Buying Foreclosures, Pre-Foreclosures and Auctions in Raleigh NC

Foreclosed homes are considered “distressed property”, and are generally already owned by the Lender.  The bank who owns the home has never actually “lived” in the home, and they will generally give no “Seller’s Disclosure Notice.”  The home may be obviously physically distressed – meaning there may be at best maintenance items (like exterior painting that needs to be done), and the home could have latent structural defects, which could be hard to see by the untrained eye.

The Bank Real Estate Owned Properties (REO / Foreclosures) in Cary are usually sold at a great price…However, there are generally two other opportunities to purchase a Cary home that is Distressed: [Read more…]