Very spacious 3 bedroom/ 2 bath brick ranch on huge corner lot in quiet cul-de-sac!  The huge yard is partially fenced. This Charlotte home has a great layout and flows well.  It is located in the East Forest subdivision just off Monroe Road.  The kitchen features tiled counter tops with smooth surface range/oven. The master bedroom is huge with 3 closets!  This home also boosts a lot of storage.  French doors lead to patio. Roof is 3 years old.  Come and look at this.  Low price, this one won’t last long!

Call us at 704-885-0488 to schedule an appointment to view or with any questions. This home is also eligible for our renovation program….you can purchase it all fixed up and finance it into your loan.  Call for more details.

Also, be sure to sign up for our Killer Deals email list to the right of this post.  We will inform you of the best deals as they become available.

Call us at 704-885-0488 to schedule an appointment to view or with any questions. This home is also eligible for our renovation program….you can purchase it all fixed up and finance it into your loan.  Call for more details.
Bee Home Solutions, Inc.
A licensed NC Real Estate Firm

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We all have challenges in life and sometimes they don’t always result in a positive outcome .  You may be facing  health, family, financial, or other issues.  These can be stressful times for sure, but its great to know that there is light at the other end of the tunnel.  We receive questions all time from past, current or potential customers asking us about time frames to restore their buying power after facing bankruptcy, foreclosure, or a short sale.  Below are the recent lending guideline time frames for each situation based on loan type.  There is light at the end of the tunnel.  Thanks to Annamaria at Sensei for sharing this with us.

Obtaining a Conventional Loan

• Chapter 7 Bankruptcy                          * 4 years from discharge date
• Chapter 14 Bankruptcy                        * 2 years from discharge date
• Foreclosure                                               * 4 years from completion date
• Deed-In-Lieu of Foreclosure              * 4 years from completion date
• Short Sale                                                    * 2 years from completion date

Obtaining an FHA Loan

• Chapter 7 Bankruptcy                            * 2 years from discharge date
• Chapter 13 Bankruptcy                          * 1 year of the payout must elapse & payment performance must be satisfactory – buyer must receive permission from the court to enter into a mortgage
• Foreclosure                                                * 3 years from completion date
• Short Sale                                                    ***NOTE: This is a recent change*** 1 year from completion date if the borrower was current at the time of the short sale on their mortgage

Obtaining a VA Loan

• Chapter 7 Bankruptcy                           * 2 years from discharge date
• Chapter 13 Bankruptcy                          * 1 year of the payout must elapse & payment performance must be satisfactory – buyer must receive permission from the court to enter into a mortgage
• Foreclosure                                                * 2 years from completion date
• Short Sale                                                    * No specific information on this yet but assume foreclosure rule of 2 years applies.  Once this is   officially defined, I will provide an update.

Obtaining a USDA Rural Housing Loan

• Bankruptcy (Ch 7 & Ch 13)                    * 3 years from discharge date
• Foreclosure                                                 * 3 years from completion date
• Short Sale                                                      * No specific information on this yet but assume foreclosure rule of 3 years applies.  Once this is officially defined, I will provide an update.

Feel free to call Mike Moulton, Broker at Bee Home Solutions, Inc. for any of your real estate needs in the Greater Charlotte, NC area.
704-885-0488

My question is this…Who’s to blame in this scenario?  Is it the government for changing up the programs and not making the terms of it well known?  Or, is it the home buyer for either not understanding all of the details or not purchasing their home within the allotted time lines?  Or, for those buyers that utilized a real estate agent to aid in helping them procure the home are the agents at fault for not helping their clients understand the different ramifications of the programs?  Well, it probably is a mixture in most scenarios but at the end of the day the home buyer is the one that is affected the most by this.  I hope that the real estate agents were giving their clients the proper information and whether or not the home buyers handled it correctly is between them and their accountants.

In Charlotte, NC where I work we did see an increase in sales due to this government program.  I’ve seen evidence nationally as well of the results in pending sales increasing before the deadline dates.  Please leave your comments on how you feel on this topic of tax repayment.

Mike Moulton, Broker In Charge
Bee Home Solutions, Inc.
704-885-0488

Some recent areas that Mike visited were homes in Marvin, Reflection Pointe, Providence Downs South, Denver NC, and Mooresville NC.

If you missed last weeks video on the $8000 First Time Homebuyer Credit Demystified then click the highlighted text to view it.

Looking for a great deal on a home in the greater Charlotte NC area? Give us a call at 704-885-0488 and ask for Mike.

Take care,
MIke