Charlotte Foreclosures|Charlotte Short Sales

FREE Charlotte Foreclosure Listings and Homes With Special Conditions

Welcome To Charlotte Foreclosures

Charlotte Foreclosure Listings By Town/City

Just click on your town of choice and easily find the foreclosed homes for sale!

City-MLS area City-MLS area City-MLS area
Mooresville – 12 Charlotte 1-9 Concord – 11
Gastonia – 16 Cornelius – 1 Huntersville – 1,9,11
Denver – 14 Kannapolis -11,21 Troutman – 12
Matthews 3,4,10 Belmont – 16 Sherrills Ford – 29
Davidson – 1,11 Mint Hill – 3 Harrisburg – 11
Waxhaw/Weddington – 10 Charlotte Foreclosures By Price Charlotte Foreclosed Condo’s For sale

Charlotte MLS Areas

Charlotte Foreclosures

Mountain Island Lake Foreclosures For Sale

Homes for sale

Listings 1 - 20 of 44   next

1931 Mt Isle Harbor DR -- 5 BR, 4.2 BA
Price: $685,000 (3900 - 4600 sqft)
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HM Properties | MLS # 2056198 | Active
212 Woodwinds DR -- 4 BR, 3.1 BA
Price: $679,900 (3300 - 3900 sqft)
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Century 21 Murphy & Rudolph | MLS # 2074731 | Active
12576 Woodland Cove CT -- 4 BR, 3.1 BA
Price: $601,000 (3100 - 3700 sqft)
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Coldwell Banker United | MLS # 865432 | Active
300 Stonewater Bay LN -- 7 BR, 5.1 BA
Price: $525,000 (7200 - 8500 sqft)
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Dillahunt Realty | MLS # 978720 | Conditional
105 Woodwinds DR -- 5 BR, 4.1 BA
Price: $399,900 (5000 - 5900 sqft)
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Coldwell Banker United | MLS # 2060363 | Contingent
124 Whiterock DR -- 4 BR, 2.1 BA
Price: $369,900 (3300 - 3900 sqft)
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Coldwell Banker-Black & Whisna | MLS # 2084441 | Active
1713 Mt Isle Harbor DR -- 4 BR, 3.1 BA
Price: $350,000 (4000 - 4800 sqft)
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Century 21 Murphy & Rudolph | MLS # 2052983 |
2126 Mt Isle Harbor DR -- 4 BR, 2.1 BA
Price: $309,000 (2800 - 3400 sqft)
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Wilkinson & Associates | MLS # 2069552 | Active
2624 Mt Isle Harbor DR -- 5 BR, 2.1 BA
Price: $299,900 (3100 - 3700 sqft)
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Park Avenue Properties, LLC | MLS # 2045464 | Conditional
11416 Abernathy RD -- 3 BR, 3.1 BA
Price: $275,000 (3100 - 3700 sqft)
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David Kerner Properties | MLS # 2085476 | Active
1528 Mt Isle Harbor DR -- 4 BR, 2.1 BA
Price: $274,900 (2200 - 2700 sqft)
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Team Cooper | MLS # 2059684 | Active
11338 Mangla DR -- 4 BR, 3 BA
Price: $234,900 (2800 - 3300 sqft)
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RE/MAX Executive Realty | MLS # 2071244 |
11313 Mangla DR -- 4 BR, 3 BA
Price: $229,000 (2500 - 3000 sqft)
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Allen Tate Company | MLS # 2076216 | Active
2030 Mountain Park DR -- 5 BR, 3 BA
Price: $184,900 (2200 - 2700 sqft)
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Exit Realty South | MLS # 2027259 | Active
9633 Long Hill DR -- 3 BR, 2.1 BA
Price: $169,500 (2300 - 2800 sqft)
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Carolinas Metro Realty | MLS # 2078124 | Active
2334 Winding River DR -- 3 BR, 2 BA
Price: $162,000 (2300 - 2800 sqft)
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TradeStreet Realty | MLS # 2082221 | Conditional
10518 Carver Falls RD -- 3 BR, 2.1 BA
Price: $150,000 (1800 - 2200 sqft)
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Allen Tate Company | MLS # 2082830 | Active
2303 Harwood Hills LN -- 4 BR, 2.1 BA
Price: $129,500 (2600 - 3100 sqft)
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RE/MAX Executive Realty | MLS # 2082226 |
9539 Long Hill DR -- 3 BR, 2.1 BA
Price: $125,000 (1200 - 1600 sqft)
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Keller Williams South Park | MLS # 2045099 | Conditional
10314 Carver Falls RD -- 3 BR, 2 BA
Price: $119,900 (1500 - 1800 sqft)
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TradeStreet Realty | MLS # 2071956 |

