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
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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
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