lake norman foreclosure home tour

Volume 1, Issue 1

[email protected]

WWW.REALTYEXECUTIVESUNLIMITED.COM

where the experts are TM

U N L I M I T E DM A G A Z I N E

FOREC

LOSED

&DISTR

ESSED

PROPERTY

EDITI

ON

1.001 Cover:1021 6/29/12 1:33 AM

RATES are Incredibly LOW. Lowest Ever!!!!Refinance Now even if your house won’t apraise for

what you OWE. No Gimmicks. It is very Simple!

Thinkingabout

Refinancing?

If you haven’t looked at rates lately, do yourself a favor and take a look.

If your fate is above 4.25%, you can Save Money on your mortgage

probably for NO COST No Appraisals, Attorneys, etc....

Even if you think your home will not appraise, call me. We still have a program for a

limited time that will allow you to refinance with a low appraisal!

If you had a loan for $240,000 and your house appraised for $300,000 but now it

appraises for $230,000, we can still refinance with no Mortgage Insurance.

Look at the savings below. Just call for a 5 minute analysis to see what you can save.

Current Mortgage

Scenario 1

Scenario 2

Loan Amount

$250,000

$250,000

$250,000

Rate

5%

4.5%

4.0%

Principal & InterestPayment

$1,342

$1,266

$1,193

Savings

$76/Month

$149/Month

Last week, the loan above quoted at 4.00% for $250,000

Most importantly, it was done Completely Free, NO COST whatsoever.

If you had 4.25% then I got you a rate of 4.0%,you save money the very first day!

Larry ThompsonHarrisburg Resident

BARRONS MORTGAGE [email protected]

Cell: 704.965.1777 • Office: 704.405.9080

*Certain Restrictions apply. Rates and terms are subject to change without notice. Call fordetails. Barrons Mortgage Group is licensed as a mortgage lender by the North Carolina Office ofthe Commissoner of Banks.

Clemson University 1994 - BS FinanceUNC Charlotte 1999 - MBA

NMLS# 69261

1.002 Larry:1021 6/29/12 6:26 AM Page 1


704-288-4597iinnffoo@@RReeaallttyyEExxeeccuuttiivveessUUnnlliimmiitteedd..ccoommWWW.REALTYEXECUTIVESUNLIMITED.COM

SOLD Short Sale

PLEASE CALL OR EMAIL ME IF YOU WOULDLIKE TO BE ADDED TO OUR WEEKLY EMAIL LIST OF

DISTRESSED & FORECLOSED PROPERTIES! WE FIND HOMESIN DISTRESS FROM $100,000 TO $2+ MILLION IN THE N. CHARLOTTE,

UNIVERSITY & LAKE NORMAN AREA ON A REGULAR BASIS AND CAN SENDTHESE PROPERTIES TO YOU EACH WEEK – NO OBLIGATION.

I PERSONALLY HAVE BEEN INVESTING IN REAL ESTATE FOR 24 YEARS, AND HAVEBEEN HELPING INVESTORS AND HOMEOWNERS IN THE

CHARLOTTE/LKN AREA FIND & CLOSE ON GREAT REAL ESTATE DEALS WITH EQUITY FOR NEARLY A DECADE! WE CAN HELP YOU TOO! CONTACT ME TO

FIND A GREAT DEAL NOW ON AN INVESTMENT PROPERTY OR ON YOUR NEXT PERSONAL HOME!

Call or Email to be added to our distributionlist of distressed properties with equity in the area!

Homes are sent out via email weekly - NO OBLIGATION!

THIS IS AN EXAMPLE OF A RECENT SHORT SALE DEALWE HANDLED IN CORNELIUS,NC:

SOLD FOR $665,000 in April 2012 – Last sold in 2007 for $865,000 –Appraisal for $785,000 ~ $110,000 in EQUITY!

David DiGioia704-506-6434

[email protected]

OOwwnneerr//BBrrookkeerr RReeaall EExxeeccuuttiivveess UUnnlliimmiitteedd

FREE Foreclosure Report!

*All of the properties mentioned in this magazine may or may not be under any type of listing agreement with Real Executives Unlimited and could be listed with another entity.

