What is a foreclosure?

Foreclosure occurs when a homeowner loses the right to his or her estate after failing to pay the mortgage for an extended period of time. The right to that property is then given to the lending institution to enforce the homeowner to pay the outstanding debt owed to the company.

 Common causes of foreclosure:

• Unemployment
• Divorce
• Death / Illness
• Increase in mortgage payments
• Increase in taxes
• Negligence
• Financial Instability

How to avoid foreclosure:

• Make a budget for yourself, including your monthly mortgage payments
• Know the rights you have under your mortgage
• Don’t ignore the problem and contact your lender immediately
• Talk to a HUD-approved counselor
• Negotiate a short-sale with your lender

What is a short-sale?

What is a Short Sale from ShowcaseRealtyLLC on Vimeo.

A short-sale is when a lender allows the property to be sold to another buyer for less than the initial mortgage rate. This can be beneficial to both parties involved, because the borrower avoids the devastation of foreclosure or bankruptcy, while the lender still receives a large portion of what was owed to them. There are bargains everywhere!

Financing a foreclosure home

In the situation where the foreclosure is carried out, the property will be put on the market and sold as-is, at a much less expensive price. Financing for these homes is made easy with the help of an experienced agent and a financial institution willing to lend you the money to purchase your new home.

 CLICK HERE to see if you qualify for assistance!

Most Recently Listed Foreclosure Properties

$1,319,000 ▼

16414 Marvin, Charlotte

This exquisite Italianate villa is tucked into the gated Evermay community of estate homes, just moments from all Ballantyne amenities and major highways. Luxury finishes...

• Beds 6
• Baths 9.0
• MLS 2110210

• Courtesy of Showcase Realty LLC
• Status Active

$729,900

3808 Mooreland Farms, Charlotte

This remarkable home in Royden subdivision sits on a large shady lot in a pristine neighborhood. Fabulous features starts with a gone-with-the-wind staircase at the foyer...

• Beds 5
• Baths 5.0
• MLS 2157704

• Courtesy of Showcase Realty LLC
• Status Active

$225,200

6745 Wheeler, Charlotte

This lovely home in Stonehaven neighborhood sits on a large shady lot. Fabulous features include a 2-car carport, raised-hearth brick fireplace, beaming hardwood floors, ...

• Beds 4
• Baths 4.0
• MLS 2156325

• Courtesy of Showcase Realty LLC
• Status Active

$175,900

5176 Sawbill, Gastonia

16 beautiful wooded, variable sized lots for sale in the gorgeous neighborhood of Mallard Crossing. All 16 Lots sell together and NOT separate. Priced to sell as package,...

• Beds –
• Baths –
• MLS 2144961

• Courtesy of Showcase Realty LLC
• Status Active

$154,000

568 Royalty Unit #568, Gastonia

A wonderful & newer Full Brick condominium located a very short distance from Gastonia Municipal Golf Course and few blocks from Hwy 321. Lovely living space with pre-fin...

• Beds 2
• Baths 2.0
• MLS 2153033

• Courtesy of Showcase Realty LLC
• Status Active

$148,000 ▼

6350 Long Branch, Salisbury

Privacy and then some! Bright open great room with stone faced fireplace. Large deck overlooks private yard. Plenty of room for car collector.

• Beds 3
• Baths 3.0
• MLS 2129169

• Courtesy of Showcase Realty LLC
• Status Active

$129,000

4231 Bathurst, Charlotte

Beautiful newer 2 story house located minutes from I-485 and Independence Blvd. House has mini backyard with a patio and 2 car garage. All bedrooms on the 2nd floor and a...

• Beds 3
• Baths 3.0
• MLS 2154675

• Courtesy of Showcase Realty LLC
• Status Active

$125,000

2005 Trey, Monroe

Think of it as your own mini-estate - .93 acres... in gorgeous country part of Union County at an unbelievable price! Vaulted ceiling and gas fireplace warm up the Great ...

• Beds 3
• Baths 2.0
• MLS 2158172

• Courtesy of Showcase Realty LLC
• Status Active

$117,900 ▼

708 Harrier, Charlotte

This lovely home in Quail Ridge subdivision sits on a cul-de-sac lot. Nice gas fireplace with a niche welcomes you as you walk into this beautiful home. Nice molding deta...

• Beds 4
• Baths 3.0
• MLS 2147266

• Courtesy of Showcase Realty LLC
• Status Active

$115,000 ▼

4476 Yoruk Forest Unit #4476, Charlotte

Gorgeous 2-story townhome in Cotswold, close to Uptown. Living room w fireplace, kitchen w granite counters, stainless appliances & ceramic floors. Updated bathrooms with...

