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Foreclosure Inspections FAQ #03

How did so many homes
foreclose in Charlotte and why?
Is there a solution?

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There are many factors to consider in regards to the number of homes that property owners foreclosed on in Charlotte.

It is common knowledge that during the “Housing Boom” it was easy to obtain property and/or a home without having personal financial information verified and the case for many new homeowners in Charlotte.

In addition many existing Charlotte homeowners obtained refinancing of there homes for Home Improvements, access to Financial Resources and for various other reasons in Charlotte.

During this time Mortgage companies also providing false information to obtain the loan for Charlotte Homeowner applicants.

In Charlotte many homeowners when faced with not being able to meet the requirements of the Mortgage Companies also found that they owed more money on the home then the home was actually worth in Charlotte

As a direct result foreclosures of Homes in Charlotte have reached staggering numbers and now effects us all to include Charlotte.

There is a solution for our economy. Charlotte foreclosed properties must continue to be sold, that we move back in our homes in Charlotte.

The time to buy a foreclosed Charlotte property is now, not down the road. The Economic Crisis will end when we move back into our homes.

Before you make any purchase on a Foreclosed property in Charlotte, have a Licensed Engineering Inspection First for peace of mind.

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