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Behind the scenes of Showcase’s new Charlotte office!

Showcase Realty, LLC has been around for over 3 years and has tripled in size, staff and sales since then! This not only allowed us to hire more experts on our staff and more agents to assist our clients, but it allowed us to open a larger, brighter, more appealing office in Charlotte at 1430 S. Mint Street Suite 106.

This office was designed by Charlotte’s very own Studio Fusion and does a great job of expressing who we are as a business – modern, classy and technologically savvy – which are all a big part in why Showcase is so successful. Scroll down to take a look at our new office and what we have to offer our staff and our clients!

CLICK HERE for more pictures and an idea of why these updates really “showcase” our brand!

Perfect Buyers Market

Fannie Mae and Freddie Mac are beginning to initiate foreclosures at a faster pace.

According to a new study from Lender Processing Services (LPS), GSE foreclosure starts have been accelerating and are currently at all-time highs. From May to June, foreclosures initiated by Fannie and Freddie jumped 21 percent.

The GSEs’ prime borrowers are performing the worst. Foreclosure rates among the agencies’ prime loans have soared nearly 400 percent since January 2008, with a notable hastening tracked over the last two months, LPS reports. That increase is second only to the swell seen in non-agency “jumbo” mortgages, for more than $729,750.

LPS says the recent momentum in GSE foreclosure starts coincides with Home Affordable Modification Program (HAMP) cancellations, with most of the volume concentrated in the very late stages of delinquency (six-plus months).

The latest HAMP statistics from the Treasury showed an extremely elevated number of cancellations from trial plans, as many borrowers who received temporary modifications have not been able to verify their income or have missed trial payments.

As of the end of June, 520,814 HAMP trials had been cancelled – more than have been converted to permanent status. In addition, 8,823 permanent modifications have been cancelled under the federal program.

In contrast, LPS says foreclosure starts have remained relatively stable over the last several months for the rest of the industry. The company puts the overall foreclosure rate as of the end of June at 3.65 percent, but notes that foreclosure inventories are still elevated.

According to LPS’ market data, total foreclosure starts for 2010 are at 1,456,000. That stat is lower than 1,682,000 for the same period in 2009, but up from 1,245,000 in the first half of 2008.