Charlotte Real Estate Voice
Everything you need to know about real estate in Charlotte North Carolina
405 Farm Branch Drive, Fort Mill SC
Don't miss the opportunity to see this exceptionable property in desirable Fort Mill. Comfortably exquisite home - just under 6,000 sf on 1.4 acre. Quiet, wooded privacy on pond. Wonderfully light open floor plan includes master on main with spacious bath and oversized custom closet. Inviting gourmet kitchen adjoins keeping room and breakfast area perfect for entertaining. Separate dining and family rooms, study and office/tech center. Additional 3 bedrooms and 3 1/2 baths - plus even more versatile space which could be easily converted to 2 more bedrooms and/or teen/in-law suite (including private access ...
Buying Foreclosure Properties in Charlotte, NC
According to U.S. World News, "More than a million foreclosed and "distressed" properties are expected to hit the market this year from two-bedroom starter homes to 20-room mansions." Typically, the bank will hire a real estate agent to sell the property and many times for much less than what was owed on it. If you are looking to purchase a foreclosure property in Charlotte, North Carolina, the first thing you need to do is find a qualified real estate agent who knows how navigate the foreclosure acquisition process. That person is Leigh Brown, a professional real estate agent serving the Charlotte metro area. Know the Market Value of ...
Beware of Foreclosure Scams – Charlotte North Carolina
In these tough economic times, many homeowners are facing possible foreclosure. Consequently, foreclosure rescue scams that target families who have fallen behind on their mortgage payments are on the rise across the nation. Unsuspecting homeowners need to beware of foreclosure scams artists who make false promises to save their homes. Instead, they cause financial damage, heartache and hardship. If you are facing possible foreclosure and are seeking professional assistance, you need to make sure the company offering to help you is legit. You need to know who you are dealing with and what you are paying for. If you are aware ...
Quickening the Short Sale Process with Standardization
There has been much caviling in the past few years from homeowners and realtors about inconsistencies and the time it takes to process a short sale. Lack of Short Sale Standardization In response to the situation, the National Association of Realtors® (NAR) created a task force to address the the lack of standardization from one lender and servicer to another. The NAR recommended a more standardized approach to the short sale process with nationally uniform documents, specific time frames and also provides financial incentives for key players, including: Homeowners who successfully complete a short sale under the program receive $1,500 to augment relocation costs Investors get ...
FHA’s 90-Day Seasoning Requirement is Temporarily Lifted
HUD announced that it will temporarily suspend the 90-day seasoning requirement (waiting period) for property re-sales financed with FHA loans. The 90-day wait has made it more difficult for FHA borrowers to bid on foreclosures, thus, slowing down the housing recovery. Why the 90-Day Seasoning Requirement was Established The reason why HUD established the 90-day wait in 2003 was to protect FHA’s mortgage insurance program from predatory lending practices and the impacts of investor house flipping. The policy did not apply to properties repossessed by Fannie Mae, Freddie Mac or state/federally chartered financial institutions. A Move in The Direction of Housing Recovery It is hoped that the FHA’s ...
The Skinny on Short Sales Charlotte NC
As more and more foreclosure properties flood the market due to the economy, job loss and a decline in home prices, many sellers are looking to short sales as a way to avoid foreclosure themselves. What is a Short Sale? In a short sale transaction, the lender agrees to accept less than what is owed on the mortgage by the current homeowner. Lenders will usually only agree to a short sale if the property owner is many months behind on their mortgage. The lender(s) and the homeowner strike a deal and typically, the difference is forgiven by the lender(s). In some cases, the homeowner ...
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Latest Homes For Sale
1008 Rural Farm Rd Indian Trail NC 28079 Short Sale
1008 Rural Farm Rd Indian Trail NC 28079 MLS #913499 is a once in a lifetime Short Sale located at Fieldstone Farm. It has a fenced level...
121 Lake Davidson Park Davidson NC 28036 MLS 859172 Home For Sale
121 Lake Davidson Park Davidson, North Carolina 28036 MLS #859172 Home For Sale with a courtyard that is private and fully fenced in! The...
6400 Pharr Mill Road Harrisburg NC 28075 MLS 909604
6400 Pharr Mill Road Harrisburg NC 28075 MLS #909604 is a magnificent historic home that has been renovated recently. Built in 1915, it...
7325 Howell Ridge Huntersville NC 28078 MLS 907584 Foreclosure
7325 Howell Ridge Huntersville NC 28078 MLS # 907584 is located within the gated community Lynn Estates. It a perfect opportunity for home...
Real Estate News
USDA Rural Home Loan Program Helps Low Income Families with Affordable Housing
Many rural households across America are economically challenged, mainly because they are not in close enough proximity to good paying job opportunities. As more individuals and families are forced to move to big cities for employment, fewer people are left to continue the farming business and commercial activity in these rural farming communities. The United States Department of Agriculture (USDA)... [Read more...]
Commercial Real Estate Delinquencies & Defaults on the Rise
Although the U.S. housing market is showing glimmers of recovery, the commercial real estate sector is another story. The weak economy, rising unemployment rate, falling real estate values and more stringent than ever underwriting standards have made refinancing much more difficult for commercial real estate property owners. Phillip F. Blumberg, chairman of Blumberg Capital Partners, says that... [Read more...]
Buying a Home and Your Credit Score
Once you’ve decided to buy a home, the first thing you will need to do is assess your financial situation and qualify for a home loan. A mortgage broker is going to take your credit and income information and then create a profile on you as a long-term borrower. Your credit score is a one of the key components lenders use to determine how much of a risk you are. Fair, Isaac and Co or FICO scoring... [Read more...]
