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Lake Norman Foreclosures|Lake Norman Short Sales

FREE Lake Norman Foreclosure Listings and Homes With Special Conditions

Welcome To Lake Norman Foreclosures

Lake Norman Foreclosure Listings By Town/City

Just click on your town of choice and easily find the foreclosed homes for sale!

See Lake Norman Land (foreclosures) For Sale

City City City
Mooresville Cornelius Statesville
Denver Sherrills Ford Huntersville
Davidson Troutman All Waterfront
Lake Norman Condos Lake Norman Foreclosures By Price Golf Only

Map of Lake Norman

lake norman map

Statesville Foreclosures

statesville homes for sale

Listings 1 - 20 of 57   next

1020 Mocksville Highway -- 4 BR, 4 BA
Price: $1,600,000 (3704 sqft)
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Lake Norman Realty Inc | MLS # 3089279 | Active
3109 Oakmont Road -- 6 BR, 4 BA
Price: $300,000 (4318 sqft)
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Keller Williams Realty | MLS # 3145920 | Contract
114 Knollcrest Lane -- 3 BR, 2.1 BA
Price: $275,000 (2263 sqft)
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Allen Tate Company | MLS # 3190598 | Contract
129 Verna Drive -- 3 BR, 2 BA
Price: $257,900 (2150 sqft)
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Allen Tate Company, | MLS # 3210467 | Contract
793 Midway Road -- 3 BR, 3 BA
Price: $250,000 (1871 sqft)
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Allen Tate Company, | MLS # 3190653 | Contract
2647 Fines Creek Drive -- 4 BR, 3.1 BA
Price: $249,900 (4034 sqft)
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Allen Tate Company | MLS # 3197727 | Contract
404 Baymount Drive -- 4 BR, 3 BA
Price: $229,900 (3782 sqft)
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Coldwell Banker | MLS # 3154296 | Contract
553 Dogwood Road -- 3 BR, 2 BA
Price: $225,000 (2136 sqft)
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Allen Tate Company | MLS # 3207707 | Active
120 S Greenbriar Road -- 3 BR, 2 BA
Price: $225,000 (2366 sqft)
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Keller Williams | MLS # 3200557 | Active
610 Randa Drive -- 3 BR, 2.1 BA
Price: $190,000 (3468 sqft)
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Edwin Hunter & | MLS # 3201889 | Active
497 Cool Spring Road -- 3 BR, 2.1 BA
Price: $174,000 (2111 sqft)
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Chris Johnson Realty | MLS # 3190731 | Active
110 Morrison Creek Road -- 3 BR, 2 BA
Price: $172,000 (1970 sqft)
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Sellstate Select | MLS # 3179457 | Active
255 Sundance Circle -- 3 BR, 2 BA
Price: $155,000 (1441 sqft)
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Coldwell Banker | MLS # 3212608 | Contract
1131 Carolina Circle -- 3 BR, 2 BA
Price: $155,000 (1812 sqft)
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Keller Williams | MLS # 3207297 | Contract
139 Ridgeview Road -- 3 BR, 2 BA
Price: $150,000 (1458 sqft)
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Keller Williams | MLS # 3216276 | Active
1410 Commonwealth Avenue -- 3 BR, 2.1 BA
Price: $149,800 (2047 sqft)
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Wilkinson ERA Real | MLS # 3141946 | Contract
391 Barry Oak Road -- 3 BR, 1 BA
Price: $146,000 (1782 sqft)
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Excel Real Estate | MLS # 3199983 | Active
407 Florence Circle -- 3 BR, 2 BA
Price: $146,000 (2397 sqft)
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Keller Williams | MLS # 3131508 | Contract
3564 Carington Lane -- 3 BR, 2 BA
Price: $143,000 (1400 sqft)
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Keller Williams | MLS # 3214364 | Contract
1845 Kenmore Drive -- 3 BR, 2 BA
Price: $135,000 (1525 sqft)
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Keller Williams | MLS # 3210174 | Contract

Listings 1 - 20 of 57   next
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 Carolina Living 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. © 2016 Carolina Multiple Listing Services, Inc.
Data updated September 28, 2016

1st Quarter Lake Norman Area Foreclosure Report

Looking at the current active homes in the following areas: Cornelius,Denver,Mooresville, Catawba, Sherrills Ford and Statesville, we found 76 homes currently for sale that are showing at some sort of distressed state.

