Macaulay Homes For Sale

macaulay homes for sale

Listings 1 - 4 of 4

8007 Pendley Lane -- 5 BR, 3 BA
Price: $875,000 (4002 sqft)
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Helen Adams Realty | MLS # 4121161 | Contract
14940 Carbert Lane -- 4 BR, 2.1 BA
Price: $585,000 (2731 sqft)
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Coldwell Banker Realty | MLS # 4117702 | Active
14927 Almondell Drive -- 4 BR, 2.1 BA
Price: $549,000 (2756 sqft)
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Lake Norman Realty, | MLS # 4110400 | Active
15611 Chipping Drive -- 3 BR, 2 BA
Price: $445,000 (1579 sqft)
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Carolina Real Estate | MLS # 4118244 | Coming soon

The data relating to real estate on this Web site derive in part from the Carolina Multiple Listing Services, Inc. IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Savvy + Co. Real Estate nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers -- personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2024 Carolina Multiple Listing Services, Inc.
Data updated March 28, 2024

Birkdale and Birkdale Village Homes For Sale

Birkdale Village homes for sale

Listings 1 - 1 of 1

8213 Parkton Gate Drive -- 3 BR, 2 BA
Price: $525,000 (1440 sqft)
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Keller Williams Lake | MLS # 4112063 | Contract

The data relating to real estate on this Web site derive in part from the Carolina Multiple Listing Services, Inc. IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Savvy + Co. Real Estate nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers -- personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2024 Carolina Multiple Listing Services, Inc.
Data updated March 28, 2024

Birkdale homes for sale

Listings 1 - 2 of 2

10009 Devonshire Drive -- 4 BR, 2.1 BA
Price: $779,900 (3309 sqft)
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COMPASS | MLS # 4120704 | Active
16019 Kelly Park Circle -- 4 BR, 2.1 BA
Price: $575,000 (2425 sqft)
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Carolina Real Estate | MLS # 4110828 | Active

The data relating to real estate on this Web site derive in part from the Carolina Multiple Listing Services, Inc. IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Savvy + Co. Real Estate nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers -- personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2024 Carolina Multiple Listing Services, Inc.
Data updated March 28, 2024

Lake Norman Awaits You

Offered by Carolina Living Real Estate

DEEP WATER! Experience Lake Norman the way it used to be- No HOA, no thru traffic and clear view of stars at night!   Hard to find flat lot with mature hard woods has rock wall to keep rise in lake levels at bay.   Older home has been freshly painted, cleaned and would be ideal as vacation, year round, or the framework for the home of your dreams on this unique waterfront property.

See this Lake Norman Waterfront Home Virtual Tour

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Homeowner Options

The current housing market has caused horrible stress and heartache for many Charlotte area  families. Foreclosure is one of the most devastating financial challenges that a family can face and one that often times can be avoided. The options for foreclosure are many; following is a brief explanation of some of these solutions.

REINSTATEMENT

A reinstatement is the simplest solution for a foreclosure however it is often the most difficult. The houseowner simply requests the total amount owed to the mortgage company to date and pays it. This solution does not require the lender’s approval and will ‘reinstate’ a mortgage up to the day before the final foreclosure sale.

Requires that a houseowner be able to pay all back payments, fines and fees immediately.

FORBEARANCE OR REPAYMENT PLAN

A forbearance or repayment plan involves the homeowner negotiating with the mortgage company to allow them to repay back payments over a period of time. The homeowner typically makes their current mortgage payment in addition to a portion of the back payments they owe.

Allows the homeowner to make back payments over time.

Requires that a homeowner be in a financial position to pay not only their current mortgage but a portion of the back payments owed. Some mortgage companies will require a homeowner to ‘qualify’ for forbearance.

MORTGAGE MODIFICATION

A mortgage modification involves the reduction of one of the following: the interest rate on the loan, the principal balance of the loan the term of the loan or all or any of the above. This typically results in a lower payment to the homeowner and a more affordable mortgage.

Reduces the payment a houseowner is required to make on a monthly basis and may reduce the principal balance of the loan.

Requires that a homeowner ‘qualify’ for the new payment and will often require full documentation. Lender has to be actively pursuing modifications.

RENT THE PROPERTY

A homeowner who has a mortgage payment low enough that market rent will allow it to be paid can convert their property to a rental and use the rental income to pay the mortgage.

Allows the homeowner to keep property indefinitely and hopefully gain equity.

The issues that can arise with a rental property are many and rent often does not cover the full cost of property ownership and maintenance. Contact your Carolina Living Property Management agent for guidance.

DEED IN LIEU OF FORECLOSURE

Also known as a ‘friendly foreclosure’ a deed in lieu allows the homeowner to return the property to the lender rather than go through the foreclosure process. Deed in Lieu requires lender approval and requires the houseowner to vacate the property.

Many times in a successful Deed in Lieu the lender will forego their right to a deficiency judgment.

Requires that a homeowner vacate their property and may be reported to credit bureaus as a foreclosure.

BANKRUPTCY

Bankruptcy has been marketed by many as a ‘foreclosure solution’ which in some states and situations it can be. If the homeowner has non-mortgage debts whose payments are causing them to fall short of paying their mortgage payments and a personal bankruptcy will eliminate these debts this may be a viable solution.

Does not require lender approval.

If a homeowner cannot afford their mortgage payment, a bankruptcy will only stall not stop the foreclosure process. Bankruptcy can be costly.

REFINANCE

If a homeowner has sufficient equity in their property and their credit is still in good standing they may be able to refinance their mortgage.

In some cases will lower payments.

In today’s market a refinance will almost always raise mortgage payment and is an expensive process.

SERVICEMEMBERS CIVIL RELIEF ACT (MILITARY PERSONNEL ONLY)

If a member of the military is experiencing financial distress due to deployment and that person can show that their debt was entered into prior to deployment they may qualify for relief under the Servicemembers Civil Relief Act. The American Bar Association has a network of attorneys that will work with Servicemembers in relation to qualifying for this relief.

If qualified will lower payments on all consumer debt in addition to mortgage payments.

Must be active military to qualify.

SELL THE PROPERTY

If a homeowner has sufficient equity in their property they can list the property with a qualified agent that understands the foreclosure process in their area and sell their property.

Allows homeowner to avoid foreclosure and harvest some of their equity.

In many cases today homeowners do not have sufficient equity to sell their property without negotiating a short sale (see next solution).

SHORT SALE

If a homeowner owes more on their property than it is currently worth then they can hire a qualified real estate agent to market and sell their property through the negotiation of a short sale with their lender. This typically requires the property to be on the market and the homeowner must have a financial hardship to qualify. Hardship can be simply defined as a material change in the financial stability of the homeowner between the date of house purchase and the date of the short sale negotiation. Acceptable hardships include but are not limited to: payment increase, job loss, divorce, excessive debt, forced or unplanned relocation and more.

Allows homeowner to avoid foreclosure and salvage some of their credit rating card. Keep a foreclosure off the public record for an individual. In many cases will allow homeowner to avoid a deficiency judgment. Borrower may qualify for another mortgage in as little as 24 months (5 years for foreclosure).

Short sales can be trying process in which a homeowner is best served by contracting with a qualified real estate agent to guide the way.

This represents only a summary of some of the solutions available to our Charlotte area homeowners. Please call us today for a free confidential evaluation of your individual situation, property value and possible options. Carolina Living Real Estate has the expertise and relationships to help.