Tagged : Outer Banks Foreclosures 
There are currently 5 blog entries matching this tag.
March 20th Outer Banks Foreclosure Tour - Register Today
Wednesday, February 10th, 2010 at 8:41am. 252 Views, 0 Comments.
Been on the fence about buying a home in the Outer Banks?
Why not enjoy a day on the Outer Banks and explore the potentials of vacation home ownership? Our OBX foreclosure tour is going to be held on March 20th. It will include breakfast, a tour of available foreclosures, and the availability to talk with local insurance, mortgage, and property management representatives about the unique opportunities of purchasing a foreclosed home.
More Information on OBX Foreclosure Tour
Outer Banks Foreclosure Information for November 2009
Wednesday, December 16th, 2009 at 12:31pm. 183 Views, 0 Comments.
Distress sales are made up of foreclosures and short sales. For the month of November of the Outer Banks we saw, distress sales make up 27% of the total sales. 17 foreclosed homes were sold in the month of November, along with 10 short sales for a total of 27 transactions. This was down from distress homes being 34% of the total sales in the month of October.
In the market as a whole we saw, 100 residential homes in the Outer Banks sold. The sold homes data for November was an increase of 5 and 3 units from September and October of this year. Another strong sign is, we saw an additional 42 homes sold this November, when compared to November a year ago. Such a large increase bodes well for the strengthening of the Outer Banks real estate market as…
New Ways to Search Outer Banks Real Estate
Monday, November 2nd, 2009 at 12:51pm. 199 Views, 0 Comments.
Once again we have made finding specific types of real estate even easier. We are pleased to announce we now have continuously updated pages for:
- Outer Banks Oceanfront
- Outer Banks Waterfront
- Outer Banks Short Sales
- Outer Banks Foreclosures
Outer Banks Foreclosure News October 25, 2009
Sunday, October 25th, 2009 at 9:05am. 152 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…