Facing Foreclosure? You Don’t Have to Go Through It Alone.

Are you facing foreclosure? If so, you are not alone. Every year, thousands of Americans struggle with the difficult decision of how to handle their mortgage debt when they fall behind on payments. It can be overwhelming and scary to face foreclosure—but don’t worry, because The Poltrock Team at RE/MAX is here to help. We have extensive experience working with homeowners who find themselves in this difficult situation, and we can provide you with the support and real estate knowledge necessary to make an informed decision about what to do next. Keep reading for more information about how we can help.

The Basics of Foreclosure:

To understand the foreclosure process better, it helps to know some basic terms and definitions. A “foreclosure” is when a lender takes possession of your property due to non-payment of your mortgage loan. Every case is different, so it is important to act quickly and swiftly. Some lenders will only consider foreclosure once you are 6-7 months behind on your payments, while others can start proceeds within a few months. Fortunately, if you are quick to act, this gives homeowners time to work out a deal or find alternative solutions before the lender takes action.

How The Poltrock Team Can Help:

When you’re facing foreclosure, it’s important you have access to information and resources that enable you to make an informed decision about what steps need to be taken next. That’s why The Poltrock Team at RE/MAX offers counseling services for homeowners who are struggling with their mortgages or seeking alternatives to a foreclosure sale. Our team has extensive experience working with foreclosures in western North Carolina and surrounding areas, so we know exactly what options are available and which ones would be best for your particular situation. We have a great network of providers so we can assist with services such as appraisals, legal guidance, and home inspections that will give you better insight into your current situation before making any decisions about selling or refinancing your home. And if selling is the best option for you, we can help ensure that everything goes smoothly from start to finish—and even assist with finding new housing if necessary!

No one should ever feel ashamed or embarrassed if they face foreclosure—it happens all too often in life. Life has a way of throwing curveballs; what’s important is how you handle them and move forward. Instead of worrying over potential solutions on your own, take advantage of the support and experience offered by The Poltrock Team at RE/MAX. We’re here for our clients every step of the way as they work through tough choices related to their mortgages; from providing resources and education about available options, all the way up to helping find new housing after a successful sale has been made—we’ve got it covered! Call us today at 828-837-6400 for more information on how we can help ease the burden of a potential foreclosure sale.

5 Tips for Researching an Investment Property in Murphy, NC

Pinpointing the right investment property in Murphy, North Carolina is like looking for the proverbial needle in a haystack. Whether you’re searching for a mountain cabin, rental home, or commercial building, you likely have several MLS properties that interest you. So, narrow the field by doing some due diligence on your top-tier candidates. Next, partner with a leading realtor who will gladly provide you with additional details and professional guidance. Then, you’ll be in a better position to make an informed purchase decision.

 

Get Acquainted with the Area
Naturally, you want to learn as much as possible about your potential investment property’s location. So, get in your car (or truck) and take a leisurely drive around the county. Look for adequate access routes to surrounding communities, and notice the number and type of shopping venues. Make a mental note of parks, recreational activities, and medical facilities. In other words, take the perspective of a potential home buyer or business owner.

 

Next, let’s assume you’ve browsed the MLS listings, and you’ve found several houses for sale or commercial properties in downtown Murphy, North Carolina. Can you easily access that part of town? Cruise through the business district; and notice the number and types of shops, restaurants, and other establishments. Adequate parking is especially important, as residents and visitors want easy access to local businesses.

Now, park your vehicle, and stroll around town like you’re buying a home there. Visit with several shop and restaurant owners. Learn about the business climate, and get a sense of business owners’ and residents’ relationships with local governments. Walk to the town hall or city manager’s office, and learn about upcoming business and residential development plans. Ask your real estate agent for any “inside track” information. Simply put, you want to know that you’re investing in a vibrant community that’s continuing to grow. Finally, for an up-close perspective of the town and/or county, call or visit friends or family who own a mountain home or work in that locale.