The data relating to real estate on this Web site derive in part from the Carolina Multiple Listing Services, Inc. IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Carolina Living Real Estate nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers -- personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2012 Carolina Multiple Listing Services, Inc.
Data updated May 18, 2012

Charlotte Foreclosed Condo’s For Sale

Charlotte Foreclosed Condo’s Priced under $99,999

Charlotte Foreclosed Condo’s Priced between $99,999 and $199,999

Charlotte Foreclosed Condo’s Priced between $199,999 and $299,999

Charlotte Foreclosed Condo’s Priced between $299,999 and $399,999

Charlotte Foreclosed Condo’s Priced between $399,999 and $499,999

Charlotte Foreclosed Condo’s Min Price $499,999

Charlotte Foreclosed Condo’s Up To 99,9999

charlotte homes for sale

Listings 1 - 20 of 201   next

12053 Windy Rock WAY -- 3 BR, 2.1 BA
Price: $99,999 (1600 - 2000 sqft)
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Allen Tate Company Inc. | MLS # 996496 |
12309 Paperbark CIR -- 3 BR, 3.1 BA
Price: $99,900 (1700 - 2100 sqft)
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RE/MAX Executive Realty | MLS # 2077957 |
1320 Fillmore AVE -- 1 BR, 1 BA
Price: $99,900 (400 - 600 sqft)
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RE/MAX Executive Realty | MLS # 2081569 | Conditional
12319 Jessica PL -- 3 BR, 2.1 BA
Price: $99,000 (1300 - 1600 sqft)
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Keller Williams BallantyneArea | MLS # 2084511 | Active
626 N Graham ST -- 0 BR, 1 BA
Price: $97,500 (600 - 800 sqft)
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Allen Tate Company | MLS # 2015923 | Conditional
3018 Golden Dale LN -- 2 BR, 2.1 BA
Price: $97,000 (1000 - 1300 sqft)
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Allen Tate Company | MLS # 2067757 | Active
4642 Forestridge Commons DR -- 2 BR, 2.1 BA
Price: $95,500 (1400 - 1800 sqft)
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Century 21 At The University | MLS # 2027060 | Active
11214 Grass Field RD -- 3 BR, 2.1 BA
Price: $94,900 (1000 - 1300 sqft)
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Allen Tate Company | MLS # 2077070 | Active
1060 36th ST -- 1 BR, 1 BA
Price: $94,900 (700 - 900 sqft)
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RE/MAX Executive Realty | MLS # 2071617 |
14723 Lions Paw ST -- 3 BR, 2.1 BA
Price: $94,900 (1300 - 1700 sqft)
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Benham Real Estate Group, Inc. | MLS # 2082974 | Active
3205 Davidson ST -- 1 BR, 1 BA
Price: $94,000 (700 - 900 sqft)
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Savvy + Co Real Estate | MLS # 2072151 | Active
9126 Kings Canyon DR -- 2 BR, 2 BA
Price: $92,000 (1200 - 1500 sqft)
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Giving Tree Realty | MLS # 2077373 |
4739 Hedgemore DR -- 2 BR, 2 BA
Price: $90,900 (1000 - 1300 sqft)
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Allen Tate Company | MLS # 2073510 | Active
464 New Bern Station CT -- 1 BR, 1 BA
Price: $90,000 (600 - 800 sqft)
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Keller Williams BallantyneArea | MLS # 2050588 | Contingent
1344 Green Oaks LN -- 2 BR, 1.1 BA
Price: $90,000 (800 - 1100 sqft)
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Carolinas Elite Realty | MLS # 2083636 | Active
9454 S Vicksburg Park CT -- 2 BR, 2 BA
Price: $90,000 (800 - 1100 sqft)
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Prudential Carolinas Realty | MLS # 2052800 | Active
4530 Glenlea Commons DR -- 3 BR, 2.1 BA
Price: $90,000 (1900 - 2300 sqft)
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Nancy Campbell, Realtor | MLS # 2029165 |
7029 Elm Hill CT -- 2 BR, 2.1 BA
Price: $90,000 (1200 - 1500 sqft)
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Keller Williams Lake Norman | MLS # 2060651 | Active
9037 Cinnabay DR -- 2 BR, 2.1 BA
Price: $89,900 (1100 - 1300 sqft)
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Fesmire Marshall Properties | MLS # 2080199 | Active
6043 Heath Valley RD -- 3 BR, 2.1 BA
Price: $89,900 (1100 - 1400 sqft)
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Keller Williams BallantyneArea | MLS # 2071879 | Active

