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...

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Unemployment and Prime Home Loans Add to Foreclosure Crisis – Charlotte NC Foreclosure Expert

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...

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