Obtain Local Demographic Data
Put on your detective hat, and do some in-depth due diligence on the town’s demographic makeup. Your goal: to determine how this town stacks up against other towns in the county or surrounding region. Begin with the local Chamber of Commerce website. This valuable resource will likely contain useful data on the general economy, population makeup, median income, business ownership breakdown, and much more.

Next, browse the town’s official website for additional nuggets of information. Besides assorted local government details, you might find listings of upcoming events and points of interest. Again, you’re looking for a lively, growing town with much to offer current (and potential) residents and visitors.

Pinpoint Each Property’s Potential
Now, let’s open the zoning can of worms. For example, let’s say you’re interested in a property that currently carries residential zoning, but you think it would make a terrific business location. Before you proceed down that path, learn about current property usage limitations. Next, talk to town managers about the feasibility of a zoning change. Also, ask your realtor about other clients’ recent experiences with zoning issues.

If you decide to pursue that option, realize that you’ll incur some attorney’s fees. You could also face logistical delays that further complicate your plans. So, if your commercial project carries a tight timeline, decide if it’s still workable given those limiting factors.

Visit the Registry of Deeds
Let’s say you’ve found a home or commercial building that piques your interest. To obtain valuable mortgage information on the property, visit the town’s Registry of Deeds. With a little digging, you can get the property’s current mortgage and last selling price figures. Most importantly, learn about any outstanding liens that could affect your potential purchase. Although sifting through these public records will take some time, this information will provide an insight into the seller’s perspective during previous contract negotiations.

Comb through the Permit Records
If you’ve gotten to this stage, you’re seriously interested in a property, and you want your ducks in a row before possibly making an offer. More specifically, you want complete permit data on the property’s previous construction, addition, and/or remodeling projects. If you can’t find these details online, view the written records at the town government offices.

For example, maybe the seller put up a new roof, but never pulled a permit because he wanted to avoid construction delays. That speaks volumes about his mindset, and potentially provides you with an advantage during contract negotiations. Share these (and other) relevant details with your realtor, so you’ll be in the best position to make an offer that aligns with your business goals.

The Poltrock Team – REMAX Mountain Properties – Murphy NC – www.ILoveMurphy.com – Call us Toll Free at 1-866-Murphy-NC or 1-866-687-7496 – Murphy’s #1 Real Estate Team

Breathtaking, Secluded Estate Home On 19+/- Acres With Four Fireplaces Foreclosure Home for Sale in Hayesville NC

MAINFrom your first glimpse of this secluded foreclosure estate for sale in Hayesville NC, you’ll know you’ve arrived to an incredible home on 19+/- acres! It’s a breathtaking home from expanse of stacked stone, shakes, and log exterior. It offers wonderful detailed fixtures and is a true beauty. The stately wood interior offers not just one, but four fireplaces grace lavish living areas and bedrooms for that perfect ambiance day or night. The basement level is completely finished and offers 2 suites, kitchenette arrangement, and more!

Outdoor living is what your days are all about here.The porches are screened, the patio level is covered, and there is lots of places to lounge and enjoy. From the vast paddocks and stables in the barn (which also has an enormous bonus room above), pasture, a fenced yard for your dogs to run…and let’s not forget the in-ground pool and elegant stone deck for splash parties anytime. There’s an incredible pool pavilion you and guests will make great use of during the summer. The three-car garage is wonderful with finished bonus room above and direct access to the main level or basement suites. There is even quite nice wooded land too that you can do whatever you like with it!

Rumor has it this estate cost 1.2-1.4 million to build and is a tremendous buy at the price it is!

We have MUCH more information and pictures on this home than there is online. Email or call today for EVEN MORE info!

