Charlotte NC Real Estate: Foreclosures

Are you thinking about buying a new home in Charlotte NC or the greater Charlotte area? There is no better time to buy a home than right now.  Interest rates are at an all time low and there are plenty of homes on the market to choose from.  The market has changed; there is now a whole new market segment of homes available. Distressed properties are in many neighborhoods, including those which you may never expect. These properties include bank-owned homes, HUD (Housing and Urban Development), Fannie Mae or Freddie Mac Foreclosures. These foreclosures are not your mom and dad's foreclosures...Long gone are the days of the destroyed foreclosure home.  There are many properties that are in incredible, move-in condition.  Some Banks pay a lump-sum to home owners who are in default to leave their homes so they are left in decent condition. Other home-owners create what's called "Strategic Default", where they intentionally stop paying their mortgage for any number of reasons.  These home-owners still have pride in their homes and leave their homes in great condition. Banks have plenty of homes in what's called their 'Shadow Inventory', and are letting only a few go at any one time. This is actually helping keep the Charlotte Real Estate market more stable. This doesn't mean there aren't great deals, however. Search below, visit my website for more information and to Search Charlotte NC Homes for sale or Contact me today to set up a customized foreclosure search for your ideal home!

Anne Jackson, NC & SC Realtor®/Broker, SFR
Wilkinson and Associates Real Estate
http://www.mycharlotterealty.com/
annemjackson1@gmail.com
cell 704.293.4995