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Banks helping to keep Charlotte-area families in their homes

Banks helping to keep Charlotte-area families in their homes

CHARLOTTE - Two of the largest financial institutions are opening help centers in Charlotte to offset the foreclosure crisis.

Bank of American plans to open a help center in October. The location hasn't been announced.

Chase Home Loan opened its Homeownership Center this week to help families struggling to make their mortgage payments. Loan counselors will help borrowers who have a home loan serviced by Chase or EMC.

Discounts in works for unsold units at Charlotte's Rosewood condos

Discounts in works for unsold units at Charlotte's Rosewood condos

COTSWOLD (Susan Stabley, Charlotte Business Journal) - Sales at the Rosewood luxury condo complex may soon bloom again under a new pricing model that discounts units as much as 30%.

But first, the company that developed the project must gain approval for a Chapter 11 bankruptcy plan that puts Rosewood’s remaining units in the hands of the same local investors that bought the debt on the EpiCentre complex.

Work on the 9-acre, 134-unit Rosewood development at Providence and Sharon Amity roads finished in 2007. Its developer — Rosewood at Providence LLC — filed for bankruptcy reorganization in February 2010. That partnership is an affiliate of Macon, Ga.-based WCDM Development, headed by Jerry Stephens.

Park Road Shopping Center has a new owner, again

Park Road Shopping Center has a new owner, again

PARK ROAD - Park Road Shopping Center has a new owner for the second time in five weeks.

Edens & Avant, one of the nation’s leading retail real estate owners and developers, announced Tuesday that it purchased Park Road Shopping Center in Charlotte from its owners Wake Forest University, Queens University of Charlotte, and Wingate University. 

The trio of universities acquired the property on June 16 from ninety-one year old philanthropist and legendary North Carolina businessman Porter Byrum, who owned the shopping center for 44 years.

Crosland wins fight over Quail Corners

SOUTH CHARLOTTE (Mike Parks, The South Charlotte Weekly) - In the end, it was concessions made by Crosland that paved the way for the redevelopment of Quail Corners. It just wasn’t the concessions neighbors had been pleading for.

Charlotte City Council voted 10-2 in favor of rezoning the shopping center at the corner of Park Road and Sharon Road West, making way for commercial real estate giant Crosland to add a fast-food restaurant with drive-through at the corner and revitalize a number of the shops at Quail Corners – including the Harris Teeter.

Though residents in the area have complained for months that such an establishment would bring traffic, crime and safety problems to their favorite shopping destination, council members believe the developer has done enough to provide needed safety improvements to the ‘new’ Quail Corners.

More property revaluation meetings set; snow date rescheduled

More property revaluation meetings set; snow date rescheduled

MECKLENBURG COUNTY - More public meetings concerning Mecklenburg County property revaluation have been announced, and a meeting postponed by icy weather has been rescheduled.

Revaluation is the process of reappraisal of all properties within the County for tax assessment purposes, and is required once at least every eight years by North Carolina law. The last reappraisal in Mecklenburg County was in 2003.

Over time, the real estate market changes, and market prices deviate from the assessed values estimated during the previous reappraisal. A revaluation does two important things:

County set to revaluate your property; public meetings set

County set to revaluate your property; public meetings set

MECKLENBURG COUNTY - The first in a series of public meetings concerning Mecklenburg County property revaluation are set for Wednesday night.

Revaluation is the process of reappraisal of all properties within the County for tax assessment purposes, and is required once at least every eight years by North Carolina law. The last reappraisal in Mecklenburg County was in 2003.

Over time, the real estate market changes, and market prices deviate from the assessed values estimated during the previous reappraisal. A revaluation does two important things: