Charlotte Foreclosures are experiencing a huge demand. What is creating this Charlotte NC Foreclosure demand? It is largely based on the Federal First Time Home Buyers Credit of $8,000. Naturally, everyone wants the best possible deal but no one wants a Charlotte home for less money than a person/couple seeking a Charlotte Foreclosure or a Charlotte starter home.
There are still some great deals out there but you better move quickly. Time is quickly running out for the Federal Tax Credit so options are very limited. There is no time to consider a Charlotte short sale since they take to long. Short Sales are taking several months to complete and lenders are currently working on the previous batch of Charlotte Short Sales in hopes they will close.
Will the Government extend the tax credit? That is still an unknown Charlotte Real Estate variable and many short sale contracts will be returning to the lenders since the buyers need a home that will close by November 30th. This is a win/win scenario for the Charlotte New Home buyer.
If you are looking for a deals then request a list of Charlotte Foreclosures today.