Charlotte, North Carolina - Short Sale House Buyer
North Carolina has taken a beaten since the mortgage meltdown and homeowners are paying the price particularly in Charlotte. Home values are still low, and what you paid for a house 5 years ago is probably worth less now. Homeowners are losing their homes left and right because of low home values preventing them from refinancing and finding other logical ways to sell their homes. The ultimate price being paid is foreclosure. Homeowners are finding that the best way to sell their home in Charlotte is through short sale.
Vernon Crawford, field agent of Buyers of Charlotte says, "for years we have been working with homeowners to buy their homes through a short sale, a short sale is the longest best kept secret because it stops foreclosure, and most real estate agents didn't even know what a short sale was when we first started using that method, he added, "homeowners have an advantage by doing a short sale because their lender can't come after them for the difference, the owner can stay in their house longer while they stop the foreclosure to negotiate the discounted payoff and during the process they are not making payments which gives them the opportunity to save money and if a short sale is accepted their lender will give them up to $2,000 for moving expenses".
Smart homeowners that are about to lose their home to foreclosure choose the short sale route before they enter the foreclosure process. The earlier you start the paperwork the better your chances are to stop your foreclosure.