The prices range from a 7500 square foot home listed for 1.699 million all the way down to a home listed for $14,900 with everything in between!

The number of foreclosures on the market is on a decline but the opportunities are far from over. There are still many homeowners underwater and one decision from adding their home to the list.

If your searching for that deal as an investor, we can help with finding your rent or flip opportunity. If you are looking for that move up opportunity, we can help you spot that one rare find that exactly fits your needs.

Just let us set you up with an easy way to see them.

Lake Norman Foreclosures and Short Sale Statistics 2012

As of 8/15/2012, there have been 200 Lake Norman Waterfront homes sell during the year.

The average sold price is $782K with the minimum price coming in at $135K and the highest price coming in at 4.3 million.

The average days on the market for these Lake Norman Waterfront homes is 150 says with the max coming in at 647 days.

The average sold price to list price comes in at 92%.

Of these 200 Lake Norman Waterfront homes that sold, 27 of were either short sales or foreclosures. Interestingly enough the high price is the same as the 4.3 million dollar home listed below which means it was a distressed sale. The average price of these homes was 921K and the average days on the market came in at 160 days. Another important fact about these homes is that the average sale price to list price came in at 91% with the lowest being 74% for a home priced in the 190’s.

Overall in the Lake Norman area, there was 129 distressed sales during the first 8 months of 2012. Of these 129 homes, the average sales price was $395k and the average sold price to list price coming in at 94% and the average days on the market coming in at 146 days.

Overall in the Lake Norman area (area 13 within our MLS), there was 667 homes sold during the first 8 months of 2012.

We Can Help You With Your Lake Norman Real Estate

In addition to the professional property management services we offer, we also help buyers of Lake Norman Foreclosures in many capacities.

We help buyers around Charlotte and Lake Norman determine what are good target areas  and other factors that go into a sound investment.

In addition to this website and the one dedicated to Charlotte Foreclosures, we are members of 2 very important websites and are registered to help anyone with a purchase via these sources.

Hud Home Store is a great resource for first time home buyers and for investors.  We can guide anyone through the process of bidding on homes via this source.

Home Path is a Fanny Mae resource for finding foreclosed homes and again, we can assist you with finding and buying the right home here as well.

In all of these places Carolina Living Real Estate is primed and prepared to assist you with finding your next best investment.

 

Lake Norman Land For Sale

See Lake Norman Waterfront Lots For Sale

Lake Norman land for sale

Listings 1 - 16 of 16

18006 Harbor Light Boulevard
Price: $1,400,000 (0.83 acres)
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Keller Williams Realty | MLS # 3160121 | Contract
16334 Stinson Cove Road
Price: $775,000 (0.43 acres)
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Jordan Properties | MLS # 3194506 | Active
139 Points End Drive
Price: $629,000 (0.58 acres)
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Carlyle Properties | MLS # 3119601 | Contract
121 Little Acorn Lane
Price: $619,900 (0.79 acres)
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Lake Norman Realty, | MLS # 3188192 | Active
110 Stonemarker Road
Price: $514,000 (1.15 acres)
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Wilkinson ERA Real | MLS # 3152347 | Contract
478 Oak Tree Road
Price: $490,000 (0.70 acres)
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Lake Norman Realty, | MLS # 3138637 | Active
21209 Island Forest Drive
Price: $475,000 (0.24 acres)
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Carlyle Properties | MLS # 3099380 | Contract
Kenway Loop
Price: $399,900 (0.68 acres)
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Royal Properties | MLS # 3205330 | Active
Island View Court
Price: $370,000 (0.48 acres)
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Carlyle Properties | MLS # 3099769 | Active
566 Williamson Road
Price: $325,000 (0.89 acres)
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Keller Williams | MLS # 3170260 | Contract
Pine Mist Drive
Price: $69,000 (1.60 acres)
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CLT Residential Real | MLS # 2068635 | Active
5 Ingleside Drive
Price: $59,900 (4.75 acres)
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Countryside Properties | MLS # 2159500 | Contract
2317 Bluestone Court
Price: $55,900 (1.06 acres)
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Southern Charm Realty | MLS # 3212538 | Active
2369 Capes Cove Drive
Price: $45,000 (0.89 acres)
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Lake Norman Realty, | MLS # 3199825 | Active
6793 Ingleside Drive
Price: $19,900 (0.54 acres)
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Countryside Properties | MLS # 2159502 | Contract
124 Sarah Drive
Price: $14,600 (0.37 acres)
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Hecht Realty, Inc | MLS # 3051560 | Contract

