Dec 21 2011
Happy Holidays From Carolinas Realty Partners
Happy Holidays From Carolinas Realty Partners
Archive for December, 2011
Dec 16 2011
Charlotte-Area Foreclsoure Filings Decline 35% In November!
Foreclosure filings in Mecklenburg County, where Charlotte is located, had a steep decline in November versus the same time frame in 2010–35% fewer filings! November filings were also somewhat lower than October 2011. The number of homes seized by financial institutions also dropped significantly from 404 to 249 year-to-year.
This great news extends to the entire Charlotte metro area, as foreclosure filings for Mecklenburg and and neighboring counties of Gaston, Cabarrus, Anson, Union in North Carolina and York County in South Carolina also dropped to 1,104 from 1,312 as compared with one year earlier–a 16% drop!
In many parts of the country, foreclosure shadow inventory levels are decreasing–boding well for home prices in the coming year.
Shadow Inventory Levels
For more detailed information about foreclosures in the Charlotte metro area visit RealtyTrac. For more information about foreclosure homes for sale visit GreatHomesInCharlotte.com.
Dec 02 2011
How to Mend Foreclosures in Charlotte
A foreclosure can do more than ruin your view, they can hurt the financial health of your neighborhood. But you don’t have to let it ruin your home equity.
Prevention makes the biggest difference. Be a good neighbor. If you know one of your neighbors is going to foreclose find out what you can do to help keep the property looking nice and be sure to maintain your property. If the neighborhood looks nice chances are the foreclosure won’t be vacant long.
If you see broken windows, trash in the yard, or overgrown weeds, report them quickly. You don’t want to problem to get worse. This isn’t a big problem in Charlotte, Waxhaw or Fort Mill, but being prepared will continue to prevent a foreclosure from hurting housing prices. An eyesore can turn into a health or safety hazard quickly.
Another option is to help sell the North Carolina property. Call Nina Hollander with Carolines Realty Partners to help sell your Charlotte metro area property. Talk up the area and see if you know anyone who’s looking to buy in your area.
Don’t waste your time trying to find out who owns the house to make them take responsibility, and avoid trying to fix the problems without permission. Go through the proper channels.