By Scott Baughman
Published: November 22,2011
Lexie Longstreet had what appeared to be the perfect homebuyer. The woman had a credit score of 800 and had saved enough for a 20 percent down payment on a condo in Plaza Midwood, an up-and-coming Charlotte neighborhood. The homebuyer had also just gotten a promotion. But that move up the corporate ladder at one [...]
By Tara Ramsey, staff writer
Published: November 15,2011
Realtor Thomas Harte had a contract on a 1920s-era home in Charlotte’s Elizabeth neighborhood. The five-bedroom, four-bath, fully renovated house at 425 Clement Ave. was listed at $790,000. With a tax value of $1.23 million, Harte thought the home would appraise at fair market value. Then came the disappointment. The late-August appraisal came in $25,000 [...]
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