Charlotte foreclosures are no longer just in risky neighborhoods. The foreclosure crisis has hit all sorts of homes in all types of areas. Pre-foreclosure, many homeowners and developers are willing to negotiate with a buyer/investor. If they can walk away with a little cash and satisfied liens, and you have a property for less than the market value, it can be a win – win proposition.
Charlotte lofts are a popular lifestyle choice right now. Whether built brand new, or converted from formerly commercial and industrial space, the convenient locations, ample space, soaring ceilings and light pouring in through large windows make an attractive choice, and are a magnet for urban designers.
The Gallery Lofts in the Third Ward warehouse district have a masonry and metal siding exterior. These Charlotte lofts feature 20 foot ceilings.
There’s been a lot of attention to nationwide foreclosures in the news lately. The number of foreclosures is up this month, and looks pretty drastic. This is partly because of the moratorium on foreclosures in December and through February, awaiting word from the White House on how the federal government would intervene. Now that the moratorium is over, foreclosed properties that were already set for auction have been again scheduled for sale, and now there is a backlog of them.
Good news for FHA loans! As of last week, there are new maximum loan limits that are available due to the American Recovery & Reinvestment Act. These new loan limits are for new and existing loan applications that are submitted with credit approval on or after March 12, 2009.
Here is a list of the 2009 FHA Maximum Mortgage Limits*:
$729,750 for one-unit properties
$934,200 for two-unit properties
$1,129,250 for three-unit properties
$1,403,400 for four-unit properties
These new limits open up the possibilities for many new buyers! Now lenders can go as high as a $729,750 …
Court 6 in Charlotte is an affordably priced uptown Charlotte building within walking distance to the arena and trolley lines. This four story Charlotte condo features mostly one bedroom apartments, with private balconies, and high ceilings. Cork flooring is throughout, and these spacious Charlotte condos are designed as lofts.
You can get a great deal with a Charlotte foreclosure, but you have to be aware of a few things. Charlotte foreclosures are a great opportunity, but don’t go into the venture alone, especially if you are new to buying real estate.
Catalyst is one of the really great opportunities for tenants and home buyers alike. These brand new luxury Charlotte condominiums have a unique feature; HALO. Home Automation, Lifestyle Organization). It’s a state of the art systen which works on a PC, laptop, or wireless device to connect residents to home information.
The first time home buyer tax credit of $8000 is generating a lot of interest among potential Charlotte Condo buyers – and a lot of questions. What’s interesting for all home buyers is the various initiatives in states right now.
If you’re looking to get in on a great opportunity for new urban living in the heart of Dilworth, then let’s get you into 1315 East quickly.
Here at CondoDomain, we know that foreclosures offer our buyers tremendous savings. We have partnered with Foreclosures.com to give our buyers great opportunities to save on Charlotte foreclosures. Looking through the data we now have on our site, here’s a few Charlotte foreclosure opportunities I really like for buyers.
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