Listings 1 - 16 of 16
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 Carolina Living 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. © 2016 Carolina Multiple Listing Services, Inc.
Data updated September 28, 2016

Lake Norman Vacant Lots For Sale

Lake Norman Watefront Lots For Sale

Lake Norman land for sale

Listings 1 - 10 of 10

18006 Harbor Light Boulevard
Price: $1,400,000 (0.83 acres)
→ More info
Keller Williams Realty | MLS # 3160121 | Contract
16334 Stinson Cove Road
Price: $775,000 (0.43 acres)
→ More info
Jordan Properties | MLS # 3194506 | Active
139 Points End Drive
Price: $629,000 (0.58 acres)
→ More info
Carlyle Properties | MLS # 3119601 | Contract
121 Little Acorn Lane
Price: $619,900 (0.79 acres)
→ More info
Lake Norman Realty, | MLS # 3188192 | Active
110 Stonemarker Road
Price: $514,000 (1.15 acres)
→ More info
Wilkinson ERA Real | MLS # 3152347 | Contract
478 Oak Tree Road
Price: $490,000 (0.70 acres)
→ More info
Lake Norman Realty, | MLS # 3138637 | Active
21209 Island Forest Drive
Price: $475,000 (0.24 acres)
→ More info
Carlyle Properties | MLS # 3099380 | Contract
Kenway Loop
Price: $399,900 (0.68 acres)
→ More info
Royal Properties | MLS # 3205330 | Active
Island View Court
Price: $370,000 (0.48 acres)
→ More info
Carlyle Properties | MLS # 3099769 | Active
566 Williamson Road
Price: $325,000 (0.89 acres)
→ More info
Keller Williams | MLS # 3170260 | Contract

Listings 1 - 10 of 10
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 Carolina Living 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. © 2016 Carolina Multiple Listing Services, Inc.
Data updated September 28, 2016

Lake Norman Pick Short Sale

Wow, Wow

Bay Crossing Short Sale

bay crossing homes for sale

Listings 1 - 8 of 8

154 Sleepy Cove Trail -- 4 BR, 4.1 BA
Price: $1,799,000 (8439 sqft)
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Titan Realty, Inc. | MLS # 3208310 | Active
140 Sleepy Cove Trail -- 5 BR, 4.2 BA
Price: $1,495,000 (7373 sqft)
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Anchor Real Estate LLC | MLS # 3091007 | Contract
157 Bay Shore Loop -- 4 BR, 4.1 BA
Price: $1,250,000 (5886 sqft)
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Lake Realty | MLS # 3210864 | Active
124 Liva Lane -- 5 BR, 4.1 BA
Price: $825,000 (5099 sqft)
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Allen Tate Company, | MLS # 3178473 | Contract
144 Tea Olive Lane -- 4 BR, 3.1 BA
Price: $729,900 (4205 sqft)
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Carolina Realty | MLS # 3213837 | Active
225 Bay Shore Loop -- 4 BR, 3.1 BA
Price: $699,000 (3578 sqft)
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Allen Tate Company | MLS # 3179426 | Active
145 Summerwind Drive -- 4 BR, 3.1 BA
Price: $650,000 (4667 sqft)
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Wilkinson ERA Real | MLS # 3174216 | Contract
106 Liva Lane -- 4 BR, 4 BA
Price: $540,000 (4259 sqft)
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Berkshire Hathaway | MLS # 3112766 | Active

Listings 1 - 8 of 8
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 Carolina Living 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. © 2016 Carolina Multiple Listing Services, Inc.
Data updated September 28, 2016

Should I Buy A Lake Norman Short Sale

 

Should I Buy A Short Sale?

Frankly, Lake Norman Short-Sales are one of the best deals in the marketplace.  These homes sell for 5% to 10% BELOW bank owned homes; which helps to make them the best deals on the market. 

Only make an offer on a Short Sale when you are certain that the agent who is selling the home and your agent as a buyer both know the process involved in Short Sales.  Be prepared because the process cold take up to 6 months or more.  If your agent understands how the Short Sale works and what’s needed to complete the entire process, things undoubtedly will go smoother for you.

So what are the key steps to getting into a Short Sale?

