few players showed up for Carolina in the air corp; Mushin, D.J., and suprisenly Rosario and Jarrett, something they missed last year. No doubt D.J. Hackett brought more depth to the team to help ease something of the pressure on Moose and up and coming Jarrett and Rosario. There was one player that i expected to step since he had the second most reception yards for 2008, Jeff King. Although he didn’t go out for a lot of passes, i think his role for the game against the Chargers was for pass protection.
The player of the game has got to go to Dante Rosario for the game winning catch. The second year tight end lead the team with reception. He made some fabulous plays and with the presence of some top gunners Dwayne, DJ and Muhsin definitely got the production without Smitty. Once he returns, if the panthers can keep the positive chemistry, the team should do remarkably well this season. They won one of the toughest games against 2008’s top AFC contenders.
I am so glad the staff made changes in the off season where they were really needed in the receiving corp to get Smitty, King and Williams more help. They also handled the line which had been lacking since the 2003 season. Otah has showed in the first game that he is ready to play with the big boys. There are some many adjustments made that I would have to write another blog about that later.
Ending I want to congratulate the Panthers for a buzzer beating win against the Charges and a standing ovation for Dante Rosario game turning catch.
08/29/08
Democratic Convention from Charlotte, NC
Charlotte, NC -
Barrack Obama is definitely winning popular votes, but will he be able to pull in the Electoral votes? He has a cool name by the way, which is Hebrew for natural born leader with intellectual strength and will be the top of the line. Whomever named that guy really had a plan for him. You don’t get a name like that for nothing.
Everyone is talking about how he raising taxes, but from the convention tonight August 28th, 2008, I heard him mention that he will pursue to eliminate taxes for small businesses. This is huge since a lot of the jobs in Charlotte, NC come from small businesses. That will help strengthen the work place which hopefully will funnel down to the people of those small companies.
John McCain tried to give a brief rebuttal saying how Obama is opposing off shore oiling. I don’t really agree with off shore drilling as well. There is no way to prevent a huge oil leak that can affect life in the sea. There will be some type of seep that may take years to show its ugly head.
A few news reporters feel like Barrack Obama gave the most powerful speak for the democratic party since John F Kennedy.
How did this man grind his way to the top of the democratic party? He used social sites and forums to collect donations. His presence was all over the place, from MySpace, to Facebook, Twitter, Propeller, Stumble Upon, you name it he was there. The donations he collected from all of the networks was enough to push him well ahead of Senator Clinton and the other 6 runner ups.
Obama seems to attack McCain for the first time really hard tonight. You can watch a few of the videos at http://gallery1.demconvention.com/. What really surprised everyone when Obama said “McCain said he would follow Osama Bin Laden to hell, but how is that when he won’t even follow him in the cave he hides out in?". That was a huge statement and I am sure McCain is scrambling for a rebuttal.
Who is going to be the next president?
08/17/08
Stop Foreclosure on your Newark NJ Home now!
Newark, New Jersey - August 17th, 2008
Due to the raise of foreclosures in Newark, we decided to start working on a plan to purchase homes from owners before they lose their homes so they can get some cash instead of losing everything.
We will be networking with our professional associates in the Newark area of NJ, and they will finalize the details. Foreclosure can be a thing of the past when we say we want to buy your house. Most of our offers requires no cash out of the sellers pocket but to line their pockets with cash.
If you are reasonable and want to Stop Foreclosure on your home we can help. Our associates in Newark, NJ can’t wait to get started on buying your house.
Stop Foreclosure in Tampa Fl now!
Tampa, Florida - August 17,2008
We are now buying houses in Tampa Fl as a result of the foreclosure market. It is our goal to set up a purchase option for many Tampa residences that will grant them the relief they need to Stop Foreclosure.
Lenders are becoming harder to work with because they feel like the foreclosure crisis is almost over. When you need a fast solution go to Stop Foreclosure Now to put an end to foreclosure in Tampa, Florida.
Stop Foreclosure in Tampa Fl now!
Tampa, Florida - August 17,2008
We are now buying houses in Tampa Fl as a result of the foreclosure market. It is our goal to set up a purchase option for many Tampa residences that will grant them the relief they need to Stop Foreclosure.
