Everyone is looking for the best Charlotte Real Estate deal possible and many do not understand the difference between a Short Sale and a Foreclosure. There are differences and it depends on what you are seeking to determine which is best for you. A Short Sale is typically in better shape than a short sale but can take 3 to 5 months before it can close and often takes weeks before you even find if your bid was accepted.
A Charlotte Foreclosure is much easier and can typically close within 30 days. The bank already owns the home and the process is much simpler. Compare this to a Short Sale. The seller is still the owner but the mortgage company must approve the sale since it is the mortgage company that is accepting the loss of thousands of dollars. This complicates the process and takes much longer to complete.
Which Charlotte Real Estate deal is right for you? It depends on your patience and time frame. Visit Charlotte Foreclosures for more information of the process or call me and I will be here to assist throughout the process.