OBX Real Estate

Distress sales, bank owned homes and short sales, continue to make up a large portion of the sold homes along the Outer Banks.  For the month of February, distress sales made up 39% of the homes sold.  Bank owned homes continue to lead short sales by almost 2 to 1.  

It seems some excellent opportunities can be found in foreclosed/bank owned homes.  You can search the available foreclosed homes in the Outer Banks or register for the March 20th Foreclosure Tour.  The foreclosure tour is going to be a great way to spend an afternoon, learning more about available foreclosed homes.