1.003 Inside Bio:1021 6/29/12 6:31 AM Page 1

5 Bedrooms & 4 Baths with 3000+ SQFTProperty ID 2928802 Tax Value $274,900

List Price $260,760Market Value Today @ $315,000

3 Beds & 2.5 Baths with 1700+ SQFTProperty ID: 7623902List Price $165,000

Target Buy Price $155,000Est Value $175,000

3 Beds & 2 Full Baths with 2400+ SQFTProperty ID: 8461502List Price $249,900

Target Buy Price $215,000Est Value $260,000

4BD/3.5 Ba 25,00 sqftEst Value $300,000 - SOLD $210,000

$90,000 EQUITY!

& DISTRESSED PROPERTIES



FOREC

LOSURE

BANK OWNED

4+ ACRES

SOLD 20

12 FO

RECLO

SURE

CORNELIUS REAL ESTATE MARKET STATUS 2012 Sold Cornelius Listings 154Average Sold Price $406,607

High Sold Price $2,200,000 • Low Sold Price $75,501Average SQFT Cost $133.22


1.004 Cornelius:1021 6/29/12 6:33 AM Page 1



704-288-4597iinnffoo@@RReeaallttyyEExxeeccuuttiivveessUUnnlliimmiitteedd..ccoomm


4 Beds & 2.5 Baths with 2500+ SQFTProperty ID: 6854802 List Price $149,900

Target Buy Price $140,000 Est Value $175,000

3 Beds & 3 Baths with 2600+ SQFTProperty ID: 4543602 List Price $399,900

Target Buy Price $ 400,000 Est Value $554,000





BANK OWNED

WATERFR

ONT

FRED

DIE MAC

MOORESVILL

E

MOORESVILLE REAL ESTATE MARKET STATUS 2012 Sold Mooresville Listings 497Average Sold Price $328,736

High Sold Price $4,385,000 • Low Sold Price $25,000Average SQFT Price $ 106.64


1.005 Mooresville:1021 6/29/12 6:34 AM Page 1






4 Beds & 2.5 Baths with 1700+ SQFTProperty ID: 6321902 List Price $ 152,900






BANK OWNED

BANK OWNED

FRED

DIE MAC

BANK OWNED

HUNTERSVILLE REAL ESTATE MARKET STATUS 2012 Sold Huntersville Listings 425Average Sold Price $ 248,684

High Sold Price $1,300,000 • Low Sold Price $35,000Average Price Per SQFT $ 94.57


1.006 Huntersville:1021 6/29/12 6:35 AM Page 1

Waterfront 5 Beds & 5.5 Baths W/ 8000Price $1,399,000 Est Value $1,600,000

Property ID: 3718502

Custom Home with Pool 4 Beds & 3.5 BathsList Price $599,900 Est Value $625,000


Waterfront 4 Beds & 4.5 Baths W/ 5800+ SQFTList Price $945,000 Est Value $1,100,000


Waterfront 4 Beds & 3.5 Bath W/ 4700 SQFTList Price $645,000 Est Value $725,000


The Farms - 4 Beds & 3.5 Bath w/4000+ SQFTList Price $573,000 Est Value $625,000


Waterfront - 6.5 Acres - 12,000+ SQFT -12 Beds & 10.5 Bath List Price $1,500,000 $700KBelow Appraised Value Property ID: 4093802





