Charlotte Foreclosures and Homes for Sale spell opportunity!  Foreclosure Homes for Sale are great investments!  Charlotte Foreclosure Homes for Sale produce home equity in a short time frame; search all greater Charlotte Foreclosure homes today!  The best part: All Foreclosed Charlotte bank owned homes are listed in the Charlotte NC MLS!  This includes all Charlotte REO Homes which are also known as Charlotte Real Estate Owned (by banks), also known as Charlotte REO properties, Charlotte HUD Homes, Charlotte Fannie Mae Real Estate and Charlotte Freddie MAC Properties!  Request a Custom Charlotte foreclosure Home Search for free by contacting me, Rick Waite directly at 704.770.6559 or email rjwaite1@gmail.com.

View Charlotte Foreclosures for free!

View all Charlotte Foreclosures from $500,000 up

View all Charlotte Foreclosures from $300,000 to $500,000

View all Charlotte Foreclosures from $200,000 to $300,000

View all Charlotte Foreclosures from $150,000 to $200,000

All of the Charlotte foreclosures sold in 2012 are represented in this graph as a percentage of our total Charlotte Real Estate Single Family home market.  This Sales graph is for all single family foreclosure homes sold in the Charlotte MLS for 2012.  The Ratios include Charlotte Region Foreclosure Homes, Undisclosed Conditions and Total Sales by month.  I have noticed the undisclosed "Special Condition" usage is increasing; 90+% of the "Undisclosed Sales" are in fact greater Charlotte Foreclosure Homes sales.  

There is a lot to understand about the foreclosure process.  Home buyers want to minimize their risk and want homes that are already Charlotte bank owned homes or Charlotte Short Sales. Charlotte NC Bank owned homes "can be" a great value!

As previously shared there are several Government Charlotte Foreclosures.  The Charlotte HUD Foreclosure is the most popular.  HUD homes already owned by the Federal Government.  Only a HUD approved Broker can bid on these homes (I am a North Carolina HUD approved Broker).  Their is a lot of information for the purchase of HUD Homes and we can go further into the process at a later time. There are also USDA Foreclosures, Fannie Mae Foreclosures and several more.  Each has its own process and I am familiar with the variations within Charlotte Foreclosures.

Charlotte Short Sales and Charlotte investment properties?  Purchasing Charlotte REO properties with equity is always a plus!  Why not?  Search all foreclosed homes for sale in Charlotte NC.

How do I purchase Foreclosures?

First step for finding Charlotte Foreclosures:  All Charlotte foreclosure Homes already "owned by the banks, finance companies or mortgage companies" are listed in the MLS. Do not pay for a website to view Foreclosed Homes!  When a bank owns the property, the bank/lender obtains a clean title (no liens or risk) and markets the foreclosed property with a Charlotte Realtor.

Are looking for Charlotte Real Estate pre-foreclosures or Short Sales? Short Sales are an entirely different process and you need to be patient.  If the short sale is your "dream home", then by all means let's put in an offer.  If not, the odds are you will find a more appealing deal well before the Short Sale is accepted or denied.  Expect to wait at least four months before the bank responds to your offer.  Charlotte Foreclosures are typically preferred since they close more rapidly.  We can discuss this more in person.

Top 10 Charlotte Foreclosure Tips

WARNING:  It takes an experienced Realtor to understand which Charlotte neighborhoods will be prone to future Charlotte NC distressed sales.  During the era of sub prime loans some Charlotte NC neighborhoods were complete and others just in their early phases.  An older neighborhood will be less likely to have foreclosures (less high risk loans) than newer neighborhoods.  You need someone looking out for you.  How is your great deal going to look six months from now?

NC has programs that will help you avoid an NC foreclosure.

Charlotte Foreclosures   Charlotte Foreclosure Homes for Sale   Charlotte NC Foreclosure Homes for Sale

Authored by Rick Waite

If you have any questions or concerns about Charlotte foreclosures property for sale give me a call.  I am a full time Charlotte Real Estate agent, licensed as a North Carolina Realtor and South Carolina Realtor. I am here to help find the best Charlotte homes for sale and Foreclosures in Charlotte.