What is foreclosure and why Outer Banks is a good place for buying bank-owned property?
Foreclosured homes, also known as Bank-owned, REOs, Repos, have been repossessed by the lender, the debt has already been offered at the courthouse steps and the lender has now hired a real estate... Read more
Search Outer Banks Short Sale Listings
posted by: John Dean
Tuesday 3rd of August 2010 12:50:24 PM
What is a short sale and why Outer Banks is a good place for buying distressed property?
A short sale is explained in detail in our Buyer Guide, but basically involves a seller selling a property "short" of the net amount needed to pay off the mortgage. "Distressed, Underwater, Upside down and nega... Read more
Foreclosures, Search the Outer Banks MLS free with no registration required. See Homes for Sale - Nags Head, Duck, Corolla, Hatteras, Kitty Hawk, Manteo, Kitty Hawk and Kill Devil Hills.
OBX FORECLOSURES
2010 Outlook for Foreclosure Sales - Outer Banks Real Estate
Understanding the playing field is a critical first step for Outer Banks investors. The foreclosure market continues to dominate distress sales and evolve. In this updated peice, readers can understand the current market conditions for January 2010.
The supply of foreclosure properties is slightly down as of January 2010 - 57 active foreclosure listings on the Outer Banks. This is NOT due to a slowdown in foreclosures on the Outer Banks. In many cases properties are being delayed in their sale due to the explosion in bankruptcies by borrowers. In other cases banks are overwhelmed and simply cannot deal effectively with the process of getting bank owned property to market. Bankruptcy typically delays marketing a minimum of 5 months. Read entire Article
Bank Owned lot in Wysocking Bay. Community offers Canal access to the sound with Good Fishing nearby.
107 Reef Lane , Grandy, 27939
Price: $ 25,000
Bank owned canalfront lots - 2 side by side, so buy together and be able to build a home. Adjacent lot also for sale MLS 65999 - buy together and build your waterfront home soon. Water tap & sewer assessment have been paid for these lots.
109 Reef Lane , Grandy, 27939
Price: $ 25,000
Bank owned canalfront lots - 2 side by side, so buy together and build your waterfront home. Adjacent lot also for sale - MLS 65998. Buy together - water tap has been paid for 107 Reef Lane & assessment of $2500 is for both lots to tap to upgraded community waste water system has also been paid.
202 Wysocking Drive , Englehard, 27824
Price: $ 33,000
Bank Owned lot in Wysocking Bay. Community offers Canal access to the sound with Good Fishing nearby
201 Wysocking Drive , Englehard, 27824
Price: $ 34,000
Bank Owned lot in Wysocking Bay. Community offers Canal access to the sound with Good Fishing nearby.
40360 Highway 264 , Belhaven, 27875
Price: $ 34,900
Beds: 3
Full Baths: 2
Further Reduced!! Mobile home conveyed at no real value. 23 acres for under $35,000! Potential galore. Property sold as-is, all info, systems, utilities to be verified by buyer. All info based on public record &/or prior MLS, UNVERIFIED. AGENTS, REVIEW AGENT REMARKS
251 Marina Drive , Englehard, 27824
Price: $ 35,000
Bank Owned lot in Wysocking Bay. HUGE 2 Acre lot. Community offers Canal access to the sound with Good Fishing nearby
000 *Not Available , Hertford, 27932
Price: $ 39,000
Great lot in the loved Albemarle Plantation. This one will not last long.Please note: Lot is being sold AS IS. SPECIAL WARRANTY DEED. Pre approval required before making an offer.
6023 Caratoke Highway , Grandy, 27939
Price: $ 41,900
Beds: 2
Full Baths: 1
Full Baths:
8/24/10 BACK ON MARKET - BRING OFFERS FROM QUALIFYING BUYERS ! HOW CUTE! THIS CUTE 2 BEDROOM COTTAGE HAS BEEN SPRUCED UP AND WITH A LITTLE TLC WOULD BE A SUPER HOME. NEW KITCHEN FORMICA COUNTERS, NEW KITCHEN SINK, BRAND NEW STOVE/OVEN, SIDE BY SIDE REFRIGERATOR, NEW VINYL FLOORING IN KITCHEN AND EATING AREA, ALL NEW BATH AND FRESH PAINT EVERYWHERE. NEW FRONT DOOR AND STEPS. NEW WELL, WELL PUMP AND SEPTIC TANK AND FIELD YOU JUST NEED TO UPGRADE THE ELECTRICAL PANEL TO HANDLE THE NEW ELECTRIC BASEBOARD HEATERS. A MUST SEE!!
106 Marina Drive , Englehard, 27824
Price: $ 42,000
Bank Owned Canal front lot in Wysocking Bay. Community offers Canal access to the sound with Good Fishing nearby.
Hooty's Tips:
Data last updated: September 04 2010 20:47:27.." 