Lenders are becoming harder to work with because they feel like the foreclosure crisis is almost over. When you need a fast solution go to Stop Foreclosure Now to put an end to foreclosure in Tampa, Florida.
08/13/08
Charlotte Real Estate Report - Is Listing your House with an Agent Good?
Charlotte NC - July 2008
If you want to see the stats for July 2008 click on the title to see the report conducted by the Realtor Board.
Real Estate agents in Charlotte want you to believe that listing your home with them is the cure all for selling your home. According to the report for July out of 30,888 active listings only 10% of the homes they had listed actually sold. When you view the numbers that a staggering result. Only 10% of the homes listed by Real estate agents in Charlotte were sold. So roughly 27,788 homes that were on the market never sold. Those 27,788 homes are still sitting on the market in dorment waiting for a buyer to come along an purchase.
I really thought more inventory was moving in the Charlotte, NC area. The numbers don’t lie. It seems like homeowners that really are looking sale aren’t getting any significate results by selling their home through a real estate agent. There were 2,161 smart people that realized selling their homes through an agents wasn’t working like they thought. So almost 7% of the owners that had their house listed pull their home from the market. Thats about right it seems because I was only expecting 5% to pull their listings. Charlotte homeowners seem to be a little smarter than trends across the country. That is probably why as an micro economy we have withheld the test of the time from the mortgage crisis.
We are not out the mud yet. In order for homeowners to get better results, they need to cut their listing agreement they have with their real estate agent and start getting creative to sell their home through these tough times, because in all reality real estate agents aren’t getting the job done.
I am really disappointed that only 10% of the homes on the market have sold. If you dig deeper in the numbers, I am willing to bet that the homes that ended up selling were probably bank owned properties that were smoking deals. If you don’t have much equity or can give buyers the most bang for their buck, you can count on your house sitting on the market for at least 6-10 months. According to the numbers it will take 10 months for all the houses sitting on the market to sell, and thats if no more homes are placed on the market.
So with an average of about 5,000 homes per month in new homes for sale entering the market, majority of the homes won’t sale for at least 18 months. If you feel like your agent isn’t getting it done, then you need to take more methods in to sale your home or get out of the mortgage payments so you can move on.
If you are flexible and want to sell your home in Charlotte in the fastest manner because your real estate agent isn’t getting it done, go to Sell my House Now!
Real estate agents are used to selling houses the traditional way and now is a time where traditional methods aren’t working as effective as they use too. The mortgage smack down has caused a lot of would be buyers to become reluctant. Plus selling your home fast requires you to give buyers concessions and their real estate agents bigger or more bonuses.
With us, we can help you get out of your listing agreement and give you a good fair price for your home. Don’t for your house to sale in the real estate agent network. The numbers show that only 1 out of 10 houses on the market will sell this month. Will your house be the 1 out of 10? Those aren’t very good odds, you have a better chance playing the NC lottery scratch offs. Charlotte homeowners move your house faster buy selling directly to the buyer by going to Sale my Home.
Barack Obama raising Taxes
A lot of people are shooting flack about Obama raising capital gains taxes. I personally thinks it is a good idea when you look at the benefits of Americans as a whole will get. Paying for health and medicine for uninsured is causing a strain on the american economy, plus every other major country has a government backed health care system.
If raising the taxes on capital gains means more healthier Americans then I am with it. A sick econony isn’t good for business and weakens the productivity of the people. I support Obama’s stance on raising taxes, but it is popular belief that lower taxes harvest greater returns for the government. I am sure its something that will have to be looked into.
Any and all opinions are welcomed.
08/04/08
Extreme Makeover Atlanta home is in Foreclosure
Clayton County-
Milton and Patricia Harper entered a sweepstakes like game that resulted in them becoming the winner out of 15,000 other homes to have their home made over. Their home at the time had a septic tank problem which won the opportunity for the popular tv show “Extreme Makeover” take notice to improve their home.
I am not sure, how much their home was worth before the makeover, which couldn’t have more than $125,000 with ranch and split-level style neighborhood to a whooping $725,000 after the game show improved their house in 6 days.
They tore the house down and rebuilt it with the help of volunteers including the Mayor Willie Oswalt. The crew admitted that it would have cost $450,000 to build the 4 bedroom home with 7.5 bath rooms. The new home is considered at mini-mansion at 7,200 spacious sq/ft.
