There are plenty of foreclosures available in the South Charlotte area and they are being found and bought every week.
The South Charlotte area of Charlotte, North Carolina has for many years had the upper average of median home prices. The attractions are Southpark Mall, The Wachovia Golf Tournament at Quail Hollow, Ballantyne area and where many of Charlotte's movers and shakers live.
There have been a few of those who have over extended themselves and the end result is foreclosure. The banks are now ready to let these properties go and they are selling for as much as 25% less than what they were purchased for. Just recently I sold a bank owned property in an upscale community for $462,000. It sold in 2004 for $850,000! This home had automatic equity of $125,000 that will be easily realized within 6 months to a year when the market rebounds.
That is why I say now is the time to act of these deals. It will be only a matter of time when the market turns North. Charlotte has been a very strong market for as long as I've been in Real Esate, 18 years. Finding the right bank owned properties is the key. On my site I've got a page for foreclosures that you can search. If you would like a detailed search, I can set you up on a webpage that will only search specific areas, price of neighborhoods. You may email me if interested in being set up on this, william@southcltproperties.com. Please view my YouTube video tour of a foreclosure home in the South Charlotte area.
http://www.youtube.com/watch?v=dGeMRJTu85Y