The data relating to real estate on this Web site derive in part from the Carolina Multiple Listing Services, Inc. IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Carolina Living Real Estate nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers -- personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2012 Carolina Multiple Listing Services, Inc.
Data updated May 18, 2012

Charlotte Foreclosed Condo’s For Sale Min Price 99999 Max Price 199999

charlotte homes for sale

Listings 1 - 20 of 148   next

14705 Ballantyne Village WAY -- 2 BR, 2.2 BA
Price: $199,900 (1900 - 2400 sqft)
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RE/MAX Metro Realty | MLS # 2083555 | Conditional
5237 Berkeley Estates DR -- 3 BR, 2.1 BA
Price: $199,900 (2200 - 2600 sqft)
→ More info
South Charlotte Properties | MLS # 2076064 | Conditional
9501 Kings Parade BLVD -- 3 BR, 2.1 BA
Price: $199,000 (2000 - 2400 sqft)
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RE/MAX Executive Realty | MLS # 2060905 |
437 Clarkson Green PL -- 3 BR, 2.1 BA
Price: $199,000 (1400 - 1700 sqft)
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Kerestan Realty | MLS # 2044028 | Conditional
333 Trade ST -- 1 BR, 1 BA
Price: $198,000 (600 - 800 sqft)
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TradeStreet Realty | MLS # 2082252 | Active
210 N Church ST -- 1 BR, 1 BA
Price: $195,000 (700 - 900 sqft)
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CottinghamChalkHayes, Realtors | MLS # 2049097 | Contingent
333 W Trade ST -- 1 BR, 1 BA
Price: $195,000 (600 - 800 sqft)
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Allen Tate Company | MLS # 2033784 |
4910 South Hill View DR -- 2 BR, 2.1 BA
Price: $194,500 (1100 - 1400 sqft)
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Coldwell Banker United | MLS # 2065704 | Conditional
927 Hill ST -- 2 BR, 2 BA
Price: $191,000 (1700 - 2000 sqft)
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Cross Realty, Inc | MLS # 2065206 |
913 W Hill ST -- 2 BR, 2 BA
Price: $190,000 (1800 - 2200 sqft)
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HM Properties | MLS # 2055594 | Conditional
315 Arlington AVE -- 2 BR, 2 BA
Price: $190,000 (1100 - 1400 sqft)
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Park Avenue Properties, LLC | MLS # 2070518 |
310 Arlington AVE -- 1 BR, 1 BA
Price: $189,900 (1400 - 1700 sqft)
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My Townhome | MLS # 2059863 | Contingent
10541 Morablin DR -- 2 BR, 2.2 BA
Price: $189,900 (1900 - 2300 sqft)
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CottinghamChalkHayes, Realtors | MLS # 2085657 | Active
9232 Oban Passage DR -- 3 BR, 2.1 BA
Price: $189,000 (2000 - 2400 sqft)
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RE/MAX Executive Realty | MLS # 2054441 | Active
9240 Oban Passage DR -- 3 BR, 2.1 BA
Price: $189,000 (2000 - 2400 sqft)
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RE/MAX Executive Realty | MLS # 2050530 | Active
9505 Kings Parade BLVD -- 3 BR, 2.1 BA
Price: $189,000 (2000 - 2400 sqft)
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RE/MAX Executive Realty | MLS # 2050536 | Active
7523 Hurstbourne Green DR -- 3 BR, 2.1 BA
Price: $185,000 (1400 - 1700 sqft)
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RE/MAX Executive Realty | MLS # 2076145 |
5458 Prosperity View DR -- 2 BR, 2 BA
Price: $185,000 (1700 - 2100 sqft)
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Allen Tate Company | MLS # 2073807 | Active
6521 Central Pacific AVE -- 3 BR, 2.1 BA
Price: $185,000 (1700 - 2100 sqft)
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RE/MAX Executive Realty | MLS # 2065944 | Active
11407 Olde St Andrews CT -- 2 BR, 2 BA
Price: $184,900 (1200 - 1600 sqft)
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Keller Williams BallantyneArea | MLS # 2067836 | Active

