Mecklenburg Times: News for Mecklenburg, Union and Iredell counties Real Estate, Development, Construction, and Community News in the Charlotte area and throughout Mecklenburg, Union and Iredell counties

A group of investors who agreed to buy undeveloped coastal lots without consulting appraisals or considering how to finance the purchase cannot hold banks and appraisers responsible for alleged inflated appraisals, according to a recent North Carolina Supreme Court ruling. ...

Two Charlotte residents touting foreclosure-prevention and debt-reduction services have pleaded guilty to conspiring to defraud the U.S. government through the filing of false tax returns. In May, Daniel Heggins and Joan Clark, operators of Guarantor Manufacturer Inc., were indicted on ...

WASHINGTON – September marked a slowdown in Americans signing contracts to buy homes, the second consecutive decline for a real estate market that has been rebounding for the first half of 2015. The National Association of Realtors said Thursday that ...

Tagged with: home buyers

The share of homes that were bought with cash in the Charlotte area fell 2.7 percentage points in June from a year earlier, according to real estate information and analytics provider CoreLogic. Cash sales in the Charlotte-Concord-Gastonia area accounted for ...

Tagged with: cash sales

The Charlotte region and North Carolina are seeing an increasing number of homes reverting to bank ownership, and on a much larger scale than seen across the nation. According to RealtyTrac, the number of bank repossessions in the Charlotte-Concord-Gastonia region ...

Tagged with: Foreclosure RealtyTrac

Residential loan originations on single-family homes and condos in the Charlotte area grew 21 percent to 18,474 in the second quarter from 15,314 a year ago, according to recent data from RealtyTrac. The refinancing of home loans grew 28 percent ...

It’s not every day that North Carolina’s courts recognize a new cause of action, but a North Carolina Business Court judge did just that in a June opinion allowing a borrower to bring a claim against his bank alleging that ...

Five people were sentenced last week for their roles in fraudulently acquiring bank loans to support a failing luxury home and golf course development in Henderson County. The five included two Seven Falls Golf and River Club investors, and the ...

Some 45 percent of the home equity credit lines slated to reset with higher monthly payments over the next four years in the Charlotte region are on properties that are seriously underwater, according to a new report by RealtyTrac. Generally, ...

Three more people were sentenced Wednesday on federal racketeering charges that resulted from a massive mortgage-fraud investigation begun in the Charlotte area in 2007. According to an April 2013 indictment, they were among 26 charged in various conspiracies, including mortgage ...

Tagged with: Operation Wax House