Quickening the Short Sale Process with Standardization
There has been much caviling in the past few years from homeowners and realtors about inconsistencies and the time it takes to process a short sale. Lack of Short Sale Standardization In response to the situation, the National Association of Realtors® (NAR) created a task force to address the the lack of standardization from one lender and servicer to another. The NAR recommended a more standardized... [Read more...]
Don’t Miss the 6th Annual Greater Charlotte Home & Landscape Show
If you’re looking for a little inspiration or more curb appeal for your home, you don’t want to miss the 6th Annual Greater Charlotte Home & Landscape Show. The popular event starts Friday January 29 – 31, 2010 and will be held at the Cabarrus Arena and Events Center in Concord, NC. The event is suitable for the entire family and will feature thousands of square feet of innovative... [Read more...]
Realtors Step Up to the Plate in Donations for Haiti’s Countless Victims
“Realtors Build Communities and there is no better time to do that in Haiti.” According to United Nations data issued on Tuesday, more than 1.2 billion dollars have already been pledged in aid funding to devastated Haiti, struggling to recover from last week’s deadly earthquake. International organizations, individuals, countries and private companies have generously donated funds while others... [Read more...]
FHA’s 90-Day Seasoning Requirement is Temporarily Lifted
HUD announced that it will temporarily suspend the 90-day seasoning requirement (waiting period) for property re-sales financed with FHA loans. The 90-day wait has made it more difficult for FHA borrowers to bid on foreclosures, thus, slowing down the housing recovery. Why the 90-Day Seasoning Requirement was Established The reason why HUD established the 90-day wait in 2003 was to protect FHA’s... [Read more...]
This Week’s Primary Mortgage Market Survey® (PMMS) Results
Freddie Mac released its Primary Mortgage Market Survey® (PMMS) results yesterday. Every week, Freddie Mac surveys approximately 125 lenders on rates and points they are quoting for their most popular mortgages, including 30-year fixed rate, 5/1 hybrid amortizing adjustable rate, 15-year fixed rate and 1-year amortizing adjustable rate mortgages. The PMMS is based on prime conventional conforming... [Read more...]
The Skinny on Short Sales Charlotte NC
As more and more foreclosure properties flood the market due to the economy, job loss and a decline in home prices, many sellers are looking to short sales as a way to avoid foreclosure themselves. What is a Short Sale? In a short sale transaction, the lender agrees to accept less than what is owed on the mortgage by the current homeowner. Lenders will usually only agree to a short sale if the property... [Read more...]
Rise in Bankruptcy Filings Due to Unemployment and Housing Market
There were a total of 1.41 million bankruptcy filings in 2009, a 32% increase in personal filings from the previous year. It marked the highest number of filings since the bankruptcy laws were changed in 2005, making it more difficult to file. The economy has pushed more and more Americans into economic distress with a declining housing market and an unemployment rate of over 10%. Many households... [Read more...]
A Trial Mortgage Loan Modification Can Damage Your Credit – Know The Facts
Homeowners who are behind on their mortgage payments or struggling to keep them current may be considering a trial loan modification. President Obama’s mortgage rescue plan is intended to help homeowners avoid foreclosure. The plan reduces monthly payments to no more than 31% of eligible borrowers’ pre-tax income or gives borrowers the opportunity to refinance their mortgage even if... [Read more...]
Pending Home Sales Dropped 16 Percent after Rising for Nine Straight Months
According to the National Association of Realtor’s (NAR) Pending Home Sales Index (PHI), there was a drop of 16%, after rising for nine consecutive months. The NAR index is based on pending contracts of existing home sales, including single-family homes and condominiums. A home sale is considered pending when the contract has been signed but the transaction hasn’t closed. A contract typically... [Read more...]
Lennar Caldwell Commons Community Now Officially Open For Sale In Charlotte
Charlotte, N.C. (January 4, 2010) – Lennar, one of the strongest names in the homebuilding industry, is celebrating the opening of its newest community in Charlotte continuing its increased commitment in the city. Lennar’s new homes in Caldwell Commons are located in Northeast Charlotte in the highly desirable University area. The community will offer two-story homes with 3 to 4 bedrooms, 2.5... [Read more...]
Why 2010 is the Perfect Time to Relocate to Charlotte, NC!
Charlotte is the largest city in North Carolina and is consistently ranked as one of the best cities to live, raise a family, work and play in the U.S. The “Queen City” is considered to be a hub for finance and technology and is also known for its educational and housing resources, culture, modest climate, beautiful parks, nightlife, sports and recreation. Charlotte’s Employment Front Charlotte... [Read more...]
Charlotte NC Foreclosure Real Estate Buying Tips
With 1.5 million foreclosures on market and more on the way, there are definitely some great deals out there! However, if you’re thinking about buying a foreclosure property, you need to know how the foreclosure buying process works. Here are a few tips to help you become a savvy foreclosure real estate buyer: Knowing Your Bottom Line Many bank owned properties (REOs) are put back on the market at... [Read more...]
Leigh Brown, aka The Real Estate Diva, is a native of Concord NC in the Charlotte area. She grew up on a farm at the edge of Cabarrus County, still goes to the same church she grew up in (home of the world famous Mallard Creek Barbecue!), but has become a leader in area real estate through constant learning and continually upgrading technology to better serve buyer and seller clients. Leigh does indeed have a reputation as a barracuda-when it comes to protecting client interests. Her softer side is reserved for her husband and two kids who provide a constant source of joy-and entertainment
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