Want a Great Short Sale Opportunity Only $165,000 | Wilmington NC Real Estate

Wilmington NC Real Estate, Wilmington NC Homes, Wrightsville Beach Homes.

This is it!  Fantastic price and floor plan.  Custom paint mural.


Very nice 1300+ SqFt, 3 bedroom, 2 bath home with 2-car garage on a cul-de-sac. All one level with a detached one-car garage or great wired work shop. Home is a short sale. Large fenced back yard. Minutes to Carolina Beach and downtown Wilmington NC, Park and State ports. Fireplace and some upgrades. Large owners bath. Must see this one.
Visit website Wilmington NC real estate http://www.cbbaker.com/idx/residential/71229/

Wilmington NC real estate | Do you love Wilmington NC Custom Built Homes?

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Wilmington NC real estate and Custom Luxury Built homes.

via http://www.realtor.com/realestateandhomes-detail/Wilmington_NC_28409_1118251832.

What do you look for in Wilmington NC real estate?  Short Sales, Foreclosures, Wrightsville Beach Homes?  This Cove Point home in Wilmington NC near Masonboro  is and incredible home originally owned by a builder who spared no expense for luxury appointments. 3 bay garage, stunning kitchen featured in the 2005 Signature Kitchens and Baths Magazine. Includes dual temp Sub Zero 424 under counter wine cooler, Sub Zero SBS Refrig, GE Monogram High Production Large Capacity Ice Maker. real Granite Island & Solid Surface Countertops, Grohe pot filler at range, 48 Viking Professional Series Dual Fuel Range, Viking Designer Series Built-In Custom Ventilator Sys 880 CFM Interior Hood,Viking Professional Series Microwave Oven. Sub Zero 700BR Refrig Drawers,20 porcelain tile and oak hardwood floors downstairs. Wired for surround sound in family room & FROG. Separate Heat Pump for FROG. 19 KW Detroit-diesel Generator powers entire property. In ground pool & pool house w/outdoor shower, custom built brick, outdoor grilling area, whole house generator. Central Vacuum System.  A perfect Wilmington NC estate, short sale now. 

Searching for real estate? Visit Coldwell Banker Sea Coast | Kay Baker and Associates www.cbbaker.com

Short Sale is the Better Way

What is a Short Sale

A short sale is when the bank is willing to accept less than the actual payoff on the loan. Why would a mortgage company do that? A foreclosure is a lose, lose situation for the mortgage company as they lose revenue, the mortgage insurance company loses premiums and pays a claim, the investor is not collecting principal or interest, there is potential damage to the property and lower property values have a negative effect on the real estate market. But, the homeowner has the most to lose with foreclosure on your credit record for up to 7 years which can be viewed negatively by lenders, employers, and insurance companies.

Short Sale is a Win Win

Therefore, a short sale can actually be a win, win for everyone. The mortgage company reduces their losses, the mortgage insurer minimizes claim payment, and additional damage to the property is avoided during a foreclosure. The real estate market does not experience as much negative stigma, therefore property values do not go lower. And, the homeowner can successfully sell their home and not have a foreclosure on record. shortsale

How is all this accomplished?

First of all, any homeowner who is experiencing difficulty in making the monthly payments should call a reputable Realtor experienced in negotiating short sales. There is an art to it, to say the least. The Realtor will discuss the current market value and the amount necessary to payoff your mortgage. The most important action should be to actively list the home on the market for sale. If the homeowner owes more than the current market value, the experienced Realtor will contact the lender’s loss mitigation department and assist the homeowner will all the documentation necessary to facilitate a short sale. One of the most important documents being the hardship letter, which can make or break the deal. Other documents would include 2 years tax returns, 2 months pay stubs, 2 months bank statements, and the most current mortgage statement.

One very important factor that most lenders do not tell you, is that the homeowner is liable for any deficiency in the short sale. But, a Realtor experienced in negotiating short sales can often times negotiate with the lender for the deficiency judgment and 1099 to be waived, reduced or ask for an interest free promissory note.

Lastly, to all homeowners it is never too late or too early. The most important asset you have is your home. Please give us a call to get your home on the market for sale and avoid foreclosure. And, you may know of someone in that situation, tell them to contact us immediately at kay@cbbaker.com.

For investors, a short sale can be a wonderful buying opportunity. We can provide you with a list of short sales and or foreclosures in Wilmington, NC. Just email me a kay@cbbaker.com.

Kay Baker, a life long Top Realtor in Wilmington, NC brings local knowledge and experience to her valued clients. With her decades of experience in the Wilmington, NC real estate market, she can greatly benefit her buyer clients in choosing the perfect Wilmington NC neighborhood, in the negotiation process, obtain the best financing, obtain a home inspection and negotiate the repairs, and assist with the final closing preparations. Her sellers can also reap the rewards of a successful and aggressive Realtor that is always eager to sell their home at a record pace and for the most money possible. Kay has a long track record of selling homes quickly and exposes her listings on over 100 websites.

Kay has earned numerous awards for her outstanding production over the years including the prestigious Coldwell Banker President’s Elite Club.

Kay Baker may be contacted at kay@cbbaker.com or http://www.cbbaker.com.