 

 

Exquisite Foreclosure At Ridges Golf Course

The finest foreclosure home in Hayesville NC! Located at Ridges Golf Course, MAINthis timber-frame custom home has more details than we can come close to mentioning! With four bedrooms and 4 bathrooms, this home has a 3-car garage with a suite above. Professionally landscaped and low maintenance exterior, it is exquisitely rustic. Kitchen features all Viking appliances, granite countertops, copper sinks, and custom cabinetry. The master suite is unlike any other with two walk in closets with full organizers. The master bath has a 2x vanity, tile shower, jetted tub, water closet, more. The living area has huge stone fireplace, wood floors, and an awe-inspiring vaulted ceiling. Mountain views from the deck and porch with outdoor rock fireplace make this home a masterpiece.  Contact us for more pictures and information! This home cost well over 1.4 million to build and is available for about HALF what it cost to build!

The Poltrock Team – REMAX of Murphy NC – www.MyMurphy.comJohnPoltrock@gmail.comCall us Toll Free at 1-866-Murphy-NC or 1-866-687-7496 – Murphy’s #1 Real Estate Team

Beautiful 241 Acre Mountain Tract For Sale in Murphy, NC

Foreclosure! This is the best mountain tract in Murphy! 241+/- beautiful Wolf Mountain (44) MAINacres for sale reaching elevations of 3,450 feet! Wonderfully cool, you can’t beat the temperature. You have ridges on this mountain so big you can practically put a football field there! The mountain views are spectacular and have no comparison in the area! You see huge views in virtually every direction! This is the best property around so act fast or you will miss out!

Click HERE for more Pictures and Information on this home for sale in Murphy, NC.

The Poltrock Team – REMAX of Murphy NC – www.MyMurphy.comJohnPoltrock@gmail.comCall us Toll Free at 1-866-Murphy-NC or 1-866-687-7496 – Murphy’s #1 Real Estate Team

 

Foreclosures and Shadow Inventory Down Not Only in Murphy, Nationally Too

It was just the other day I wrote about a coming end to the foreclosure homes in Murphy NC. I just recently saw an interesting article about the pending inventory. I wanted to share it with you. It reads:

The number of homes in shadow inventory continues to decline, according to Core Logic. Some 2.3 million properties were in shadow inventory at the end of October 2012, a decline of 12.3 percent from October 2011 when shadow inventory stood at 2.6 million. Of this total, 1.04 million are seriously delinquent, 903,000 are in some stage of foreclosure and 354,000 are already bank-owned. As of October 2012, the total dollar volume of shadow inventory was $376 billion, down from $399 billion a year ago.

“Almost half of the properties in the shadow are delinquent and not yet foreclosed,” says Mark Fleming, Core Logic’s chief economist. “Given the long foreclosure timelines in many states, the current shadow inventory stock represents little immediate threat to a significant swing in housing market supply. Investor demand will help to absorb the already foreclosure and REO properties in the shadow inventory in 2013.”

CLICK HERE TO JOIN OUR WEEKLY FORECLOSURE UPDATE

The Poltrock Team – REMAX of Murphy NC – www.MyMurphy.comJohnPoltrock@gmail.com – Call us Toll Free at 1-866-Murphy-NC or 1-866-687-7496 – Murphy’s #1 Real Estate Team

A Coming End to Foreclosures in Murphy NC?

Foreclosures have been a popular part of the real estate market not only in Murphy NC, but also across the United States. In many markets, both foreclosures and short sales have made a large portion of the total sales over the past 4-6 years. We’ve been fortunate in Murphy in the fact that they largely made less than 20% of the total marketplace. However, as time continues to march on, the question becomes, “is an end coming to the foreclosures in Murphy NC?”

Over this past year, we’ve noticed a decline in quality foreclosures. And by that, I mean homes that most folks would want to buy. Homes that are in good shape and repairable. Now, we are beginning to see a higher margin of “junk.” Not only that, we are seeing less inventory of both quality and junk.

