The Skinny on Short Sales Charlotte NC
Posted by Leigh Brown on Jan 13, 2010 in Real Estate News | 0 comments
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...
Unemployment and Prime Home Loans Add to Foreclosure Crisis – Charlotte NC Foreclosure Expert
Posted by Leigh Brown on Dec 2, 2009 in Real Estate News | 1 comment
Last year, risky sub-prime loans were fueling the housing crisis. A recent quarterly survey of 44.6 million loans from the Mortgage Bankers Association (MBA) showed a rise in the proportion of prime home loans, mainly due to unemployment, is adding to the problem. MBA’s 3rd quarter report stated that 14% of homeowners...












