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Category Archives: Short sale and Foreclosure Resources
Distressed Homes in Iredell County 3/23/12
What every homebuyer should know about buying a fixer upper
This week, I wanted to talk about Fixer Uppers. I show a lot of distressed homes, and many that are not distressed, that need work. Some may be just cosmetic and some may be structural. What does it matter? For investors that are buying homes to flip or to rent, it does not really matter …
Fannie Mae offering 3.5% in closing costs to buyers until end of June 2011
Many of the distressed homes you will find on my weekly distressed property list are Fannie Mae Distressed Properties. That means that Fannie Mae guaranteed the loan originally, the home foreclosed and now they are selling it. Many of the Fannie Mae properties qualify for the Home Path Finance program and offer special incentives for …
Negotiating the deal! What to know BEFORE you place an offer.
This article is an excerpt from my weekly buyer blast that I send every Friday. I have been experimenting with other days of the week but you will receive it at least once per week. I send out a List of area Foreclosed and Distressed Properties in the Statesville, Mooresville, Troutman areas of Iredell …
A few things to consider before purchasing a distressed property
I have been working with lots of buyers of foreclosed or distressed homes lately and wanted to give you some hints on how to make this type of purchase a little easier.
First, let’s talk about Short Sale Properties: A short sale is a home that is listed by a real estate firm for less …
How to Purchase a HUD home in North Carolina
How to Purchase a HUD home
In recent months, there was a huge backlog of HUD homes that were held up for closing in NC and changes were made to try and streamline the entire process. There are now three main asset management companies that handle HUD homes in NC and they in turn designate local …
Why do Lender’s counter an offer for more than the current list price?
I was recently asked the same question by two of my clients here in Statesville NC, that concerned short sales and foreclosures and I thought I would share with you the answer as it may be helpful during your home search.
QUESTION: Why do lenders counter an offer higher than the current list price on distressed …