The data relating to real estate on this Web site derive in part from the Carolina Multiple Listing Services, Inc. IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Carolina Living Real Estate nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers -- personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2012 Carolina Multiple Listing Services, Inc.
Data updated May 18, 2012

Charlotte Foreclosed Condo’s For Sale Min Price 199999 Max Price 299999

charlotte homes for sale

Listings 1 - 20 of 26   next

505 6th ST -- 2 BR, 2 BA
Price: $299,000 (1400 - 1800 sqft)
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Allen Tate Company | MLS # 2050731 | Conditional
3242 Park RD -- 2 BR, 2.1 BA
Price: $299,000 (1500 - 1800 sqft)
→ More info
Allen Tate Company | MLS # 2065194 | Conditional
201 Hillside AVE -- 3 BR, 3.1 BA
Price: $294,900 (1700 - 2100 sqft)
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Vision Group Realty | MLS # 2082181 | Active
10115 Dominion Village DR -- 3 BR, 2 BA
Price: $280,625 (2000 - 2400 sqft)
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Keller Williams Lake Norman | MLS # 2074519 | Active
4709 Polo Gate BLVD -- 2 BR, 2 BA
Price: $279,000 (1500 - 1900 sqft)
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Keller Williams Mooresville | MLS # 2085592 | Active
530 N Poplar ST -- 2 BR, 2.1 BA
Price: $275,000 (1100 - 1400 sqft)
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Allen Tate Company | MLS # 2048180 | Conditional
300 5th ST -- 2 BR, 2 BA
Price: $259,900 (900 - 1100 sqft)
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Kerestan Realty | MLS # 2066776 |
2609 Huntman WAY -- 3 BR, 3.1 BA
Price: $259,900 (2500 - 3000 sqft)
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DAO & Associates Realty LLC | MLS # 2064277 | Active
10328 Berkeley Pond DR -- 4 BR, 3.1 BA
Price: $254,900 (3100 - 3700 sqft)
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Coldwell Banker United | MLS # 2079813 | Active
2916 Autumn Harvest LN -- 3 BR, 2 BA
Price: $250,000 (2000 - 2400 sqft)
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RE/MAX Executive Realty | MLS # 2076383 | Active
310 Arlington AVE -- 1 BR, 1 BA
Price: $250,000 (1800 - 2300 sqft)
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My Townhome | MLS # 2015976 |
6723 Louisburg Square LN -- 2 BR, 2 BA
Price: $249,900 (1000 - 1300 sqft)
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RE/MAX Executive Realty | MLS # 2085089 | Active
3531 Kylemore CT -- 4 BR, 2.2 BA
Price: $240,000 (2200 - 2700 sqft)
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Keller Williams South Park | MLS # 998080 | Active
2084 Ayrsley Town BLVD -- 2 BR, 2.1 BA
Price: $240,000 (1500 - 1900 sqft)
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Tierra Bella Realty Inc. | MLS # 2007010 | Active
4607 Curraghmore RD -- 2 BR, 2.1 BA
Price: $229,900 (1600 - 2000 sqft)
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Allen Tate Company | MLS # 2077846 | Active
223 Torrence ST -- 2 BR, 2.1 BA
Price: $225,000 (1600 - 1900 sqft)
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My Townhome | MLS # 2074100 | Active
8416 Indigo Row _ -- 3 BR, 2.1 BA
Price: $224,900 (1800 - 2200 sqft)
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RE/MAX Executive Realty | MLS # 2069723 | Active
1320 Fillmore AVE -- 2 BR, 1.1 BA
Price: $224,900 (1000 - 1300 sqft)
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Keller Williams South Park | MLS # 2079320 | Active
2151 Belle Vernon AVE -- 2 BR, 2.2 BA
Price: $220,000 (2300 - 2800 sqft)
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Showcase Realty LLC | MLS # 2080897 | Active
455 M ST -- 2 BR, 2 BA
Price: $220,000 (800 - 1000 sqft)
→ More info
JLK Real Estate Agency | MLS # 2076675 | Active