The Harpers take out a construction loan for $450,000 to start up a new business that failed. The Extreme Makeover team raised enough money to pay taxes on the home for the next 25 years and another fund for maintenance to keep the house up.
Now the family that was handed a golden egg, traded their dream home in for a dream business. The house is expected to go to auction on the 11th of Aug.
Their are not a lot of families that would put such a fabulous gift up to start a business. Most families would rather keep the perfect house and work at McDonald’s instead of putting their paid off free and clear house in jeopardy.
This is a lesson for others that receive such a gift to keep the gift and don’t let greed take it away from you.
Extreme Home Makeover - Charlotte, NC is completed
The crew at extreme home makeover have finally completed the Charlotte home in a neighborhood around Charlotte that has been slowly decreasing until recent years. The late eighties and early nineties was the time the community where Sudbury is located was a much sought after area. The neighborhood is between Eastway Dr and Central Ave, and Kilborne and Shamrock Rd.
Around the mid nineties to about 2006 the area has declined to the point most of the area has become rental properties. After 2006 the community realized that area has a pretty decent structure and the type of neighborhood a lot of people would love to live in. Its a closed in neighborhood that once you get inside, it would be hard to find a particular home since there are so many houses. Plus it offers the privacy that a lot of homeowners want.
The extreme makeover crew has really jumpstarted the neighborhood and made one home very attractive. Now the area can expect a boom that has been waiting to happen since 2006. We just pray that the family that was blessed with a madeover home will do the right thing and keep their respnsibities up.
Charlotte is definitely becoming a house hold name across the country. A few years ago people from other states were wondering where is Charlotte? Now with allof the late exposure we can expect more families to want to move here.
Thanks a lot Extreme Home Makeover Charlotte Edition.
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Charlotte North Carolinas Own Real Estate Blog
Attention Homeowners:
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Keep coming by our blog and you will stay on the cutting edge of the market in real time.
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- Affordable Living
By Maura Webber Sadovi
Special to The Wall Street Journal OnlineThe growing Charlotte region is an affordable place to live. The median home price of $169,400 in the first quarter was about 10% below the national average, according to the National Association of Realtors. The area’s overall cost of living is 3% below average while the median household income of $49,228 in 2004 was 11.8% above the U.S. average, according to the consulting firm Economy.com.
This cul-de-sac home in Charlotte offers three bedrooms and two and one-half baths for an asking price of $199,000.
The pace of home appreciation in the Charlotte area continues to moderate. The median price of a single-family home rose about 9.1% in the first quarter, up from $155,300 in the year-earlier period. But in the second quarter the average home price in the region was up 1.6% from the year-earlier period, according to the Carolina Multiple Listing Services, Inc. (CMLS). And in the second quarter, the city of Charlotte itself saw prices edge down slightly about 1.6% to $218,372 from $221,984, CMLS says.Some brokers suggest the large number of new homes and condos may be pushing down prices. “People have choices,” says Brett Furniss, president of Charlotte-based BDF Realty Inc. “It’s classic supply versus demand.”
But David Barnhardt, immediate past president of the Charlotte Regional Realtors Association, said he’s not seeing any slowdown. He suggested some lower-priced areas might be pulling down the averages while the market for well-located higher-priced homes remains strong.
Charlotte Market Snapshot
1st Quarter 2005 1st Quarter 2004
Average single-family home price $213,488 $210,034
Total number sales 9,149 8,034
Average days on market 95 102
Average 30-year fixed int. rate 5.3% 5.85%
Average foreclosure rate 0.52% 0.63%
Apartment monthly rental rate $610.24 $628.29
Average apartment vacancy rate 10.3% 11.7%Sources: Carolina Multiple Listing Services, Bankrate.com, LoanPerformance, Property & Portfolio Research Inc.
- Albemarle Rd - Charlotte, NC We Buy Houses
Charlotte, NC - Albemarle Rd - Hickory Grove Rd - We Buy Houses
We are looking to buy houses in the Albemarle Rd area. Values are sinking and according to family watch dog, Albemarle Rd area has 284 sex offenders. Those amount of sex offenders in the neighborhood can make it really hard to sell a home.The neighborhoods in the area we are looking for is between Albermarle and Hickory Grove Rd. We are also paying a referral fee to anyone that brings us our next deal in the area. The closer to Hickory Grove Rd the better.
