Tag Archives: Foreclosure

How to Buy a HUD Home With Only 100 Down Payment. Charlotte, N.C.

How to Buy a HUD Home With Only 100 Down Payment. Charlotte, N.C.

The US Department of Housing and Urban Development,HUD is an organization that offers homes for sale that are a great deal for buyers. You can find these homes in several areas of Charlotte, NC as well as surrounding cities. HUD offers some discounted programs including programs that allow buyers to put only a 100 as down payment in order to purchase properties in some designated areas. HUD will also pay up to 3% closing expenses for the buyer. The Neighbor Next Door initiatives are a collection of FHA’s home sales programs designed to help communities and promote homeownership. It is an excellent program for firefighter, emergency medical technician and teachers. HUD offers 50% discount on eligible properties.

Most loan programs today require a minimum of 3.5% down payment, but with some HUD homes, the buyer can still get an excellent deal and put only a 100 dollars down. For more information, please contact a HUD qualified agent at www.MyCasaBela.com. We will be happy to provide you with additional information about the HUD homes or any other program available for you.

Whether, you want to buy or sale a home, we can help!!

Thanks,

CasaBela Real Estate Consutlatns

Maria Ferreira - Realtor/Broker Charlotte NC & SC

Nothing Less Than What You Should Expect From a Realtor!

Maria is committed to providing a variety of real estate services to a diverse group of clients. These services include but are not limited to proficiently lead her clients during the process of buying and selling residential real estate properties in North and South Carolina but with a special focus in South Charlotte and Fort Mill. Maria has an extensive experience with first time home buyers, short sales, foreclosures, HUD homes and more. She is part of a team of professionals striving to provide clients with superior services. Although, teamwork is the trade mark of the group that shares, understands, and exceeds expectations when performing in any aspect of the real estate business, as individuals, each one of them have somehow specialized in one or more specific field in order to better address the needs of  clients. Maria is a buyer’s agent, and she works directly with the buyers guiding them through the process of getting qualified, choosing the most effective lenders and programs , understanding the implication, advantages, and responsibilities involved  in buying a home, looking for the right home at the most affordable price, submitting an acceptable offer, negotiating on behalf of the buyers, and most important, giving the buyer the peace of mind and assurance that choosing the right Realtor is the first step  in completing a successful real estate transaction

Maria Ferreira is a native of Brazil and has been living in the USA for the past 19 years. After living in Florida for most of this time, her family decided to relocate to Charlotte and she loves it. Maria has a Florida Atlantic University Bachelor’s degree in Business Health Care Management, but it is in real estate that she has found her passion. She speaks English, Spanish, and Portuguese which gives her the capability of providing real estate service to a diversified group of people.  She is very personable and takes every opportunity she has to learn from others. She believes that a great Realtor will make the difference when her clients are purchasing and selling real estate. One of Maria’s goals is to carefully guide her clients throughout the entire process and provide high quality service that will result in a positive experience for every one of the people she works with.

Maria Ferreira

Realtor/Broker NC-SC

maria@mycasabela.com

704-287-7468 Cell

704-248-6127 Fax

CasaBela Realty

http://www.MyCasaBela.com

“It is all about attitude. “Life is 10% what happens to me and 90% how I react to it… We are in charge of our attitudes” (C. Swindol)


Foreclosure Prevention. Loan Modification for homeowner. Charlotte NC

Foreclosure Prevention. Loan Modification for homeowner.

Foreclosure Prevention

Foreclosure Prevention

Loan Modification Definition.
Loan modification is a process in which the lender works with the homeowner who is facing foreclosure or financial hardship and is having trouble making mortgage payment. The lender’s goal is to change the terms of the mortgage loan and make it affordable for the borrower.  The new terms for the loan will vary from lender to lender. Some of the changes could include: Temporary or permanent changes to the mortgage rate, term and monthly payments, the past due amount could be rolled into the loan, and the new balance re-amortized.
What to expect under President Obama’s  plan?
The main goal of the Loan Modification program under President Obama’s “Homeowner Affordability and Stability Plan” announced on February 18, 2009, is to reduce the monthly mortgage payments for homeowner struggling to make the payment.
  • The Lender has to bring down interest rates so the monthly payments don’t exceed 38% of the borrower’s income.
  • This initiative will match dollar-for-dollar any further reduction until the ratio comes down to 31%.
  • The principal will also be reduced, if necessary, to lower the monthly payments. The Treasury Department will share the costs.
  • Homeowner will be on a trial test with the new monthly payment for 3 months. If they make every payment on time the new rate and monthly payments will be fixed for five years.
Requirements for Eligibility
  • Your mortgage had to be originated before January 1, 2009
  • Owner-occupant (No investors)
  • Unpaid balance of $729,750 or less.
  • Be in financial hardship.
    • Due to increase in your mortgage
    • Income reduction
    • Suffer Hardship
    • Note: If you cannot afford the home due to job loss or a complete inability to pay, you will not qualify.
  • Monthly payments have to be 31% of your gross monthly income.
There are several non-profit organizations in Charlotte NC and surrounding areas that can help you at no cost.
4601 Charlotte Park Dr. Ste 350, Charlotte, NC 28217       (704) 342-0933