The data relating to real estate on this Web site derive in part from the Carolina Multiple Listing Services, Inc. IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Carolina Living Real Estate nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers -- personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2012 Carolina Multiple Listing Services, Inc.
Data updated May 18, 2012

Charlotte Foreclosed Condos for Sale Min Price 299999 Max Price 399999

charlotte homes for sale

Listings 1 - 8 of 8

6301 Park South DR -- 3 BR, 2.1 BA
Price: $379,000 (2500 - 3100 sqft)
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Keller Williams South Park | MLS # 2008237 | Conditional
2819 Sharon View RD -- 3 BR, 2.1 BA
Price: $370,000 (1600 - 2000 sqft)
→ More info
M. Miller & Company, LLC | MLS # 2069256 | Active
210 Church ST -- 2 BR, 0.2 BA
Price: $370,000 (1100 - 1400 sqft)
→ More info
RE/MAX Executive Realty | MLS # 2069268 | Conditional
210 Church ST -- 2 BR, 2 BA
Price: $360,000 (1000 - 1300 sqft)
→ More info
Keller Williams South Park | MLS # 2084037 | Active
3250 Park RD -- 2 BR, 2.1 BA
Price: $339,000 (2000 - 2400 sqft)
→ More info
Wilkinson & Associates | MLS # 2084988 | Active
1500 South BLVD -- 2 BR, 2 BA
Price: $334,900 (2000 - 2400 sqft)
→ More info
Prudential Carolinas Realty | MLS # 2080982 |
6709 Louisburg Square LN -- 2 BR, 2.1 BA
Price: $315,000 (1500 - 1900 sqft)
→ More info
Allen Tate Company | MLS # 2026662 | Active
3254 Park RD -- 3 BR, 2.1 BA
Price: $300,000 (1900 - 2300 sqft)
→ More info
Oak Realty, LLC | MLS # 2017398 | Active

The data relating to real estate on this Web site derive in part from the Carolina Multiple Listing Services, Inc. IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Carolina Living Real Estate nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers -- personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2012 Carolina Multiple Listing Services, Inc.
Data updated May 18, 2012

Charlotte Foreclosed Condos For Sale – Min Price 399,999 Max Price 499999

charlotte homes for sale

Listings 1 - 1 of 1

626 Queens RD -- 3 BR, 2.1 BA
Price: $450,000 (1800 - 2200 sqft)
→ More info
My Townhome | MLS # 2045867 | Conditional

The data relating to real estate on this Web site derive in part from the Carolina Multiple Listing Services, Inc. IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Carolina Living Real Estate nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers -- personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2012 Carolina Multiple Listing Services, Inc.
Data updated May 18, 2012

Charlotte Foreclosed Condo’s For Sale – Minimum Price 499,999

charlotte homes for sale

Listings 1 - 3 of 3

221 Tryon ST -- 4 BR, 4.1 BA
Price: $1,020,000 (3600 - 4300 sqft)
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HM Properties | MLS # 2081683 | Active
1701 Sterling RD -- 4 BR, 3.1 BA
Price: $575,000 (2800 - 3300 sqft)
→ More info
Pridemore Properties | MLS # 2055991 | Active
5418 Green Rea RD -- 4 BR, 3.1 BA
Price: $500,000 (3100 - 3700 sqft)
→ More info
RE/MAX Executive Realty | MLS # 2041160 | Conditional

The data relating to real estate on this Web site derive in part from the Carolina Multiple Listing Services, Inc. IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Carolina Living Real Estate nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers -- personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2012 Carolina Multiple Listing Services, Inc.
Data updated May 18, 2012

Should I Buy A Charlotte Short Sale

Should I Buy A Short Sale?