As more and more gang members dilute the area, you are going to have to hold on to your house for awhile in order to sale and make a profit. Respectable families with the means to move are getting out of the area.
Don’t get stuck with a house that will bring you down. We can close fast.
- Charlotte Based Bank of America buying out Countrywide Home Loans
Bank of America has been approved by the Federal Reserve to buy out CountryWide Home Loans. This purchase will make the BoFA the largest instituition for accepting deposits.
CountryWide is the second largest subprime mortgage in the US and this is going to be a big move for Charlotte business hopefully. Maybe the BoFA will bring more jobs to the area because we could really used the surge to keep our local economy pumping.
- Democratic Convention from Charlotte, NC
Charlotte, NC -
Barrack Obama is definitely winning popular votes, but will he be able to pull in the Electoral votes? He has a cool name by the way, which is Hebrew for natural born leader with intellectual strength and will be the top of the line. Whomever named that guy really had a plan for him. You don’t get a name like that for nothing.
Everyone is talking about how he raising taxes, but from the convention tonight August 28th, 2008, I heard him mention that he will pursue to eliminate taxes for small businesses. This is huge since a lot of the jobs in Charlotte, NC come from small businesses. That will help strengthen the work place which hopefully will funnel down to the people of those small companies.
John McCain tried to give a brief rebuttal saying how Obama is opposing off shore oiling. I don’t really agree with off shore drilling as well. There is no way to prevent a huge oil leak that can affect life in the sea. There will be some type of seep that may take years to show its ugly head.
A few news reporters feel like Barrack Obama gave the most powerful speak for the democratic party since John F Kennedy.
How did this man grind his way to the top of the democratic party? He used social sites and forums to collect donations. His presence was all over the place, from MySpace, to Facebook, Twitter, Propeller, Stumble Upon, you name it he was there. The donations he collected from all of the networks was enough to push him well ahead of Senator Clinton and the other 6 runner ups.
Obama seems to attack McCain for the first time really hard tonight. You can watch a few of the videos at http://gallery1.demconvention.com/. What really surprised everyone when Obama said “McCain said he would follow Osama Bin Laden to hell, but how is that when he won’t even follow him in the cave he hides out in?". That was a huge statement and I am sure McCain is scrambling for a rebuttal.
Who is going to be the next president?
- Gateway to new blogs.
Follow this link to find some of the most intriguing blogs. Technorati Profile.
- Out on the town
If you are wondering where the trendy places to hang out in Charlotte, or a place where you can be romantic and surprise your love ones, theres a site i want you to know about.
Click on City Life in Charlotte to find out answers to your questions about dining, bars, family spots.
If you don’t know where to go or what to do, then go to the site and search away.
- Stop Foreclosure on your Newark NJ Home now!
Newark, New Jersey - August 17th, 2008
Due to the raise of foreclosures in Newark, we decided to start working on a plan to purchase homes from owners before they lose their homes so they can get some cash instead of losing everything.
We will be networking with our professional associates in the Newark area of NJ, and they will finalize the details. Foreclosure can be a thing of the past when we say we want to buy your house. Most of our offers requires no cash out of the sellers pocket but to line their pockets with cash.
If you are reasonable and want to Stop Foreclosure on your home we can help. Our associates in Newark, NJ can’t wait to get started on buying your house.
Learn about Charlotte
- Charlottes First Immigration Court
Charlotte has announced it will be opening its first immigration courts in Charlottes history. Sometime next the 1,500 inmate intake will be to help administer trials for immigration review. The closest immigration court was in Atlanta Georgia.
Its estimated that North Carolina is the ranked 8th in illegal immgration poplulation with between a half million to over three quarters of a million.
The judge will be appointed by the Executive Office for Immigration Review who homebase is at the capitol.
- Meet your Neighbors around Charlotte and get your Answers
Get all the information you want about Charlotte and some of the things going on from people that live there. On this forum there are people giving their views about anything you can think about; Governement, Politics, Fishing Holes, Dentist, or what ever else that can help you make an informed decision.
Go to City Data to learn more and interact with others in your area.
- Poetry E-Motions around Charlotte, North Carolina!