4822 Albemarle Rd, Charlotte, NC 28205      (704) 536-7676
For more information visit http://www.makinghomeaffordable.gov/ or call us, we will assist you with any questions or need you have…
We hope you’ll find this information useful!
(Note: I apologize for any grammatical errors in this blog. My primary language is Spanish and I am currently working on improving my grammar in English. Thanks for understanding.)

John Paul Soto

John Paul Soto

John Paul Soto choose to work in Charlotte, NC real estate because he genuinely enjoy working with people, and believe it is an industry that rewards dedication and personal initiative. He also want to give back to his community, and he is currently employed as a firefighter for the Charlotte Fire Department.

John Paul Soto was born and raised in Guatemala, and moved to Charlotte in 2002 to attend college. He is currently pursuing a Bachelor’s degree in Business Management, and will continue to make his home in Charlotte, NC after graduation.

He takes great pride in his accomplishments and hope to continue to build a successful track record helping other people achieve theirs. He is now part of “The Soto and Ferreira Group” on of Charlotte’s NC best Real Estate Groups.

Thanks,

John Paul

Buyers and Sellers beware!!

Buyers and Sellers beware!!

 Buyers and Sellers Beware

Buyers and Sellers Beware

 

If you are a buyer or a seller  involved in a one million dollars home in South ParkBallantyne or a one hundred thousand home any where in North Carolina, please be aware of any material facts directly or indirectly related to the real estate property. Your agents must at all times exercise a reasonable degree of skills and diligence when it comes to any issue affecting the real estate property.

 

When two agents were showing property in a certain subdivision to a buyer client, they realized that there was a cement plant very close to the property. At the time, the buyer took the time to ask some neighbors about the plant and was told that they loved their house and that the noise did not bother them. Agents need to have in mind that buyers often buy a home moved by emotions. Therefore; it is our responsibility as realtors to do the work for our clients.

The buyer end up falling in love with the house and submitted an offer.  Of course, the offer was accepted. The realtors were present for the inspection and were surprised to hear from the inspector that there was a lawsuit going on between the HOA and the developer for over two years. The inspector was concerned too and made sure that the issue was noted on his inspection report. 

The listing agent was well aware of the lawsuit but never bother in disclosing it as required by the state. The property disclosure form never mentioned anything about the issue. An article by Jenny Overman in the Times News stated that several residents are concerned about the property value of the homes located near the concrete plant. A resident who’s house have been on the market for over six months said that over 30 Realtors representing buyers has shown the home with no success. According to the owner, some of the buyers refused to enter the home after being aware of the plant.

As realtors, we can not jeopardize our client’s most valuable investment. It is our responsibility to disclose information affecting the transaction or we can be liable for any damages that result.

It is not over yet. Go to www.yourcharlotteagents.com and read my next blog for the closing of this transaction. Thanks and have a great day…

 

Maria Ferreira. Broker/Realtor

Maria Ferreira. Broker/Realtor

Maria Ferreira is a native of Brazil and has been living in the USA for the past 19 years. After living in Florida for most of this time, her family decided to relocate to Charlotte and she loves it. Maria has a Florida Atlantic University Bachelor’s degree in Business Health Care Management, but it is in real estate that she has found her passion. She speaks English, Spanish, and Portuguese which gives her the capability of providing real estate service to a diversified group of people. Maria is very personable and takes every opportunity she has to learn from others. She believes that a great Realtor will make the difference when her clients are purchasing and selling real estate. One of Maria’s goals is to carefully guide you throughout the entire process and provide high quality service that will result in a positive experience for every client.

Five more reasons why I love Charlotte NC…

Five more reasons why I love Charlotte NC

Hey there, I hope my last blog help you get an idea of what to expect form Charlotte NC. I am going to provide you with five more reasons why I think Charlotte NC is one of the best places to live…

Reason # 6:  Charlotte NC Sports

If you are a fan of sports, if you enjoy tailgating and going to games, this is your city. Charlotte is home of the Carolina Panthers football teamCharlotte Bobcats basketball team, and the Charlotte Checkers hockey team. So you can enjoy sports all year round.

