Market Trends: 3/9/2010
Distressed
Market Snapshot
Total Properties Listed:
25
Month-Over-Month Change: +31.58%
Average List Price:
$115,102
Month-Over-Month Change: -2.44%
Median List Price:
$92,500
Month-Over-Month Change: +.05%
Typical Property
Single-Family Home
3.14 Bedrooms
2.07 Baths
$115,102 Average List Price
$65/SqFt Average Price per SqFt.
Average Price by Bedrooms:
1 Bedroom:
N/A
2 Bedrooms:
$73,500
3 Bedrooms:
$93,225
4 Bedrooms:
$246,200
5 Bedrooms:
$89,900
Top 5 Most Viewed Properties
FORECLOSURE / Bank Owned / Short Sale, NC Real Estate:
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Greenville, NC
Real Estate Listings
MLS Home Search
Greenville, NC: 2,767 Listings
FORECLOSURE / Bank Owned / Short Sale Real Estate
About FORECLOSURE / Bank Owned / Short Sale
The current economic climate has resulted in an unprecedented number of Greenville NC foreclosures. Many Greenville families are facing distress situations they never thought they would face in their lifetimes and in many cases foreclosure has been the result. But there are other options! A short sale may be the answer to avoiding foreclosure.
Reasons To Avoid Greenville NC Foreclosure
A foreclosure can have long term, devastating effects on your credit, your job, and your family.
1. The foreclosure must be disclosed on any future mortgage application and many job applications.
2. Credit scores will be lowered by 300+ points.
3. A foreclosure on a credit report is almost impossible to have ‘repaired’.
4. The lender can seek a deficiency judgment to collect any loss incurred.
5. Many employers run credit checks. A foreclosure may put a potential new hire in jeopardy.
6. Many current employers run credit checks. A foreclosure may put your job in jeopardy.
7. Security clearances and government positions can be jeopardized.
8. The borrower is responsible for deficiencies after the foreclosure.
What is a Short Sale?
A Short Sale is when a borrower owes an amount on his property that is more than the current value of the property, thus being ‘short’. A Short Sale occurs when the lender, or lenders if there is more than one lien on the property, agrees to accept less than the full balance of the loan at closing. The property is ‘sold short’.
A Short Sale is a way to avoid a Greenville NC foreclosure, not a ‘get out of my mortgage free card’. In order to have a short sale approved, the borrower must have a valid financial hardship as the reason they can’t pay their mortgage.
Families want to avoid a Greenville NC foreclosure if at all possible, A Short Sale may be the answer to saving your home, your credit and your family. I am a Certified Distressed Property Expert (CDPE) with extensive training working with families in distress. The clock is ticking. Give me call today for a private consultation.
Buying a New Distressed Home?
Buying a Distressed home can be a daunting task. Before setting out on your house hunting journey, you should
know what you really want to find. Take some time to list all the features that are most important to you and your
family. Here are a few ideas to consider in looking for a Distressed home to purchase:
- Location – Distressed has a good number of wonderful areas to choose from. Also think about your proximity
to quality schools, medical facilities, and shopping markets.
- Size – Do you need a certain number of bedrooms or bathrooms? Don’t forget about closet space
- Parking – Is a covered garage important to you?
- Style – 2-story house or ranch style home? New or older home?
- Air Conditioning & Heating – central heating and/or air conditioning can be a savior in Distressed.
As you browse homes on , keep these ideas in mind. Your list may change over time as you do more looking.
You may want to add or remove features, or perhaps you'll become willing to make compromises to find the Distressed home
that is the best fit for your family. With hundreds of beautiful Distressed homes to choose from, you’ll surely find the
one for you. Get started now.
Selling your Distressed Home?
Selling your Distressed home through The Liz Freeman Team - ReMax Preferred Realty is the right decision. Our agents are here to guide you
through a potentially complicated process. You deserve top-dollar for your property and The Liz Freeman Team - ReMax Preferred Realty is committed to marketing
and selling your home. All of our agents are certified REALTORs® and they are determined to give you peace of mind
throughout the home selling process. With years of experience in the Distressed home market, our team has the secret recipe
for attracting the right kind of home buyers at just the right time. Choosing The Liz Freeman Team - ReMax Preferred Realty is a wise decision. Learn a bit
more about our agents here.
Apply for a Home Loan to purchase your Distressed home?
The Distressed home market is highly active at this time. Interest rates continue to hover near record lows and it’s never
been easier to finance your Distressed home purchase —whether it’s your first home purchase, a vacation property, or a retirement
townhouse. Find out how much house you can afford, learn about settlement and closing costs, and access the most current
lending rates through our preferred mortgage partner.