Poetry is becoming a past time for crowds around Charlotte. You have lounges where couples or groups of friends go to hear poetry. Most poets express themselves through words. Through those words they can release so much negative stress in way that allow others to release their stress and see that they aren’t the only ones going through it.
A good poet can add a philosophy that may positively motivate you in way or in a form that may not have been an option. Poetry can be a beautiful thing. Now Charlotte is becoming a city that is welcoming live poetry. 10 years ago I don’t think you watch some real live poets meeting in one place to tell their story.
These lounges are a relaxed atmosphere to kick back have a few colas and feel the vibe. You can feel a lot of different energies that make you want to get on stage to let people know about you.
Through networking i have come a poetry group that hold sessions a few times a year. I am waiting for the marketing operator to get me more details about the different events, so if you like poetry this will be the venue for you.
You can network and meet people that feel the same as you.
Stay posted for more details.
- Read the Charlotte Observer online
If you don’t have time to read the charlotte observer, you can always go online to get the latest scoop of what is going on around Charlotte by going to www.Charlotte.com, you can also click on the title of this blog.
General Topics
- Barack Obama raising Taxes
A lot of people are shooting flack about Obama raising capital gains taxes. I personally thinks it is a good idea when you look at the benefits of Americans as a whole will get. Paying for health and medicine for uninsured is causing a strain on the american economy, plus every other major country has a government backed health care system.
If raising the taxes on capital gains means more healthier Americans then I am with it. A sick econony isn’t good for business and weakens the productivity of the people. I support Obama’s stance on raising taxes, but it is popular belief that lower taxes harvest greater returns for the government. I am sure its something that will have to be looked into.
Any and all opinions are welcomed.
- Carolina Panthers victorious defeat over the Chargers
Charlotte, NC
I have to admit, I was pleased to see Delhomme was in good physical health in the seanon opener against the San Diego Chargers. He zipped the ball over 250 yards and looked as if he had played all season in 2008. Without the presence of star wide out Steven Smith, he still managed to produce a high number of yards.
Quite a few players showed up for Carolina in the air corp; Mushin, D.J., and suprisenly Rosario and Jarrett, something they missed last year. No doubt D.J. Hackett brought more depth to the team to help ease something of the pressure on Moose and up and coming Jarrett and Rosario. There was one player that i expected to step since he had the second most reception yards for 2008, Jeff King. Although he didn’t go out for a lot of passes, i think his role for the game against the Chargers was for pass protection.
The player of the game has got to go to Dante Rosario for the game winning catch. The second year tight end lead the team with reception. He made some fabulous plays and with the presence of some top gunners Dwayne, DJ and Muhsin definitely got the production without Smitty. Once he returns, if the panthers can keep the positive chemistry, the team should do remarkably well this season. They won one of the toughest games against 2008’s top AFC contenders.
I am so glad the staff made changes in the off season where they were really needed in the receiving corp to get Smitty, King and Williams more help. They also handled the line which had been lacking since the 2003 season. Otah has showed in the first game that he is ready to play with the big boys. There are some many adjustments made that I would have to write another blog about that later.
Ending I want to congratulate the Panthers for a buzzer beating win against the Charges and a standing ovation for Dante Rosario game turning catch.
- Charlotte Real Estate Report - Is Listing your House with an Agent Good?
Charlotte NC - July 2008
If you want to see the stats for July 2008 click on the title to see the report conducted by the Realtor Board.
Real Estate agents in Charlotte want you to believe that listing your home with them is the cure all for selling your home. According to the report for July out of 30,888 active listings only 10% of the homes they had listed actually sold. When you view the numbers that a staggering result. Only 10% of the homes listed by Real estate agents in Charlotte were sold. So roughly 27,788 homes that were on the market never sold. Those 27,788 homes are still sitting on the market in dorment waiting for a buyer to come along an purchase.
I really thought more inventory was moving in the Charlotte, NC area. The numbers don’t lie. It seems like homeowners that really are looking sale aren’t getting any significate results by selling their home through a real estate agent. There were 2,161 smart people that realized selling their homes through an agents wasn’t working like they thought. So almost 7% of the owners that had their house listed pull their home from the market. Thats about right it seems because I was only expecting 5% to pull their listings. Charlotte homeowners seem to be a little smarter than trends across the country. That is probably why as an micro economy we have withheld the test of the time from the mortgage crisis.
