Start your investments in foreclosure homes in North Carolina
North Carolina Foreclosure Homes are houses that have been repossessed, usually because the owner did not pay their mortgage. These homes are taken over by a government agency that insures home loans or by the lender themselves. Once they have been legally taken from their owner, they are put up for sale again. In selling them, the government or lenders hope to get back some of the money they lose when someone defaults on a home loan. The homeowners loss is your gain because you are able to save when you buy one.
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Why Are North Carolina Foreclosure Homes So Inexpensive?
While it may seem that sellers would want to get as much money as possible for foreclosure houses, there are many reasons why they are priced to sell:
- For lenders, maintaining them costs money in insurance, taxes, and other expenses. Pricing to sell just makes sense.
- Unlike homeowners, lenders don't have to ask full price in many cases to earn back their money. Some ones are not mortgages to full equity, so lenders can afford to lower the price on these ones to sell them fast.
- Lenders are not professional sellers. They are more concerned with getting their money back than with haggling over price.
- Lenders have many foreclosures and the process for assessing and pricing them is fast, too. Mistakes are made and some ones are under-assessed and under-priced just by oversight.
- Some ones have been vacant for a while. They don't show well and they need minor repairs or some cleaning up - simple tasks to complete, but these facts still push the price on them further down.
- When you buy North Carolina Foreclosure Homes, then, you are paying less because of the reality of foreclosures, not because of lower quality. In fact, you can buy them in the same styles and in the same neighborhoods as much-sought-after full-priced real estate. The difference is that you pay less.
Our 10 most Recent North Carolina foreclosures
| Zipcode | Status | City | Street | County | Bed/Bath | Price | Details |
| 28314 | Active | Fayetteville | KERSHAW LOOP AP... | Cumberland | 3/1 | $118,900.00 | Details |
| 28304 | Active | Fayetteville | WINNABOW DR | Cumberland | 3/2 | $63,900.00 | Details |
| 28314 | Active | Fayetteville | JENNY RD | Cumberland | 3/1 | $130,900.00 | Details |
| 28305 | Active | Fayetteville | MARTINE RD | Cumberland | 3/1 | $94,900.00 | Details |
| 27909 | Active | Elizabeth City | SUNNY ACRES DR | Pasquotank | 3/1.5 | $108,900.00 | Details |
| 27909 | Active | Elizabeth City | MOORE ST | Pasquotank | 2/1 | $59,900.00 | Details |
| 27909 | Active | Elizabeth City | E BURGESS ST | Pasquotank | 3/1.5 | $68,900.00 | Details |
| 27886 | Active | Tarboro | N HOWARD CIR | Edgecombe | 4/2 | $109,900.00 | Details |
| 27596 | Active | Youngsville | N NASSAU ST | Franklin | 3/2 | $34,900.00 | Details |
| 28031 | Active | Cornelius | NORTHPORT DR | Mecklenburg | 4/3 | $279,900.00 | Details |
North Carolina foreclosures news:
- What Beazer Homes hath wrought - CharlotteObserver.com - Sat, 04 Jul 2009 11:27:38 GMT CharlotteObserver.com What Beazer Homes hath wrought CharlotteObserver.com Write her at The Observer, PO Box 30308, Charlotte, NC 28230. A Beazer subdivision, Fern Hill, under construction in 2007. I remember buying my first house. ... and more »
- The Nation's Housing Lowball Appraisals Spark Uproar - Washington Post - Fri, 03 Jul 2009 20:16:07 GMT The Nation's Housing Lowball Appraisals Spark Uproar Washington Post In Wilmington, NC , a loan applicant with a house in excellent condition and an unblemished payment record sought to refinance into a 4.75 percent mortgage. ... and more »
- Beazer Homes USA, Inc. Reaches $50000000 Settlement of Mortgage ... - RealEstateRama - Thu, 02 Jul 2009 21:21:13 GMT CharlotteObserver.com Beazer Homes USA, Inc. Reaches $50000000 Settlement of Mortgage ... RealEstateRama This $10000000 includes the $2500000 Beazer paid to the North Carolina Commissioner of Banks in May 2009 to provide restitution to North Carolina victim ... Homebuyers getting checks in fraud settlement WCNC (subscription) Beazer may never pay up in full CharlotteObserver.com $50 million will end Beazer's fraud case News & Observer Trading Markets (press release) - CharlotteObserver.com - CharlotteObserver.com all 327 news articles »
- Real Estate News - Charleston Post Courier - Sat, 04 Jul 2009 10:10:29 GMT Real Estate News Charleston Post Courier Realtors in one Carolina One Real Estate office have teamed up to focus on distressed property, notably foreclosures and short sales. ... and more »
- RealtyTrac: NC foreclosures down 32% - Bizjournals.com - Thu, 11 Jun 2009 18:54:41 GMT RealtyTrac: NC foreclosures down 32% Bizjournals.com The number of new foreclosures in North Carolina during May dropped nearly 32 percent from the same month a year ago, new data from RealtyTrac show. ... NC foreclosure filings drop Bizjournals.com all 672 news articles »
- Hudson & Marshall foreclosure auction to feature 27 Triangle homes - Bizjournals.com - Thu, 18 Jun 2009 18:39:43 GMT Hudson & Marshall foreclosure auction to feature 27 Triangle homes Bizjournals.com More than 100 bank-owned North Carolina homes will be auctioned off from June 23 through June 28, an auction that will include 27 homes in or near the ... Over 100 Foreclosed Homes Auctioned in Cities Throughout North and ... PR Newswire (press release) all 9 news articles »
- North Carolina, Georgia, Kansas Bank Seizures Cost $363 Million - Bloomberg - Sun, 21 Jun 2009 04:19:05 GMT WWAY NewsChannel 3 North Carolina , Georgia, Kansas Bank Seizures Cost $363 Million Bloomberg June 21 (Bloomberg) -- Banks in North Carolina , Georgia and Kansas with combined assets of $1.5 billion were seized by ... Southern Community Bank shuttered Bizjournals.com US closes three banks to bring year's total to 40 Taipei Times Bad loans sink 12th bank in state Atlanta Journal Constitution The Citizen.com - CNNMoney.com - Visit Bulgaria all 470 news articles »
- US Mortgage Applications Fall 19%, Defying Obama - Bloomberg - Wed, 01 Jul 2009 16:06:31 GMT MonitorBankRates.com US Mortgage Applications Fall 19%, Defying Obama Bloomberg Builders including Los Angeles-based KB Home are slashing prices and reducing the size of houses to compete with foreclosures . KB Home's revenue fell 40 ... Mortgage applications fall 19 percent The News Journal all 115 news articles »
- NC Foreclosure Prevention Project prevents more than 1000 foreclosures - Asheville Citizen-Times - Tue, 16 Jun 2009 20:08:02 GMT Nurido NC Foreclosure Prevention Project prevents more than 1000 foreclosures Asheville Citizen-Times The NC Foreclosure Project also provides an opportunity for homeowners to have their subprime loans reviewed for potential violations of law by ... Gov. Perdue: 1000 foreclosures prevented The Business Journal of ... Bizjournals.com all 188 news articles »
- Property, income not only retirement tax concerns - Philadelphia Inquirer - Thu, 02 Jul 2009 20:36:47 GMT Property, income not only retirement tax concerns Philadelphia Inquirer Keller, who is divorced, and her 58-year-old sister Patricia have gone on scouting trips to North Carolina , South Carolina and Florida the last three years, ... Property, income not only retirement tax concerns Philadelphia Inquirer all 11 news articles »
