A new Homeowner's Bill of Rights, SB 321, aims to eliminate the runaround some homeowners got from banks by requiring lenders to assign homeowners a single person to contact. It bans dual-tracking, in which a bank pursues a foreclosure at the same time a homeowner is working on a short sale. And it eliminates "arm's length" rules, in which banks barred people from buying distressed properties from their relatives or other close associates.Read More »
Residential Real Estate
Led by the behemoth Blackstone Group, the largest alternative investment company in the world, institutional investors are buying a lot of single-family homes in Charlotte, fixing them up, renting them out and holding onto them to see if they rise in value. One of every five houses sold in May, June and July in the Charlotte market went to big investors, a higher percentage than in any other market but Atlanta.
Tagged with: American Homes for Rent blackstone group Eric Locher invitation homes j.c. underwood Metrolina Real Estate Investors Association Nancy Braun national association of real estate investment trusts national real estate investors association oakmont homes RealtyTrac rentrange robert shiller The American Home Tom PearsonRead More »
Trulia, the online real estate search engine, just released a survey of the top 100 metro areas, looking to answer the age old question: Should you rent or should you buy? Their answer for Charlotteans is buy.Read More »
Thanks to a building permit worth $755,872, a property owner on the Peninsula soon will be able to boast, “I can see Denver from my house.” That property owner, Ramzi Abul-Hajj of Huntersville, on Tuesday pulled the most valuable Mecklenburg County single-family home permit of the year to build a 10,000-plus square-foot waterfront home on the very westernmost tip of the county’s extension into Lake Norman, according to county records.Read More »
If you have to save trees in the forest, and there is no forest, does it make a noise at town hall? That was the question recently brought before the Huntersville Planning Board.Read More »
Jim Lane is a man on a mission. The Huntersville resident wants to reform and improve homeowners associations, which he believes have run amok and are “too controlling of residents’ lives.” Lane said he’s petitioning all Charlotte area HOAs and homeowners to join his new organization, "Greater Charlotte Alliance of Homeowners Associations." Homeowners in disputes with their HOAs will get some relief from two laws passed by the N.C. General Assembly during this year’s session, one of which takes effect Oct. 1.
Tagged with: Alliance of Brunswick County Property Owners Bill Bittenberger Gilead Ridge Greater Charlotte Alliance of Homowners Associations HOA foreclosures Home Owners Association of North Carolina Horack Talley Jim Lane Jim Laumann Mike Hunter N.C. General Assembly Rep. Rodney MooreRead More »
Foreclosure activity down from last year, but Mecklenburg and York counties see month-over-month spike
Although foreclosure activity in the Charlotte area has declined over the past year, it jumped up between July and August this year in Mecklenburg and York counties, according to a report issued by RealtyTrac.Read More »
Meritage Homes, one of the bigger homebuilders in the country, on Tuesday night appeared before the Wesley Chapel Village Council asking for increased density on the zoning of 125 acres at the intersection of Potter and Beulah Church roadsRead More »