Frankly, Charlotte Short-Sales are one of the best deals in the marketplace.  These homes sell for 5% to 10% BELOW bank owned homes; which helps to make them the best deals on the market.  Only make an offer on a Short Sale when you are certain that the agent who is selling the home and your agent as a buyer both know the process involved in Short Sales.  Be prepared because the process cold take up to 6 months or more.  If your agent understands how the Short Sale works and what’s needed to complete the entire process, things undoubtedly will go smoother for you. So what are the key steps to getting into a Short Sale? Key Step 1Do you have the time?  Short Sales take longer, plain and simple.  Charlotte Short Sales can take 60 days up to 9 months.  This is, once again, where your agent knowing what they are doing and understanding the entire process of a Short Sale is important.  Now keep in mind not every situation is “normal”; about 70% of situations are “normal”.  You also have to also keep in mind that Short Sales are up from 8% in 2010 to 28% in 2011.  That means that Short Sales are definitely going a lot faster, but you still have to make sure that you have a little bit of time. Here’s an example of what happens with a Short Sale; a home that sold 3 years ago for $527,000 sold in a Short Sale for $275,000.  That same home, if it were bank owned, might sell for about $350,000.  So Short Sales are definitely the best deal out there; but you have to make sure you have the time that it’s going to take to do the process and do it right.  So why do they banks do this?  Once again, a bird in the hand is worth two in the bush.  They want their money and they want it as fast as possible. Key Step 2Work with a Carolina Living Realtor that KNOW’s Short Sales.  Be blunt; ask them right up front to show you their track record with Short Sales.  Tell them to give you proof that they know Short Sales.  A good realtor understands the process and makes your life a little easier.  As a buyer, you’re not paying for the fees, the bank is, so you want to make sure you get a realtor that is good and is going to work for you.  Carolina Living as The listing agents we work with a local law firm to assist us with negotiating with the banks. This is a recommendation we make to help expedite the process. If you are considering a short sale of your home, we can put you in touch with them to get all your questions answered. Key Step 3Be open minded to a counter-offer from the bank.  Most of the time a bank will make a counter-offer.  Be willing to consider it.  The banks are willing to work with you, they’re just NOT willing to give the home away.  They go off the BPO (Broker Price Opinion). Again, your realtor should know and understand this process and the listing realtor definitely needs to know. So why do banks do Short Sales?  Frankly, banks make more money on a Short Sale than they do on a foreclosure.  They make 10%-13% more money on a Short Sale.  The home stays in better shape when they’re making a Short Sale because the owner lives in it until the closing.  There are no added costs of maintenance and upkeep for the bank if the owner remains in the home.  It’s a more solid deal for the bank than allowing the home to go into foreclosure.  If they can get it done in a Short Sale they’re better off financially. It’s all about the money.  That is why your offer needs to be a fair offer and not 40% to 60% below the market value.  Have your realtor run a market analysis for you before you make the offer so you have something to back you up. So if you want to make an offer at 40-60% below the market value, then be prepared to wait 12-20 months for you to get to a final deal.  It comes down to being realistic. So why are we offering this information on Short Sales free of charge to you?  Honestly?  We want to make sure that YOU get a good and fair deal, no matter who you work with as your realtor.  We know that if we get this information out into the marketplace then everybody wins!  Knowledge is power.  Don’t get me wrong, we make a living by selling homes and we would love to help you with buying a Charlotte Short Sale.  We are knowledgeable and we have that track record to prove it.  We love what we do and selling homes is our passion but it also is what pays our bills.  If we can help you make a Charlotte Short Sale please give us a call or drop us an email.  Most of all, we want to make sure you understand what you need to do in order to buy a Short Sale and understand what you want to look for in a realtor.  We can definitely offer our services and be that realtor that makes your Short Sale run as smoothly and happen as fast as possible.

Charlotte Foreclosures and Short Sales 1st Quarter 2011 Statistics

Actually these statistics are for the 1st 5 months of 2011.

Charlotte Foreclosures – Active

There are 1708 Foreclosures and Short Sales For Sale
The average list price is $174,127
The average days on the market is 122

Charlotte Foreclosures – Sold

There have been 1883 Short Sales and Foreclosures sold in our MLS area(excluding Lake Norman).

Of these, the average sales price was $141,255.
The average sales price was $149,722.
The average Days on the Market was 104
The high price was $1.2 million and the low price was $4000.
The average Sold Price to List Price was 93%