I understand your concerns, there are a lot of foreclosures happening in all the neighborhoods.
To answer your question, you are upside down on your home if you owe more than you could sell your home for right now. Many people are in this situation, but it does not mean that they can Short Sale their home; nor would I recommend trying it. It is important to note that if you plan on staying in your home for more than a couply of years you probably will end up being ok once the majority of foreclosures are finished and regular resales become predominant again.
Feel free to call me if you have more questions or would like to talk about this in greater depth. Have a great day!
Here's a link to the property information for you on WakeGov.com http://services.wakegov.com/realestate/Account.asp?id=0315200&stype=addr&stnum=8806&stname=elizabeth+bennet&locidList=&spg=1.
The home was not listed in the MLS records at all based on the street address...it could have been a new construction pre-sale that wasn't recorded in MLS, so I don't have any old listings to pull information from.
If you need help with locating other homes in foreclosure, pre-foreclosure, short sales, or otherwise, please feel free to contact me. Thanks and have a great evening!... more
You can always call the Raleigh Police Dept. precinct that covers that area (I didn't see the police district overlay on the online map for this one for WakeGov.com). RPD can probably talk with you about the crime stats in the area and answer any questions you may have about the overall safety of the area. Here's a website that was in a recent email sent out through our real estate company: http://www.raleighnc.gov/portal/server.pt/gateway/PTARGS_0_2_306_204_0_43/http%3B/pt03/DIG_Web_Content/dept/public/Dept-AboutUs-Police.html. Also, here's one with a little less info on felonspy.com: http://www.felonspy.com/search.html . Hope that helps!... more