A Short Sale in Waxhaw, original $649,000, now 499,000

4200 sf, 4br/4 ba, 2.01 acres, let’s make an offer!

Address is Waxhaw, but very near Weddington, and in fact schools are Weddington Elementary, Weddington Middle and Weddington HS. no pics because we Represent buyers. Email us for full details, please put Waxhaw Short-sale in Subject line.

Custom Features include gourmet kitchen with granite and stainless, beautiful island, built ins, arched passage-ways, and dual staircases, in a classic Georgian style all brick home with 3 car garage.

As a short sale all offers are subject to final bank approval- bank respones rates to Short sales are typically slow- 60 days the norm, but good deals for those who wait. We represent Buyers- on this I’d probably offer about… $470K and see what happens.

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Good information, Smart Buyers and good Buyer agents make great deals happen… call us at 704-351-1519, and let us work your next home purchase… no cost to you!  All homes ONE OF A KIND WHEN ITS SOLD IT IS SOLD, accurate11-5-09

Search Charlotte Foreclosure and Short Sales

Searching for Charlotte Homes? Charlotte Foreclosures? Charlotte Condos?

You’ve come to the right place. There is a traditional search window on the right, and map based below, your choice. The Map Based offers search for New only and Foreclosures

How About Homes sold in Charlotte? This is Your only source for current up to date sales information… DIRECT. This is the only one of it’s kind in Charlotte, and by an agreement out of my control, it requires an email sign up- no big deal here- we don’t spam– but the search results have to bee seen to be believed. Explore. Have fun.

So what are you waiting for, click in the map, and get started… or just Click Charlotte Homes For Sale

Welcome to my first blog post about Charlotte foreclosures, Charlotte short sales and Bank owned property. First Some definitions:

Charlotte Foreclosures

This can have  broad meaning, the way I use it on this site is to mean bank owned homes that have already been foreclosed upon, therefore the buyer offers go to the bank. These are the best deals in Charlotte typically. The bank usually has bought the home for thenote amount, and will take substantially less to get it off their books.

Short Sales

Short sales are defined by the selling of home below the price neded to pay off the loan, and all expenses at closing. These occur before a house goes into foreclosure, happen with lender permission and must be lender approved. The average wait time on a response to an offer is 30 days, and it takes 60-90 days to close. There are oppotunities here for the patient.

REO

REO stands for real-estate owned, or bank owned, or foreclosed property… see above for the definition.

In Foreclosure

Foreclosure is a legal process that varies from state to state. It involves the first step, a Notice of Deamand, and then follows a pattern of notices to the lender and other note holders. Who can put a house in foreclosure? The lien holders- and who are they? Typically the bank(s) who hold the mortgage, the taxing authority and any HOA or Condo assocition.  Each can put the home into foreclosure through legal action for non-payment.  The home then goes to foreclosure, an typically, the note holder buys the house, often at the note amount,  protecting their interest. Home buyers can buy a home here, but unless the note value is way under the house value, it is often better to wait until after the process and it becomes bank-owned.