We are not out the mud yet. In order for homeowners to get better results, they need to cut their listing agreement they have with their real estate agent and start getting creative to sell their home through these tough times, because in all reality real estate agents aren’t getting the job done.
I am really disappointed that only 10% of the homes on the market have sold. If you dig deeper in the numbers, I am willing to bet that the homes that ended up selling were probably bank owned properties that were smoking deals. If you don’t have much equity or can give buyers the most bang for their buck, you can count on your house sitting on the market for at least 6-10 months. According to the numbers it will take 10 months for all the houses sitting on the market to sell, and thats if no more homes are placed on the market.
So with an average of about 5,000 homes per month in new homes for sale entering the market, majority of the homes won’t sale for at least 18 months. If you feel like your agent isn’t getting it done, then you need to take more methods in to sale your home or get out of the mortgage payments so you can move on.
If you are flexible and want to sell your home in Charlotte in the fastest manner because your real estate agent isn’t getting it done, go to Sell my House Now!
Real estate agents are used to selling houses the traditional way and now is a time where traditional methods aren’t working as effective as they use too. The mortgage smack down has caused a lot of would be buyers to become reluctant. Plus selling your home fast requires you to give buyers concessions and their real estate agents bigger or more bonuses.
With us, we can help you get out of your listing agreement and give you a good fair price for your home. Don’t for your house to sale in the real estate agent network. The numbers show that only 1 out of 10 houses on the market will sell this month. Will your house be the 1 out of 10? Those aren’t very good odds, you have a better chance playing the NC lottery scratch offs. Charlotte homeowners move your house faster buy selling directly to the buyer by going to Sale my Home.
- Charlotte, North Carolina - Foreclosure Prevention
Charlotte, NC-
This message is for homeowners that can to keep their homes. If you are facing foreclosure or think your lender might serve the forelosure paperwork, there is free help available. Hud provides free foreclosure counselors that will assist owners looking to prevent their home from being repossessed.
Foreclosure is becoming a common word in North Carolina especially around Charlotte. There are some families that can’t afford their homes no matter what type of assistance they get. Others come across temporary hardships and need to go get the right help for foreclosure prevention.
Some companies have adopted foreclosure prevention as they source of business. They normally are not licensed to provide a prevention service. Their foreclosure prevention service is different. They work directly with your lender and charge a hefty fee to do so. Another name they call themselves are loss mitigation companies.
Those are companies that you really don’t need to mess with, unless they follow the NC Statute for being a debt negotiator. One law that stands out is if a companies wants to act as a debt negotiator, they aren’t supposed to charge a fee until they have provided some type of service.
There aren’t a lot of those types of private companies that follow the rules because they don’t think homowners know the law. If they insist on being paid upfront, more than likely they are not a legit company. Also, only pay a portion of their fee no more than $250 for submitting the paperwork. Make sure you follow up with your lender to make sure they submitted the information they collected.
Most of the companies I have heard of that provide the loss mitigation and foreclosure prevention service charge around $1,200-4,500. Loss Mitigations or Foreclosure prevention companies perform minor task that you can easily do. They call the lenders, find out who is in charge and send them the paperwork. They usually lead you to believe they have some contact there that can arrange things you can’t.
Don’t believe that unless they have past clients that will testify to their bogus claims, or ask for the contacts name if they want your business. If they really do have a contact, their contact wouldn’t go over their head because the contact isn’t allowed to collect a fee from you. If they refuse to provide you with a contact name and number then pass on that company, since they were dishonest.
There is some free help you can receive from non-profit companies that give you a quality service that you don’t have to pay for. One website comes to mind that has a collection of the different governmental agencies that you can help you prevent foreclosure with guidance. You can go to North Carolina Housing Organization. View their site and see what kind of free help you can get. Don’t pay for a loss mitigation or foreclosure prevention service, because they have a high fell rate and if they aren’t able to stop the foreclosure, then you will miss the money you paid out.
If you are a homeowner that just can’t afford your house or want out of your mortgage, we can buy your home. We work with homeowners in foreclosure by setting up the purchase so homeowners can stop paying their mortgages. Go to the site above but you need to sale your house then go to our website at Make me an Offer. We will review your house to see if it is one we will be able to purchase. Don’t worry if you are overfinanced or have little equity, sometimes those are small problems.
