NC Foreclosures Down 50% in February (Maggie Valley, NC)

It is important to keep our eyes focused on the light at the end of the tunnel. Interpreting the news that we receive daily requires some filters. And I am hearing indicators that are beneficial to North Carolina. For instance...

While the rest of the country is reeling from an unexpected rise in foreclosure filings, the number of foreclosures in North Carolina fell 49.7 percent in February, according to data from RealtyTrac Inc..

The state had 2,039 foreclosures in February, with one in every 2,023 homeowners receiving a default notice, auction-sale notice or bank-repossession filing.

Foreclosure filings in North Carolina fell 14.5 percent in February from January.

Across the country, foreclosure filings rose nearly 30 percent last month from February 2008. There were 290,631 foreclosure filings, which affected one in every 440 U.S. households. Nevada, Arizona and California posted the top foreclosure rates in the country last year.

Source: North Carolina Realtor Report:from Charlotte Observer (link Below for full article).
http://www.bizjournals.com/charlotte/stories/2009/03/09/daily36.html

Short Sale on Log Cabin - Maggie Valley Real estate

Short Sale on Log Cabin in the Mountains of North Carolina with Maggie Valley Views

$190,000 - Short Sale approval needed on this log home. Price per sq. ft is very competitive. High quality wood T&G ceilings, logs, and wood floors create the feeling of quality. Lots of glass to take in the Beautiful views and for a feeling of spaciousness. Porches, garage, den and ofice. Great room with vaulted ceilings and lots of glass, very attractive home - compare this price!!! See Virtual Tour on www.mountainheritage.com

Three or four bedrooms/3baths big covered porch and open deck. Paved access near Maggie Valley in Jonathan Creek area. MLS# 426114

List price is well below loan value on the house requiring bank approval of contract. Contact Lynda Bennett for more details and a showing.

302 Cedarwood Waynesville , NC 28786 (828) 926-5200 Click here for price Reduced to $190,000 - Log Cabin Moving Sale Moving must sell - reduced price on this beautiful log home. Price per sq. ft is very competitive ($102./Sq.Ft.)... High quality wood T&G ceilings, some log walls, and wood floors create the feeling of quality... Beautiful VIEWS. Lots of glass to take in the views and for a feeling of spaciousness ... Garage with work shop area ... den/TV room on lower level, open great room above ... 4th bedroom is an office ... lots of decks and porches - covered porches on two levels ... MORE...