Tagged : OBX Foreclosures 
There are currently 2 blog entries matching this tag.
Outer Banks Foreclosure News October 25, 2009
Sunday, October 25th, 2009 at 9:05am. 154 Views, 0 Comments.
Currently we are following 33 available foreclosures on the Outer Banks. Prices range from $69,900 for a 1 bedroom home in Wanchese to a $1,975,000 oceanfront home in Nags Head. In 2009 we have seen foreclosed homes go under contract in as few as 17 days.
The median days on the market for sold Outer Banks foreclosures in 2009 has been 105 days. This number has been falling as we are seeing foreclosures come on the market priced well below tax value. If you are looking to invest in an Outer Banks home, now is an excellent time. Foreclosures can make excellent long term investments.
Outer Banks Foreclosure Report for October 11, 2009
Sunday, October 11th, 2009 at 1:27pm. 246 Views, 0 Comments.
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…