• Beds 2
• Baths 3.0
• MLS 2147419

• Courtesy of Showcase Realty LLC
• Status Active

$109,900

1005 Tanglewood, Gastonia

This lovely home in Gastonia's Fern Forest neighborhood sits on a large shady lot. Fabulous features include hardwood floors, a wonderful kitchen with tile backsplash and...

• Beds 3
• Baths 3.0
• MLS 2158010

• Courtesy of Showcase Realty LLC
• Status Active

$105,000

18801 Nautical Unit #204, Cornelius

Great Open Condo Large rooms, Deck, Great value priced over 15K below assessed value!!

• Beds 2
• Baths 2.0
• MLS 2152314

• Courtesy of Showcase Realty LLC
• Status Active

$102,000

8918 Tendring, Charlotte

Great looking 1 story home conveniently located near I-485 in a popular Cambridge subdivision on a cul-de-sac lot with a spacious 2 car garage. Very open floor-plan with ...

• Beds 3
• Baths 2.0
• MLS 2160336

• Courtesy of Showcase Realty LLC
• Status Active

$102,000

726 Cove, Gastonia

Located in Forrest Estates on .69 of an acre. Large kitchen with breakfast area. Great room has wood floors and vaulted ceiling. Screen porch overlooks brick paver patio...

• Beds 3
• Baths 2.0
• MLS 2158571

• Courtesy of Showcase Realty LLC
• Status Active

$99,900 ▼

1050 Canada, Dallas

This home sits on nearly half an acre. Featuring a bright open floor plan, large kitchen and a spacious master suite, this a a perfect place to call home. In your master ...

• Beds 3
• Baths 2.0
• MLS 2153896

• Courtesy of Showcase Realty LLC
• Status Active

$95,000

2618 Stagbuck, Gastonia

Amazing 2 story home located minutes from I-85 and Hwy 321 in the middle of Fawnbrook subdivision. House has a 2 story great room, 2 bedrooms and a master upstairs, plus ...

• Beds 3
• Baths 3.0
• MLS 2159818

• Courtesy of Showcase Realty LLC
• Status Active

$89,000

13101 Young Fawn, Charlotte

Gorgeous newer home located in the hear of Planters Walk community, which has many great amenities like Pool and recreational areas. House floors have been tiled in every...

• Beds 3
• Baths 3.0
• MLS 2159540

• Courtesy of Showcase Realty LLC
• Status Active

$85,500

4912 Cheviot, Charlotte

Charming Brick Ranch with Huge lot, 1 car garage (Back Load). Home Retains many period details from wood flooring to ceramic tile in bath. Living has a large brick firepl...

• Beds 3
• Baths 2.0
• MLS 2158177

• Courtesy of Showcase Realty LLC
• Status Active

$79,510 ▼

8417 Rhian Brook, Charlotte

Soaring ceilings and Fireplace awaits you in this adorable ranch with gleaming laminate floors and good size rooms. Over 30K below tax value. This is an exceptional Deal...

• Beds 2
• Baths 2.0
• MLS 2146912

• Courtesy of Showcase Realty LLC
• Status Active

$69,900 ▲

11516 Antebellum, Charlotte

This lovely 3 bed/2 bath Ranch home in Twelve Oaks neighborhood sits on a large wooded lot. Fabulous features include a 2 car garage, nice oak cabinetry in the kitchen th...

• Beds 3
• Baths 2.0
• MLS 2137806

• Courtesy of Showcase Realty LLC
• Status Active

$69,000

910 Lake, Shelby

Charming 1 story home with brick exterior. Wood paneling in dining area and living room with fireplace. Covered porch. Large backyard and nice deck off main level. Fu...

• Beds 3
• Baths 2.0
• MLS 2156435

• Courtesy of Showcase Realty LLC
• Status Active

$64,900

207 N 13th, Bessemer City

None

• Beds –
• Baths –
• MLS 2130664

• Courtesy of Showcase Realty LLC
• Status Active

$64,350

409 W Timberlane, Mount Holly

Fabulous brick ranch house with 2 beds and 1 bath. Great hardwood flooring w/ a pool in the backyard! Great price below tax value!

• Beds 2
• Baths 1.0
• MLS 2124199

• Courtesy of Showcase Realty LLC
• Status Active

$64,000

510 W 8th, Gastonia

Charming 1940's home conveniently located minutes from Hwy 321 and easy access to I-85. It's a Historic home on almost 1/4 acre with a deck overlooking beautiful backyard...

• Beds 2
• Baths 1.0
• MLS 2157886

• Courtesy of Showcase Realty LLC
• Status Active

$59,995

1291 N Modena, Gastonia

Cute ranch house located right across from Bradley Center Park! Home features a carport and a long driveway for extra parking space, extra storage shed in the yard, and a...