BANK OWNED

FOREC

LOSURE

FOREC

LOSURE

FOREC

LOSURE

FOREC

LOSURE

FOREC

LOSURE


1.007 Luxury:1021 6/29/12 6:37 AM Page 1


Target Buy Price $ 115,000 Est Value:$155,000


Target Buy Price $135,000 Est Value: $175,000

4 Beds & 2.5 Baths with 1700+ SQFTProperty ID: 3621902 List Price $ 152,900






FORECLOSURES & DISTRESSED PROPERTIES

LAKE NORMAN FORECLOSURE AND SHORT SALE MARKET ACTIVITY FOR 2012

261 Sold ListingsAverage Sold Price $246,691Lowest Sold Price $25,000

Highest Sold Price $4,385,000

DAVIDSON

MOORESVILL

E

HUNTERSVILL

E

FRED

DIE MAC


1.008 & 009 Investors:Greensboro 6/29/12 6:38 AM Page 1




FORECLOSURES & DISTRESSED PROPERTIES

2012HuntersvilleForeclosure Property

SSAAMMPPLLEE IINNVVEESSTTMMEENNTT PPRROOPPEERRTTYY WWOORRKKSSHHEEEETT

PURCHASE COSTSList Price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $279,900.00Buy Price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $240,000.00Today Value at 3,500 SF ($110 SF 2012 sold comps) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $385,000.00REPAIRS/UPDATES MADE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $45,000.00TOTAL INVESTED . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $280,000.00INSTANT EQUITY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $100,000.00Estimated Cash Outlay . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $93,000.00CASH FLOW ANALYSISMonthly Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,500.0020% Down - Mortgage - 4.75% 30 Yr . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,001.00HOA Dues Monthly . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $60.00Taxes $4,222 YR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $351.00Insurance - $750 Annual . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $62.00Total Monthly Expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,474.00MONTHLY CASH FLOW . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,026.00

INCOMEAnnual Rental Income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $17,688.00TAX WRITE OFFS - Annual Mortgage Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $9,000.00Property Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $4,222.00Write Offs AGAINST Home . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $13,222.00Taxable Year End Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $4,466.00Estimated Annual Tax Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $7,273.00TAXABLE INCOME Loss/Gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $(2,807.00)

SUMMARYCash Out of Pocket . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $93,000.00Annual Rental Profit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $12,300.00Annual Tax Write Off . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,807.00EQUITY in Home . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $100,000

No Taxes PAID ON ANNUAL INCOME of $12,300 - But Get Tax Write Off of $2,807.00 per year!

MONTHLY


1.008 & 009 Investors:Greensboro 6/29/12 6:39 AM Page 2






1 Beds & 1 Bath With 700 SQFTProperty ID: 8392902 List Price $68,500






FANNIE

MAE

FANNIE

MAE

BANK OWNED

FANNIE

MAE

LAKE NORMAN TOWNHOUSE & CONDO MARKET STATUS 2012 Sold Listings 185

Average Sold Price $154,410High Sold Price $425,000 • Low Sold Price $58,000

Average Price Per SQFT $107.41


1.010 Townhouse:1021 6/29/12 6:41 AM Page 1




• F INISH CARPENTRY • HOME REPAIRS • IMPROVEMENTS

Jeff Buffington12530 WILLOW GROVE WAY HUNTERSVILLE, NC 28078

704.363.7571150*21*[email protected]

You’re in good hands.

Kevin Rock AGENCY OWNER

Allsate Insurance Company9620 Holly Point Drive Suite 202a Huntersville, NC 28078

phone: [email protected]

24 Hour Customer Serv ice

1.011 Sponsor:1021 6/29/12 6:42 AM Page 1

Northstone 5 Beds & 5 Full Baths ~ 4100+ SQFTOn Golf Course ~ Property ID: 5220702

List Price $319,900 EST Value $400,000

Westport Golf Course Home 3 Beds & 2 Full Baths1700+ SQFT ~ Property ID: 3607802

List Price $229,900 EST Value $260,000




SHORT SALE

FOREC

LOSURE

LAKE NORMAN GOLF COURSE HOMES MARKET STATUS 2012

Sold Golf Course Homes 48Average Sold Price $474,726High Sold Price $1,250,000Low Sold Price $175,000

Average Price Per SQFT $122.00

Total Active Golf Course Homes 82

Sold Bank Owned Northstone Golf Course Home

Sold $250,000 Est Value $300,000SOLD


1.012 Golf Course:1021 6/29/12 6:45 AM Page 1

RATES are Incredibly LOW. Lowest Ever!!!!Refinance Now even if your house won’t apraise for

what you OWE. No Gimmicks. It is very Simple!

Thinkingabout

Refinancing?

If you haven’t looked at rates lately, do yourself a favor and take a look.

If your fate is above 4.25%, you can Save Money on your mortgage

probably for NO COST No Appraisals, Attorneys, etc....

Even if you think your home will not appraise, call me. We still have a program for a

limited time that will allow you to refinance with a low appraisal!