Key Step 1Do you have the time?  Short Sales take longer, plain and simple.  Lake Norman Short Sales can take 60 days up to 9 months.  This is, once again, where your agent knowing what they are doing and understanding the entire process of a Short Sale is important.  Now keep in mind not every situation is “normal”; about 70% of situations are “normal”.  You also have to also keep in mind that Short Sales are up from 8% in 2010 to 28% in 2011.  That means that Short Sales are definitely going a lot faster, but you still have to make sure that you have a little bit of time.

Here’s an example of what happens with a Short Sale; a home that sold 3 years ago for $527,000 sold in a Short Sale for $275,000.  That same home, if it were bank owned, might sell for about $350,000.  So Short Sales are definitely the best deal out there; but you have to make sure you have the time that it’s going to take to do the process and do it right.  So why do they banks do this?  Once again, a bird in the hand is worth two in the bush.  They want their money and they want it as fast as possible.

Key Step 2Work with a Carolina Living Realtor that KNOW’s Short Sales.  Be blunt; ask them right up front to show you their track record with Short Sales.  Tell them to give you proof that they know Short Sales.  A good realtor understands the process and makes your life a little easier.  As a buyer, you’re not paying for the fees, the bank is, so you want to make sure you get a realtor that is good and is going to work for you.  Carolina Living as The listing agents we work with a local law firm to assist us with negotiating with the banks. This is a recommendation we make to help expedite the process. If you are considering a short sale of your home, we can put you in touch with them to get all your questions answered.

Key Step 3Be open minded to a counter-offer from the bank.  Most of the time a bank will make a counter-offer.  Be willing to consider it.  The banks are willing to work with you, they’re just NOT willing to give the home away.  They go off the BPO (Broker Price Opinion). Again, your realtor should know and understand this process and the listing realtor definitely needs to know.

So why do banks do Short Sales?  Frankly, banks make more money on a Short Sale than they do on a foreclosure.  They make 10%-13% more money on a Short Sale.  The home stays in better shape when they’re making a Short Sale because the owner lives in it until the closing.  There are no added costs of maintenance and upkeep for the bank if the owner remains in the home.  It’s a more solid deal for the bank than allowing the home to go into foreclosure.  If they can get it done in a Short Sale they’re better off financially.

It’s all about the money.  That is why your offer needs to be a fair offer and not 40% to 60% below the market value.  Have your realtor run a market analysis for you before you make the offer so you have something to back you up. So if you want to make an offer at 40-60% below the market value, then be prepared to wait 12-20 months for you to get to a final deal.  It comes down to being realistic.

So why are we offering this information on Short Sales free of charge to you?  Honestly?  We want to make sure that YOU get a good and fair deal, no matter who you work with as your realtor.  We know that if we get this information out into the marketplace then everybody wins!  Knowledge is power.  Don’t get me wrong, we make a living by selling homes and we would love to help you with buying a Lake Norman Short Sale.  We are knowledgeable and we have that track record to prove it.  We love what we do and selling homes is our passion but it also is what pays our bills.  If we can help you make a Lake Norman Short Sale please give us a call or drop us an email.  Most of all, we want to make sure you understand what you need to do in order to buy a Short Sale and understand what you want to look for in a realtor.  We can definitely offer our services and be that realtor that makes your Short Sale run as smoothly and happen as fast as possible.

Lake Norman Foreclosures – Golf Course Homes

Lake Norman homes for sale

Listings 1 - 3 of 3

123 Stonewall Beach Lane -- 5 BR, 5.1 BA
Price: $1,349,999 (8545 sqft)
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Rush Realty, LLC | MLS # 3175446 | Active
107 Easton Drive -- 3 BR, 4 BA
Price: $999,900 (4331 sqft)
→ More info
Provident Living Inc | MLS # 3208147 | Active
1761 Brawley School Road -- 4 BR, 4 BA
Price: $845,000 (3867 sqft)
→ More info
Coldwell Banker | MLS # 3199009 | Active

Listings 1 - 3 of 3
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 Carolina Living 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. © 2016 Carolina Multiple Listing Services, Inc.
Data updated September 28, 2016

Foreclosures in Morrison Plantation


morrison plantation homes for sale

Listings 1 - 1 of 1

357 Montibello Drive -- 3 BR, 2 BA
Price: $270,000 (1820 sqft)
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Lake Norman Realty, | MLS # 3190060 | Active

Listings 1 - 1 of 1
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 Carolina Living 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. © 2016 Carolina Multiple Listing Services, Inc.
Data updated September 28, 2016