In Less Than 7 Days, Your Home Purchase Will Get More Expensive

In the market to buy a home in the next couple of weeks?  You may want to consider speeding up that purchase because as of October 4, 2010, the following changes may put a crimp in your plans: Up Front Mortgage Insurance Premium UFMIP Decreasing This is the only good news that occurs to … Continue reading...

Top 10 Charlotte Area Real Estate Price Reductions – September 26 2010

In the last 10 days, 981 homes in the Charlotte area have experienced a price change averaging $13,267. The following real estate listings in the Charlotte area have had the largest price reductions during that same 10 days period based on dollar amount reduced:Honorable Mention: 1701 Aringill … Continue reading...

Bank Owned Foreclosure Properties

Looking for a foreclosed home?  Charlotte Area HUD HomesBank-Owned REO Single Family HomesBank-Owned REO Townhouses / CondosLuxury Bank Owned REO HomesSearch by City Foreclosed Homes:Belmont Bank Owned REO Homes and TownhousesCharlotte Bank Owned REO Homes and TownhousesCornelius Bank … Continue reading...

You Cannot Buy a Home With Bad Credit, No Job, and No Money

Back in the early to mid 2000's, it was possible for folks with bad credit (below 580), no job, or no money to purchase a house.  Typically this involved a lender either fraudulently overstating the borrowers income with a stated-income sub-prime mortgage or the borrower had good enough … Continue reading...

Charlotte Real Estate Update September 2010: Sales Retreat 26%

Single Family and Condo SalesClosings: 8/1/2010 - 8/31/2010Suffering a hangover from the end of the first time home buyer tax credit, Charlotte single family and condo sales fell year-over-year in August 26% to 573 closed units.  This is the second time in as many months that sales in the … Continue reading...