If you had a loan for $240,000 and your house appraised for $300,000 but now it

appraises for $230,000, we can still refinance with no Mortgage Insurance.

Look at the savings below. Just call for a 5 minute analysis to see what you can save.

Current Mortgage

Scenario 1

Scenario 2

Loan Amount

$250,000

$250,000

$250,000

Rate

5%

4.5%

4.0%

Principal & InterestPayment

$1,342

$1,266

$1,193

Savings

$76/Month

$149/Month

Last week, the loan above quoted at 4.00% for $250,000

Most importantly, it was done Completely Free, NO COST whatsoever.

If you had 4.25% then I got you a rate of 4.0%,you save money the very first day!

Larry ThompsonHarrisburg Resident

BARRONS MORTGAGE [email protected]

Cell: 704.965.1777 • Office: 704.405.9080

*Certain Restrictions apply. Rates and terms are subject to change without notice. Call fordetails. Barrons Mortgage Group is licensed as a mortgage lender by the North Carolina Office ofthe Commissoner of Banks.

Clemson University 1994 - BS FinanceUNC Charlotte 1999 - MBA

NMLS# 69261

1.013 Larry 2:1021 6/29/12 6:46 AM Page 1


Est Value $1,050,000

5 Beds & 5 Baths with 7500+ SQFTProperty ID: 3718502 List Price $1,399,000

Est Value: $ 1,500,000 Target Buy Price $1,100,000


Est Value: $1,100,000 Target Buy Price $850,000


Est Value: $950,000 Target Buy Price $800,000


Est Value:$400,000 Target Buy Price $360,000

4 Beds & 3 Baths with 3200+ SQFTProperty ID: 0160802 List Price $ 319,900

Est Value: $415,000 Target Buy Price $275,000



FORECLOSURES LAKE NORMAN INFO:

TROUTMAN

MOORESVILLE

MOORESVILLE

MOORESVILLE

MOORESVILLE

SHERRILLS FORD


1.014 & 015 Waterfront:Greensboro 6/29/12 6:48 AM Page 1




FORECLOSURES LAKE NORMAN INFO:

LAKE NORMAN FACTS & INFO:

Welcome to Lake Norman.....

* Year Built: 1959-1964* Area: 32,510 acres at full pond* Length: 33.6 miles* Width: 9 miles* Shore line length: 520 miles* Maximum Depth: 110 feet* Average Depth: 33.5 feet* Maximum Draw-down: 15 feet* Capacity: 3.4 trillion gallons of water* Volume: 1,093,600 acre-feet* Elevation at full pond: 760 feet above MSL* Retention Time: 207 days (average)* Drainage Area: 1,790 square miles* Average River Flow at Cowans Ford Dam: 1,726 MGD* Named for: Norman Atwater Cocke (former president of Duke Power)* Source of the Catawba River: Evans Knob in Gower County* Lake level: Call 1-800-829-5253* Location: Latitude: 35.5177689 Longitude: -80.9557724

LAKE NORMAN WATERFRONT HOMES REAL ESTATE

NUMBERS FOR 2012* 153 Waterfront Homes Were Sold

* Lowest Price Sold Waterfront Home $226,000

* Highest Price Sold Waterfront Home$4,385,000* Average Price Sold Waterfront Home$782,847,000


PPlleeaassee ccoonnttaacctt uuss ffoorr aann iinnffoorrmmaattiioonnaall ppaacckkeett

1.014 & 015 Waterfront:Greensboro 6/29/12 6:48 AM Page 2


www.CHARLOTTEPROPERTYPROS.com

is yourin good hands?

INVESTMENT

OVER 20 YEARS OF PROPERTY MANAGEMENT

• Full Service Residential Property Management• Landlord Home Maintenance Program• Rent Collection (Direct Deposit)• Monthly Rental Statements• Regular Property Inspections & Reports• Approved, Reliable & Competitively Priced Contractors• Online Service Requests System & Online Rent Payment Service• Tenant Screening• Extensive Online Marketing• Investment Property Buy Program

PROPERTY MANAGEMENT

Call 704.506.6434Property Management Expert

David DiGioia [email protected]

1.016 Property Mgmt:1021 6/29/12 6:53 AM Page 1

lake norman foreclosure home tour

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