Charlotte Short Sales | Tips to Buying a Charlotte Short Sale

Home buyer tips for Charlotte short sales

Four Steps to Buying Short Sales in Charlotte There remain opportunities to profit by purchasing short sales in Charlotte NC but, you need to know how to proceed in order to achieve success. Here are four steps to follow to increase your chances of success when buying short sales: Step 1:  Hire a short sales expert Hire a real estate agent who has experience helping people buy short sales.  You need someone who can not only locate short sales in Charlotte for you but, help you through the complicated process.  Although the short sale process has become less complicated over the last few … Continue reading...

Charlotte NC Short Sales | The Basics

Need to short sell your Charlotte home? Give us a call and let's talk about it!

The Basics You Need to Know About Short Sales in Charlotte Short sales in Charlotte are used by homeowners who are selling their homes at a loss to the bank to prevent losing them to foreclosure.  When you see an advertisement for a short sale, the home is basically in pre-foreclosure. What is a short sale?  A short sale is an agreement between the sellers of a home in the beginning stages of foreclosure and their lender which allows the home to be sold for less than the existing loan balance.  If an agreement is reached by all parties, a short sale could save the sellers’ credit by avoiding … Continue reading...

Charlotte Homeowners | Approved Charlotte Short Sale Hardships

Charlotte NC Short Sales

Sample Short Sale Hardship Letter for Charlotte Home Sellers What qualifies as a hardship when doing a Charlotte short sale? Family illness or injury Job relocation Job loss Significant income reduction Divorce or dissolution of domestic partners Death of a spouse Business failure Adjustment in mortgage payment Unforeseen increase in living expenses Too much debt Inability to rent investment property Military service Below is a sample hardship letter.  The best letter is hand-written and no more than one page in length.          Date            To Whom it May Concern: This … Continue reading...

4 Acronyms You Need to Know with Regards to Charlotte Short Sales

Charlotte NC Short Sales

Successful Short Sales in Charlotte: 4 Acronyms You Need to Know Knowledge is power. That’s true whether you’re running a Fortune 500 Company or involved in a short sale in Charlotte NC.  Whether you’re the buyer or a seller, working with short sales or any distressed properties can be a bit of a challenge.  We’re here to help minimize the stress involved in the short sale process. To increase your level of knowledge and success when working with short sales in Charlotte, here are the definitions and important information for four acronyms: BPO: This stands for Broker Price Opinion A BPO … Continue reading...

Why Does a Charlotte SHORT SALE Seller Even Care if You Write a Low-ball Offer?

Charlotte NC home buyer tips

Buyers and even, more often than we would like to see. their agents don't understand why a seller would care at all about the Offer which they receive on their short sale home for sale.Why would sellers care about the Offer they receive on their Charlotte short sale home for sale?First of all, let's be clear about the definition of a short sale: A short sale occurs when the seller does not have sufficient proceeds to pay off their mortgage.  In order for the transaction to be completed, the bank either has to "forgive" the debt or allow the seller to turn the deficit into a personal loan to be … Continue reading...

Are You Facing Financial Hardship? Upside-Down on Your Mortgage?

Are You Facing Financial Hardship?  Upside Down on Your Mortgage? Have the recent economic changes caused you to spiral into a financial hardship? Do you owe more on your Charlotte NC home than it is worth and  simply cannot make that mortgage payment?  Are you upside down on your Charlotte NC mortgage?  If you have recently suffered a hardship, or have arrived at the point that you just can't keep up any longer, contact a short sale expert in Charlotte NC to assist you. Our team represents sellers who are experiencing unfortunate events in their lives and need a remedy to prevent their … Continue reading...