- Charlottes New Real Estate Forum
Real Estate Forum-Get your questions answered about any housing questions you may have at our new site.
We encourage everyone that visit this blog to ask and post answers to help build a wonderful experience.
- Christmas Time in Charlotte, North Carolina
I just want to wish everyone that reads this blog a wonderful Christmas with a fabulous new year on behalf of Buyers of Charlotte.
This is a reminder that we are giving referral fees to anyone that leads us to our next house purchase. We are also able to list any house you may have on our blog and two other sites for added exposure.
We are striving to be your one size fit all real estate firm. Remember to keep an ear open for houses for sale. You never know when a $500 deal will fall into your lap.
- Eagle Landing Neighborhood in Charlotte, North Carolina
Charlotte, NC
Donte MazyckEagle Landings is becoming a neighborhood in Charlotte that is starting to stagnate in property values. As more and more people are being pushed to the west side of town, the Toddville area is becoming saturated with the type of people that are being run away from center city.
Around 5-8 years ago, downtown Charlotte was still pretty rough. The tenants that used to live in the center part of town are being moved to pockets of the city that are patrolled less by law enforcement. Those types of areas breed criminal activity.
As the west side gets more attention in area 9 of town, is becoming the least desirable side of town, such as Idlewild and Albemarle Rd. These are going to be the areas where homeowners are going to be stuck with their properties if they don’t sale before it’s too late.
When it’s too late those owners will have to slash their asking prices to sale their hse within a few months.
As a buyer in the Charlotte market we are looking for homes in the Eagle Landings area, as well as, Albemarle Rd and Idlewild Rd. We would love to buy any unwanted homes in that area, because we are willing to wait for that market to turn around. If you don’t have years to wait, contact us for a fast cash offer, by going to http://www.buyersofcharlotte.com.
- Extreme Home Makeover - Charlotte, NC is completed
The crew at extreme home makeover have finally completed the Charlotte home in a neighborhood around Charlotte that has been slowly decreasing until recent years. The late eighties and early nineties was the time the community where Sudbury is located was a much sought after area. The neighborhood is between Eastway Dr and Central Ave, and Kilborne and Shamrock Rd.
Around the mid nineties to about 2006 the area has declined to the point most of the area has become rental properties. After 2006 the community realized that area has a pretty decent structure and the type of neighborhood a lot of people would love to live in. Its a closed in neighborhood that once you get inside, it would be hard to find a particular home since there are so many houses. Plus it offers the privacy that a lot of homeowners want.
The extreme makeover crew has really jumpstarted the neighborhood and made one home very attractive. Now the area can expect a boom that has been waiting to happen since 2006. We just pray that the family that was blessed with a madeover home will do the right thing and keep their respnsibities up.
Charlotte is definitely becoming a house hold name across the country. A few years ago people from other states were wondering where is Charlotte? Now with allof the late exposure we can expect more families to want to move here.
Thanks a lot Extreme Home Makeover Charlotte Edition.
- Extreme Makeover Atlanta home is in Foreclosure
Clayton County-
Milton and Patricia Harper entered a sweepstakes like game that resulted in them becoming the winner out of 15,000 other homes to have their home made over. Their home at the time had a septic tank problem which won the opportunity for the popular tv show “Extreme Makeover” take notice to improve their home.
I am not sure, how much their home was worth before the makeover, which couldn’t have more than $125,000 with ranch and split-level style neighborhood to a whooping $725,000 after the game show improved their house in 6 days.
They tore the house down and rebuilt it with the help of volunteers including the Mayor Willie Oswalt. The crew admitted that it would have cost $450,000 to build the 4 bedroom home with 7.5 bath rooms. The new home is considered at mini-mansion at 7,200 spacious sq/ft.
The Harpers take out a construction loan for $450,000 to start up a new business that failed. The Extreme Makeover team raised enough money to pay taxes on the home for the next 25 years and another fund for maintenance to keep the house up.
Now the family that was handed a golden egg, traded their dream home in for a dream business. The house is expected to go to auction on the 11th of Aug.
Their are not a lot of families that would put such a fabulous gift up to start a business. Most families would rather keep the perfect house and work at McDonald’s instead of putting their paid off free and clear house in jeopardy.
This is a lesson for others that receive such a gift to keep the gift and don’t let greed take it away from you.
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