Bank Owned Real Estate in Charlotte

Charlotte bank charters require a certain amount of solvency be maintained in an effort not to weight a Charlotte banks liability too heavily in Charlotte. The loss-mitigation division of a Charlotte bank is motivated to move non-performing assets out of the Charlotte bank. During foreclosure if there are no buyers of the Charlotte real estate property the Charlotte property reverts to the Charlotte bank and is offered for sale through their REO division. Many Charlotte banks will negotiate down the payoff (a short sale) in an effort to move the asset allowing profitability for the investor due to purchasing at a discount to market value. This process again allows for clean transfer with limited risk as inspection of the Charlotte real estate property can be conducted prior to purchase.

Click here to find a bank owned property in Charlotte