CONSUMER ALERT: Mortgage Modification Scam Targeting Homeowners in Charlotte

In my mailbox on Monday was an official-looking mailing that offered to restructure my loan and lower my payments by 50%.  Because I simply can't help myself, I called the 1-877-823-8399 number in the mailing and it goes nowhere after hours.  A good sign that this is a scam. The next day, I called back […]

DO NOT Revive the Failed $8,000 First Time Home Buyer Tax Credit.

July 2010's miserable residential real estate sales have, once again, renewed fears of a double dip recession and more trouble ahead for the housing sector.  In many parts of the country, the end of the $8,000 First Time Home Buyer Tax Credit at the end of April created a sales bubble that resulted in sales […]

Myers Park – Charlotte Real Estate Update – August 2010

Myers Park Real Estate Update Sales: 7/1/2010 – 7/31/2010 Data from the CMLS Sales in Myers Park rose 37% year-over-year in July from the year prior to 22 closed single family and townhouse / condo sales.  This was an unexpected gain as many neighborhoods throughout Charlotte experienced a decline in sales by the same amount […]

It’s Wise to Perform a Title Search Prior to Listing Your Home for Sale

Today, it seems that there are more issues than ever that are arising that can cause a real estate transaction to melt down just before closing.  For buyers, most mortgage companies have now started running the buyer's credit just prior to close to look for additional purchases and some have even performed last minute employment […]