Ultimately, this can become a good thing for both buyers and sellers. For sellers, the reason is obvious. They have less competition and that yields them a better pool of interested buyers. For buyers, it can provide them with more quality home choices. As sellers being to realize they are competing with fewer foreclosures, they will list and sell their homes instead of continuing to wait as many have chosen to do.

Not only is this a positive step in the market for buyer and sellers, it is a positive step for the economy as a whole. As the foreclosures are sold and the market shifts more toward a traditional marketplace, confidence will grow. Spending will increase. And ultimately, that will strengthen the national economy.

When will the supply of foreclosures dwindle? Great question. I can’t tell exact, however I do know that it is not in the too distant future. We’re seeing the available and pending inventory drop daily. If you’re looking to buy a foreclosure, I suggest you act quickly before the supply is gone. Join our weekly Foreclosure Update that gives you all the foreclosures available for sale – including land and houses.

The market has, and always will continue to change. It’s an amazing process and we’re watching history before our eyes. The folks who are buying real estate now are the ones who are going to look back and realize how incredible of an opportunity it was. Record low interest rates. Prices that are lower than a decade prior. Homes that are cheaper to purchase than build. It’s an incredible time and hopefully you’ll be able to look back and not only make a great investment, but enjoy the mountains of Murphy, North Carolina at the same time.

CLICK HERE TO JOIN OUR WEEKLY FORECLOSURE UPDATE

The Poltrock Team – REMAX of Murphy NC – www.MyMurphy.comJohnPoltrock@gmail.com – Call us Toll Free at 1-866-Murphy-NC or 1-866-687-7496 – Murphy’s #1 Real Estate Team

Sign up for our Real Estate Foreclosure Update for Homes and Land in Murphy NC

Every week we provide a list of foreclosure homes and land to our registered clients. It’s a great service because you can see all the details – and it doesn’t cost anything! There are so many sites out there that charge for the information, but you can have it for free from us! All you have to do is:

Sign Up for our FREE Foreclosure Update HERE

Enjoy and let us know what else we can do to serve you!

The Poltrock Team – REMAX of Murphy NC – www.MyMurphy.com –JohnPoltrock@gmail.com – Call us Toll Free at 1-866-Murphy-NC or 1-866-687-7496 – Murphy’s #1 Real Estate Team

Real Estate Foreclosure at 124 Country Mountain Ridge Murphy NC

This great Ranch style foreclosure home has three bedrooms and two bathrooms.  It is located on a level wooded lot with a nice yard. This is the perfect location for first time home buyers or for a second home! The interior of the home features a large great room, a nice kitchen, and central heating and air. Homepath financing available with as little as 3% down!

If this sounds like something you would be interested in, call us today for more information!

Since foreclosure information changes constantly and links to more pictures and information is only valid for a short period of time, we want to make sure you have the most accurate and up-to-date information possible. If you’d like more details, pictures, or more information on the property, please call or email today and we’ll send it right over.

Contact The Poltrock Team Today – Murphy’s #1 Real Estate Team – www.MyMurphy.comJohnPoltrock@gmail.com – Call us Toll Free Today at 1-866-687-7496

 

 

Real Estate Foreclosure at 140 Laurel Brook Drive Murphy, NC 28906

This is a great log home foreclosure on 1.3 acres of private wooded land.  It is a custom built log cabin with a large master bedroom, and great room.  There are wood floors and ceilings in the great room and a gas log fireplace.  This is a Great Homepath Property with Homepath Mortgage available for as little as 3% down.  It is private yet still close to town, golf, and fishing.

If this sounds like something you would be interested in, call us today for more information!

Since foreclosure information changes constantly and links to more pictures and information is only valid for a short period of time, we want to make sure you have the most accurate and up-to-date information possible. If you’d like more details, pictures, or more information on the property, please call or email today and we’ll send it right over.

Contact The Poltrock Team Today – Murphy’s #1 Real Estate Team – www.MyMurphy.comJohnPoltrock@gmail.com – Call us Toll Free Today at 1-866-687-7496