Wake Forest, Raleigh and Garner real estate and homes for sale in North Carolina, Foreclosures and Short Sales - Deborah McCrae, REALTOR® REALTOR® Logo - NUMBER1EXPERT NUMBER1EXPERT™ Logo
Wake Forest, Raleigh and Garner real estate listings, home buying, selling and homes for sale in North Carolina - NUMBER1EXPERT(tm)
Wake Forest, Raleigh and Garner real estate listings, home buying, selling and homes for sale in North Carolina - NUMBER1EXPERT(tm)
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Foreclosures
Welcome > Foreclosures ...

A foreclosure property is a home where a notice of default has been filed in the public records. It means the owner has stopped making mortgage payments and the lender has given notice that unless the payments are brought up to date, it will sell the property to the highest bidder.

Lenders can foreclose for other reasons, but the most common reason is when a borrower is at least two payments in arrears.

Finding foreclosure houses is fairly easy in depressed markets, but it is also simple to find foreclosures in strong real estate markets. The difference between the two markets is you will find a greater number of foreclosures in falling real estate markets.

While it is unfortunate, there is an abundance of foreclosed homes and commercial properties here in the Raleigh, Garner, and Wake Forest areas, as well as outer lying areas - Cary, Morrisville, Louisburg, Durham, and the list goes on.

 

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Real Estate Tips
Working With An Agent >Tell Your Agent

Good communication will enable you to get the best service from the real estate agent who is helping you to buy or sell a home. If you have any concerns, make them known not just to your spouse, your mother and your co-workers, but to the person who can do something about it--your agent!

Real estate sales are extremely complex transactions which involve negotiating large sums of money and turning over the largest single asset most individuals will ever own. Since the possibilities for misunderstandings are great, professional real estate agents work hard to ensure that the transaction will go smoothly. This requires clear communication between the buyers and the sellers and other agents.

Most of the breakdowns in real estate transactions result from vague or inadequate communication prior to the signing of the contract. Express any concerns that you may have and ask about anything you don't understand--the only foolish question is the one that isn't asked!

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Real Estate Trivia
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Who is "Fannie Mae" and why is she a big name in real estate?

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"Fannie Mae" is the real estate industry nickname for FNMA, or Federal National Mortgage Association, the stockholder-owned corporation that purchases mortgages from mortgage lenders.
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Deborah McCrae, REALTOR®, real estate agent and broker for Wake Forest, Raleigh and Garner, North Carolina home listings, property and land for sale - NUMBER1EXPERT

Deborah McCrae
World Properties International- McCrae Realty

7625 Kensington Manor Lane
Wake Forest, NC 27587
919-201-4361
Fax: 866-251-1948
deborahmccrae@NUMBER1EXPERT.com

Licensed in 1999, I, Deborah Georgetta McCrae have 10 years of successful residential and commercial real estate experience after having been a State of North Carolina employee for 19 years. I began working with Coldwell Banker Howard Perry & Walston always achieving Top Producer level, and in 2005 achieved the International President’s Elite Award, which was the second highest level one could earn.


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