Charlotte REO Specialist – Nancy Braun

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Entries Tagged as '2010'

Big US Banks Hit With Penalties for Foreclosure Practices (WSJ)

April 14th, 2011 · No Comments · In the News

The Wall Street Journal reported today that 14 of the nation’s largest banks were hit with penalties for improper home-foreclosure practices yesterday. These penalties were not monetary, but include orders to change the way they deal with “troubled borrowers”. Officials say that fines are coming. The banks that were issued these orders are: Bank of [...]

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Research Firm Says U.S. Housing Has Never Been This Undervalued (DSNews)

March 8th, 2011 · No Comments · In the News

The research firm, Capital Economics, has found that housing has never been this undervalued, according to an article by Carrie Bay published in DSNews. The following is an excerpt from the article. “The continuing depreciation of residential property values at the end of last year has made housing look more undervalued relative to income than ever [...]

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N.C. Foreclosures Drop 4% in a Year

February 11th, 2011 · No Comments · Charlotte Foreclosures

North Carolina’s residential foreclosures in January fell nearly 4 percent from a year ago but rose 1.2 percent from December. The following are additional statistics reported by the Charlotte Business Journal yesterday regarding the foreclosure rate in North Carolina. Some 3,040 N.C. homes were in foreclosure in January, or one of every 1,401 households, according to [...]

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Charlotte-Area Foreclosures Jump 37%

January 27th, 2011 · No Comments · Charlotte Foreclosures, Charlotte Real Estate Investment, In the News

Quick Newsflash: The Charlotte Business Journal reported today that Charlotte-Area foreclosures jumped 37% from 2009 to 2010 according to a study done by RealtyTrac. “Some 14,732 homes in the Charlotte-Gastonia-Concord region were in the foreclosure process last year. That equates to one in every 50 households. The metro area ranks No. 81 in the nation [...]

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Charlotte Home Prices Down 4.3% in November (Charlotte Biz Journal)

January 25th, 2011 · No Comments · Charlotte Real Estate Investment, In the News

The following is an article from Charlotte Business Journal published today, January 25, 2011: Home prices in the Charlotte market fell 4.3 percent in the year that ended in November, according to the Standard & Poor’s/Case-Shiller Home Price Index. But prices fell only 1.1 percent from October. The price drop for the past 12 months [...]

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Existing homes sales rose 12.3% in December to 5.28 million (HousingWire)

January 20th, 2011 · No Comments · In the News

The following is an excerpt from an article published today, January 20, 2011, written by Jason Philyaw for HousingWire: “Existing homes sales shot up 12.3% in December, coming in well above most analysts’ estimates and marking growth in five of the final six months of 2010. The National Association of Realtors said seasonally adjusted sales [...]

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RealtyTrac: More Than One Million Homes Seized by Lenders in 2010 (DSNews)

January 13th, 2011 · No Comments · In the News

In an article published today by DSNews it was reported that lenders repossessed 1,050,500 homes last year, according to the 2010 end-of-year foreclosure report from RealtyTrac. The following is an excerpt from this article: “The annual figure marks a record-high number of new bank-owned properties tracked by the company. The 2010 tally is up 14 [...]

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Credit Suisse Reports December Traffic: “Charlotte Buyers Lack Urgency”

January 11th, 2011 · No Comments · Charlotte Real Estate Investment, In the News

According to a report released by Credit Suisse on January 6, 2011 demand in the Charlotte home market remains weak as buyers fear further price declines. Charlotte, NC is the 13th largest market in the country. The following are quotes directly from the December 2010 report for the Charlotte, NC real estate market: “Buyer traffic [...]

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New Low for Charlotte Home Prices (excerpt)

December 30th, 2010 · No Comments · Charlotte Real Estate Investment, In the News

Charlotte is one of six cities where home prices have dropped to their lowest levels since 2006 and 2007 when values across the country began to fall, according to a national home price index. The Standard & Poor’s/Case-Shiller Home Price Indices says the average home prices in Charlotte, Atlanta, Miami, Portland, Seattle and Tampa “have [...]

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HomePath Mortgage and HomePath Renovation Mortgage Enhancements

December 29th, 2010 · No Comments · Charlotte Foreclosures, Charlotte Real Estate Investment, In the News

The following is an announcement from Fannie Mae regarding new Homepath Mortgage & Renovation Mortgage Enhancements: HomePath Mortgage and HomePath Renovation Mortgage Enhancements “Based on lender feedback and REO market needs, we have enhanced both our HomePath Mortgage® and HomePath Renovation Mortgage®. Enhancements are effective for loans delivered on or after February 1, 2011. For [...]

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