Outer Banks Foreclosure Report for October 11, 2009
Posted by Red Sky Realty Group on Sunday, October 11th, 2009 at 1:27pm.We are continuing to see strong sales of distressed homes. Distressed homes are those that are short sales or bank owned. (The final phase of foreclosure is the bank taking possession, after they take possession they need to sell. Often this can lead to great opportunities for those looking to buy a foreclosed home.) In September we saw distressed homes account for 25% of all sold homes on the Outer Banks. Of the 95 homes sold, 17 were bank owned and 7 were short sales.
When we see such a high percentage of distressed home sales, it lets us know there are still significant opportunities available for those who are looking to buy a home in the Outer Banks. If you are interested in buying a foreclosure or short sale in the Outer Banks, join our email newsletter.
Currently we are tracking 28 foreclosed or bank owned homes from Corolla to Ocracoke. Currently we are seeing prices range from $134,000 to $1,975,000. As you can imagine some homes are better opportunities that others. For more information on a home, contact our bank owned homes specialist, Dawn.
We call this beautiful area here home and are fortunate to spend our lives here. All of us are happy to answer any questions you may have from the quality of life to what is life in the Outer Banks like?
Our specialty is real estate and specifically we focus on Outer Banks vacation and investment homes. We cover every town of the Outer Banks, and are here to help you at anytime. Start your search for an Outer Banks home today.
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| Corolla | Currituck | Hatteras
Island | Kitty Hawk | Nags Head | Southern Shores |
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[...]Foreclosure Update – October 11, 2009
Outer Banks Foreclosure Report for October 11
We are continuing to see strong sales of distressed homes. Distressed homes are those that are[...]
Posted on Monday, October 12th, 2009 at 3:47 PM.