Charlotte Foreclosures provide great deals for those ready, willing and able to buy right now! The pool of potential Charlotte Home buyers is much smaller than it has been in years but that spells opportunity for others! Charlotte Foreclosure homes, unlike Charlotte Short Sales, are able to close quickly; often banks can close in less than 30 days!
There is a long careful process as the bank makes a decision on a home. There is a very careful analysis performed about the current value, the recent Charlotte Market Trends, current competing Charlotte Homes for Sale and much more. It is an impressive list of data to aid in the bank's decision making process.
Before the Hume goes through the foreclosure process, the bank has already performed a market analysis and knows what it is willing to accept. The bank has the home listed by a Realtor and priced based on its analysis. The home is already discounted based on its numbers.
The bank will want to close on the Charlotte Foreclosure as soon as possible (preferably within 30 days). Banks pr fer cash but accepts loans (not willing to re loan money on same house as you are purchasing it). Banks will rarely accept an FHA loan because the bank does not want to go through the repair process; they just want to sell the home (liquidate the asset) for price that is fair to the buyer and the bank.
Charlotte Foreclosures can be a great opportunity for you to take you next step in life. Contact me for your customized bank owned home search and let's find that ideal Charlotte Home for you!
