Things to know if you are facing a short sale or foreclosure

triciacox Cashiers NC , Cashiers NC real estate , Glenville NC real estate , Highlands NC , highlands nc real estate , Highlands North Carolina Real Estate , Highlands/Cashiers NC Homes , Highlands/Cashiers NC real estate , Market conditions , sapphire valley nc real estate Leave a Comment

In this real estate market with declining prices, short sales have become a common vehicle for sellers who are “underwater” on their mortgage.   In the event your lender agrees to allow a short sale of your home, there are things you need to know to protect yourself. If your mortgage debt is partly or entirely forgiven during tax years 2007 through 2012, …

Short Sale – An Alternative to Foreclosure

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In these uncertain economic times, many Americans are living from paycheck to paycheck, often extending themselves even further through credit card debt.     For owners who can no longer afford to keep mortgage payments current, there are alternatives to bankruptcy or foreclosure proceedings. One option is a real estate short sale. To help understand how a short sale differs from a …

Why Buy Now???

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Home prices have stopped their free fall and many markets have lower inventories of available properties.    The extended and expanded tax credit will end on April 30.    However, the major reason to buy now is the historically low mortgage rates which no way to go but up. If you’ve been holding off making a real estate purchase, the flicker of …

Highlands, Cashiers, and Lake Glenville NC Foreclosures and Short Sales

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For great properties in Highlands, Cashiers, and Lake Glenville, don’t forget to check out the Foreclosure/Short Sale Listings.  From single family homes to vacant land, you will discover fantastic finds in the locations you want to live and custom build your home.  For the current featured foreclosure and short sale property listings, visit Meadows Mountain Realty’s website where you can …

Tread Carefully When Making a Low-Ball Offer for Homes in the Mountains of western North Carolina

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These days it’s easier to make a low-ball offer than it used to be, but with short sale properties, foreclosures and overall prices at historic lows it’s important to be offer smart.  Here are some things that a potential buyer should consider when making such an offer: 1. Use foreclosures as comps carefully. Look realistically at the prices of foreclosures if …