• Beds 3
• Baths 2.0
• MLS 2143004

• Courtesy of Showcase Realty LLC
• Status Active

$55,000

2111 Hart, Charlotte

None

• Beds 3
• Baths 2.0
• MLS 2160732

• Courtesy of Showcase Realty LLC
• Status Active

$54,000

804 Kings, Shelby

Charming and beautifully preserved home located minutes from Hwy 74 inside Shelby city limits. This home is built of mostly brick and features a roomy kitchen with plenty...

• Beds 4
• Baths 2.0
• MLS 2157907

• Courtesy of Showcase Realty LLC
• Status Active

$50,000

4001 Alvaro, Dallas

Open and Spacious Doublewide, located out in the country between Dallas and Stanley!! Home has large rooms, Kitchen is very roomy with plenty of cabinet space, Master sui...

• Beds 3
• Baths 2.0
• MLS 2153044

• Courtesy of Showcase Realty LLC
• Status Active

$49,000

4552 Red Apple, Bessemer City

Attractive newer Doublewide located in the country area almost in the middle between Cherryville, Dallas, and Bessemer CIty. Home located in the middle of the .71 acre sl...

• Beds 3
• Baths 2.0
• MLS 2155529

• Courtesy of Showcase Realty LLC
• Status Active

$48,000

1932 Umstead, Charlotte

This partial brick home sits on a fenced corner lot. Spacious rooms, hardwood floors, and functional style. Make an offer today! Bids published in Mecklenburg Times.

• Beds 3
• Baths 2.0
• MLS 2154880

• Courtesy of Showcase Realty LLC
• Status Active

$47,000 ▼

1435 New Prospect Church, Shelby

Cute and charming full brick ranch house with lots of character! Home features 2 bedrooms,1 bath, 1 car carport and a huge deck. Tucked away on a quiet road with mature t...

• Beds 2
• Baths 1.0
• MLS 2139921

• Courtesy of Showcase Realty LLC
• Status Active

$46,900 ▼

2749 Court, Gastonia

Convenient to I-85, the Gastonia medical complex, shopping and restaurants, this adorable vintage cottage sits on more than half-an-acre of shaded property. The home reta...

• Beds 3
• Baths 1.0
• MLS 2104108

• Courtesy of Showcase Realty LLC
• Status Active

$44,700 ▼

212 School, High Shoals

Charming home surrounded by gorgeous mature trees situated in Carolinian Mills Inc subdivision. With it's functional style this home features an updated kitchen, spaciou...

• Beds 2
• Baths 2.0
• MLS 2153085

• Courtesy of Showcase Realty LLC
• Status Active

$43,560

813 Pennsylvania, Charlotte

Great investment opportunity! Close to I-77 and I-85 with quick access to Uptown. Great features include Master down floorplan, 3 bedrooms and a laundry room upstairs, ki...

• Beds 3
• Baths 2.0
• MLS 2157807

• Courtesy of Showcase Realty LLC
• Status Active

$41,500

419 S Ridge, Dallas

Located in quiet Dallas but close to I85. This charming 2 bedroom 2 full bath offers hardwood floors, fireplace in living room and spacious kitchen.

• Beds 3
• Baths 2.0
• MLS 2160704

• Courtesy of Showcase Realty LLC
• Status Active

$41,200

9829 Packard, Pineville

Amazing Deal! This ranch style home is the perfect fixer upper. Spacious bedroomsYou could be relaxing on your front poach enjoying fresh summer air in no time, Make you...

• Beds 3
• Baths 2.0
• MLS 2154870

• Courtesy of Showcase Realty LLC
• Status Active

$35,000

516 Graham, Albemarle

Cute and charming ranch house that is wheelchair accessible! Fabulous features include inviting front porch, spacious kitchen that opens up to a big flat backyard that yo...

• Beds 1
• Baths 1.0
• MLS 2153892

• Courtesy of Showcase Realty LLC
• Status Active

$35,000

400 N Yadkin, Spencer

Large Bungalow Style home in Spencer!! Home sits on Large lot, Unfinished Basement, 5 bedrooms and 3 baths!! Great value priced over 85K below assessed value!!

• Beds 5
• Baths 3.0
• MLS 2145330

• Courtesy of Showcase Realty LLC
• Status Active

$34,900 ▼

2766 Court, Gastonia

Great Ranch with full basement!! Home has a ton of potential, Nice covered front porch, priced below assessed value!!

• Beds 3
• Baths 2.0
• MLS 2115765

• Courtesy of Showcase Realty LLC
• Status Active

$33,000

3024 Marney, Charlotte

With it's charming style and quiet streets, this is a great starter home that sits in the adorable Coltswold neighborhood. Front patio, cozy fireplace, spacious rooms, or...

• Beds 3
• Baths 1.0
• MLS 2154875

• Courtesy of Showcase Realty LLC
• Status Active