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Our Buyer Services...

  • A complete inventory of thousands of homes for sale in the Charlotte-Mecklenburg and the surrounding counties.
  • Free acces to foreclosed homes.
  • Free access to short sale homes.
  • Free assistance in getting pre-approved and information on new home loan programs to include still available 100% loan programs.
  • Free market analysis of specific neighborhoods and market areas.
  • Free neighborhood reports.

Free information on unlisted pre-foreclosures for first-to-know offer submissions for the new HAFA government short sale program.

Our Seller Services...

Past listing review of why your home may not have sold with market trend information and sold listings report of homes that sold during your previous listing.

Free home selling consultation and full access to our selling your home library of articles, recommendations and staging techniques.

Smart, inexpensive ways to add value and sell quick in a buyer's market.

A cost analysis of renting out your home vs. selling it.

Advances selling techniques to include:

  • Gain national and international exposure with online auction at fair market pricing.
  • Obtain buyers from our relocation division of Carolina Realty Group & Relocation.
  • Individual toll-free extension assigned for each property.
  • 24-hour live customer care center.
  • Property website and unique domain address exterior marketing.
  • Text to virtual tour marketing
  • Property marketing syndication to over 100 real estate Internet portals.
  • B2B, Broker-to-Broker marketing with direct email campaigns sent to all area and surrounding county licensed brokers.

Our short sale listing service can be viewed here.

 

Our Experience

If you are searching for equity, deeply discounted properties and value while interest rates are historically low, you've reached the right place.

Today's Real Estate and Auction is a full service real estate firm and licensed auction firm located in the University area of Charlotte, North Carolina. We have been in business since 2003. We specialize in real estate for Today's market, specifically distressed properties, seller auctions, HUD, VA and bank owned real estate. At Today's Real Estate & Auction, our brokers are able to use their combined experiences of over 20 years in the real estate and mortgage industry, broker price opinion services with various asset management companies, contract negotiations to assist homebuyers searching for value and equity in distressed properties.

When you are ready to get started on your home search of equity properties, call us for personalized service at (704) 559-5988.


We are not an Internet realty firm. We have local brokers with thorough knowledge of the local real estate market that can help you avoid many pitfalls in our curent housing market. Complete a request today for one of our local, talented brokers to give you a call. We can answer all of your questions concerning foreclosures, short sales, HUD, VA and bank owned real estate in the Charlotte North Carolina and surrounding areas.

 

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Strategic Defaults Increase

HAFA Short Sale Help for Homeowners, Buyers Can Help Also

The increase in strategic defaults will have a huge impact on the recovery of the housing markets.  "Strategic defaults", the intentional non-payment on the borrower's behalf to avoid making payment on a home that has an upside down mortgage, but still makes the credit card payments and auto loan payments on time. 

The Morgan Stanley report estimates that 12% of mortgage defaults in February were strategic. Other reports estimate an even higher proportion of this type of loan default.

The problem with with strategic defaults is that is causes a contagion effect.  According to Sam Khater, senior economist for CoreLogic, a provider of consumer, financial and property information, as more and more homeowners watch friends and neighbors walk away from their homes, it becomes more socially acceptable to do so.  The result? Serious ramifications on personal credit histories, the health of neighborhoods, and the entire future of mortgage lending.

"If you know someone who has defaulted strategically, you're more likely to declare you're willing to do it," said Luigi Zingales, professor of entrepreneurship and finance at the University of Chicago's Booth School of Business.

There are many options available to avoid foreclosure.  We have put together a number of guides with information on seller options to include:

Avoiding Loan Modification Disasters and a HAFA short sale guide on the new government short sale program.  It includes information on relocation assistance money and lease-purchase home options.

avoiding loan modifications   Short Sales HAFA Program

 



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Posted on May 26, 2010 16:44:17 by sandra.allen - View Profile
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FHA Pre-Foreclosure and VA Pre-Foreclosure Short Sale Programs

FHA and VA Short Sale Programs

How Much Time Do You Have?

Help is available for homeowners who own a home with a mortgage insured by the Federal Housing Administration (FHA).  If you are finding it difficult to keep your mortgage payments current or if you are actually in default, you may be able to take advantage of the FHA Pre-foreclosure Sale (PFS) Program to sell your home.  What does it require?

To participate in the program, homeowners must be willing to commit to actively market their home for 3 months.  During the marketing of their home, the lender will delay foreclosure proceedings.  Once the home is successfully sold close to present fair market value, the homeowner may receive a cash payment from FHA of up to $1,000.00 to help the homeowner transition to more affordable housing. 

A similar program is available for homeowners with a mortgage guaranteed through the Veterans Administration.  The VA Compromise Sale Program will help homeowners avoid foreclosure. 

 Some of the requirements for the VA Compromise Sale include:

  • The property must be sold at fair market value.
  • The closing costs must be reasonable and customary.
  • The compromise sale must be less costly for the Government than a foreclosure.
  • There must be a financial hardship on the part of the seller.

Do you need more help?  Do you need more information on this program and other programs to avoid foreclosure?

 

Yes, I need more help.  I need information on short sale, HAFA, HAMP and loan modification programs.



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Posted on April 27, 2010 13:33:44 by sandra.allen - View Profile
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New Good Faith Estimate Rules Help Borrowers

New Good Faith Estimate Rules

Many home buyers have found themselves at the closing table surprised at the difference in closing costs due from what was originally quoted to them.  A Good Faith Estimate(GFE) is just that, an estimate.  Mortgage brokers and lenders provide loan applicants with these figures within three days of making an application for a home loan.   New federal rules were adopted on January 1st regarding the GFE, driven by the Department of Housing and Urban Development.  These new rules mandated the redesign of a simplified Good Faith Estimate form. 

Previously, lenders had no standardized format on how these fees were explained.  "Fees were communicated in multiple ways, which adds to the confusion when comparing costs," says Keith Gumbinger, a vice president at HSH Associates, which tracks the mortgage market. Under the new rules, lenders will all be required to use the same form for their Good Faith Estimates - a three-page document issued by HUD.

There are also new rules capping increases in costs that are disclosed on the Good Faith Estimate and guidelines so that fees listed on the initial GFE reflect the actual cost at settlement. "Those fees on the GFE at the beginning of the process will be the same on HUD-1 form [final settlement statement] at the end of the process," says Mr. Gumbinger.

Here is the summary of information on what changes to expect with the new federal rules regarding good faith estimates:

1. Fees that cannot change from the original GFE to final settlement.

2. Fees that can increase up to 10% at settlement.

3. Fees that can change without limit.

Borrowers may see an increase in the overall costs that lenders charge to originate a loan.  These new rules will cost lenders in the way of new software, new documents and new training. 

 If you would like current mortgage information, please click here for more information.



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Posted on January 13, 2010 12:19:15 by sandra.allen - View Profile

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