Reason # 7:  Charlotte NC Diversity…

Charlotte NC is known to be 53% big city and 47% big town. With that been said, Charlotte is a fast growing city.  Diversity is getting better and bigger every day. I love Charlotte’s diversity not only in people, but also in its diverse architecture. Charlotte’s neighborhoods range from new constructions to historic beautiful houses. From trendy cool neighborhoods to well established family neighborhoods. In Charlotte NC, it does not matter your price range or your taste, you will find your dream home!

Reason # 8:   Ballantyne… 

Ballantyne is one of Charlotte’s newest, coolest, and most desirable neighborhoods to live in. Ballantyne is a combination of everything you need within minutes of your home. Restaurants, bars, lounges, shopping centers, bookstores, coffee shops, movie theaters, and much more! With easy access form I-77 and I-485, Ballantyne is a perfect neighborhood. 

Reason # 9:   Charlotte NC Architecture…

You would find yourself driving without any particular reason around Charlotte’s unique neighborhoods. You will find gorgeous  bungalows in MidwoodElizabeth, Chantilly, NoDa, and Dilworth. Foxcroft ranches and Myers Park mansions are also good examples  of neighborhoods that make the queen city just an awesome place to live.

 

Reason # 10:   NASCAR…. 

If you feel the need…. the need for speed! This is your city. Charlotte is 30 minutes from the Lowes motor speed way and now home of the NASCAR hall of fame… which should be completed by 2010. 

 

Thanks for reading and please feel free to give us your comments… until next time… Have a great one.

 

John Paul Soto

John Paul Soto

 John Paul Soto choose to work in Charlotte NC real estate because he genuinely enjoy working with people, and believe it is an industry that rewards dedication and personal initiative. He also want to give back to his community, and he is currently employed as a firefighter for the Charlotte Fire Department.

John Paul Soto was born and raised in Guatemala, and moved to Charlotte in 2002 to attend college. He is currently pursuing a Bachelor’s degree in Business Management, and will continue to make his home in Charlotte NC after graduation.

He takes great pride in his accomplishments and hope to continue to build a successful track record helping other people achieve theirs.

What I love about Charlotte NC, 10 Reasons why to choose Charlotte NC….

What I love about Charlotte NC, 10 Reasons why to choose Charlotte NC….

 

There are thousands of things that I could tell you about Charlotte NC and it’s surrounding areas but I will leave it to 5 simple reasons for now, next blog I will provide you with 5 more…and in future blogs I would talk more in depth about each reason and more about Charlotte surrounding areas… hoping to provide to you more information, and paint a better picture about Charlotte NC…

Reason # 1: The Weather in Charlotte NC…

I come from Guatemala in Central America. Guatemala is known as “The Country of Eternal Spring” so needless to say I don’t like extreme cold or extreme heat. That’s why Charlotte is such a perfect place if you are like me. Charlotte has all four seasons with no extreme cold and no extreme heat. 

Reason # 2: Location, location, location…

– Charlotte is 2 hrs from the mountains and from the beautiful Blue Ridge Parkway.

– Charlotte is 3 hrs from the beach. Charleston SCMyrtle Beach and others…

– Charlotte is 4 hrs from Atlanta Georgia.

Reason # 3: The Charlotte NC Food!!! 

– If Charlotte NC is known for something, it’s food! Restaurants are everywhere but if you are in the area you have got to go to two places for sure!

1. Price’s Chicken Coop. The best fried chicken you will ever try! 

2. Bar -B-Q King. The best BBQ you will ever try! 

Reason # 4: Charlotte’s Up-Town

Charlotte’s Up-town is beautiful, clean and safe. With the new EpiCenter, Charlotte’s up-town is complete. We have tons of restaurants, bars, night clubs, coffee shops, ice-cream shops, movie theaters, theaters, bowling alleys, Charlotte Bobcats StadiumCharlotte Panthers Stadium, and much, much more… 

Reason # 5:  Charlotte NC Real Estate

Charlotte was named the Best City to live in according to Relocate-America.com’s annual list.

Charlotte’s diversity of housing options and home affordability are great reasons to choose this city. Charlotte NC Real Estate has a strong economy, boosted largely by the banking industry.

I will give you 5 more reasons in my next blog.. until then.. take care…

 

John Paul Soto

John Paul Soto

 John Paul Soto choose to work in Charlotte NC real estate because he genuinely enjoy working with people, and believe it is an industry that rewards dedication and personal initiative. He also want to give back to his community, and he is currently employed as a firefighter for the Charlotte Fire Department.

John Paul Soto was born and raised in Guatemala, and moved to Charlotte in 2002 to attend college. He is currently pursuing a Bachelor’s degree in Business Management, and will continue to make his home in Charlotte NC after graduation.

He takes great pride in his accomplishments and hope to continue to build a successful track record helping other people achieve theirs.