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Foreclosures, Bank Owned, and Short Sales

4535 Charlie Hipp Road, Charlotte, NC 28214 $1,799,999
Foreclosure
4 Bed | 3 Bath

pre foreclosure !! incrediable custom built log home featuring 200 year old reclaimed heart of pine heated floors. 35 ft ridge beams in great room, massive stone fireplace, custom designed stair...
Property Details

2041 Mckee Road, Fort Mill, SC 29708 $695,000
Foreclosure
5 Bed | 3 Bath

short sale,offers subject to bank approval. 2 story waterfront home has to be seen.180 degree waterfront(approx 500 feet of shoreline)views from every window in the home.2 story dock w/boat slips,g...
Property Details

4316 Shepherdleas Lane, Charlotte, NC 28277 Piper Glen
$650,000
Foreclosure
5 Bed | 4 Bath

exquisite large brick home in the piper glen/ old st. andrews subdivision. quiet, large wooded lot with mature landscaping and fenced backyard. home features impressive 2-story foyer, huge master s...
Property Details

143 W Callicutt Trail, Mooresville, NC 28117 The Farms
$559,500
Foreclosure
5 Bed | 5 Bath

wfb hafa approved short sale. charming home sitting on one of the best lots in the farms. 1.1 acres but cos & well lots make it lives like 5. easy access side load garage. covered front porch, ...
Property Details

3617 Lake Twitty Drive, Monroe, NC 28110 Chinquepin On Twitty
$499,000
Foreclosure
5 Bed | 3 Bath

alot of house with panoramic views of lake twitty from every room on back of house. all hardwood floors down have been refinished, master suite is large and luxurious with 2 closets, sitting room w...
Property Details

1012 Arroyo Vista Lane, Matthews, NC 28104 Blackstone
$481,000
Foreclosure
7 Bed | 5 Bath

short sale: 2 story with basement. master and guest bedrooms on main level. library, 3 additional bedrooms and 4th bedroom/bonus are upstairs. partially finished basement includes 2 additional ro...
Property Details

125 Redbud Lane, Troutman, NC 28166 Allendale Point
$460,000
Foreclosure
4 Bed | 3 Bath

"this property is to be placed in an upcoming auction. at auction.com. please contact listing agent for details. bank approved short sale. home sits on 2 lots.
Property Details

600 E Worthington, Charlotte, NC 28203 Dilworth
$435,000
Foreclosure
3 Bed | 1 Bath

back on the market!! charming and historic home in dilworth. a lot of potential with this property and this location in the historic dilworrh community.
Property Details

530 Stuart Ridge, Cramerton, NC 28032 Cramer Mountain
$400,000
Foreclosure
4 Bed | 3 Bath

cramer mountain is a quiet gated community that boasts of exquisite homes. 530 stuart ridge is a well appointed home with beautiful views and wonderful natural light fills the rooms. a two-story ...
Property Details

5210 Woodland Bay Drive, Belmont, NC 28012 Woodland Bay
$375,000
Foreclosure

deep water boat dock and lift already in place on this acre plus wooded lot setting on lake wylie. beautifully landscaped gated neighborhood. property can be purchased either as lot or as a custom ...
Property Details

18611 Reflection Rock, Davidson, NC 28036 River Run
$375,000
Foreclosure
3 Bed | 2 Bath

great location....nestled in river run country club, on a quiet, cul-de-sac street. professionally measured. this home is occupied!!! appointment required!!!!!!!
Property Details

2027 Summit Ridge Lane, Kannapolis, NC 28083 $350,000
Foreclosure

peaceful waterfront w/ possibilities & opportunity! beautiful partially wooded 10+ acres overlooking concord lake! great for development, possible 55+ community, patio homes, apartments/condos...
Property Details

 
 
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Foreclosure:

Occurs when a lender pursues its lien on a property. Foreclosure action generally begins after 90 days of nonpayment. Parties are able to bid on the property as part of the foreclosure sale. The title will be transferred to the successful bidder, subject to any applicable redemption period.

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Bank Owned:

The term "bank owned" most often refers to homes that have been repossessed during the foreclosure process and did not sell to another party at the foreclosure auction. Bank owned homes are also often referred to as REO homes which stands for "Real Estate Owned".

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Short Sale:

Occurs when the seller at the contemplated price will not have sufficient proceeds to pay off their mortgage. In order for the transaction to be completed, the bank either has to "forgive" the debt or allow the seller to turn the deficit into a personal loan to be paid off after the home has been sold.

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