Every Outer BANKS FORECLOSURE

BEHIND ON LOAN PAYMENTS and want to list as an outer banks short sale? ... Click Here! If you are buying Outer Banks NC foreclosure property in Dare and Currituck County, it helps to know the basic facts and disclosures upfront. Just because a property is in a distressed state doesn't mean that the property is a good buy. Flood zones, erosion, insurance costs can change ownership risk and selling prices in a big way. We are experienced in distressed property sales, and even hunt the courthouse steps if you have a working relationship with us. If you are investigating Outer Banks short sales, make sure your expectations are inline as you can be thrown off quickly if you don't know what to expect. Short sales are a good source for deals in today market, but patience and a close understanding of the process, will lead to a successful closing. A "buyer's agent" helps a buyer preview property, negotiate, run CMA's, coordinate your closing, and prepare offers & other paperwork related to Outer Banks foreclosure property on the MLS. Use Property Alerts& get all the new foreclosures/short sales the minute it hits the MLS! 252-599-2300

The link above contains the Outer Banks (OBX Foreclosures) NC foreclosures in Dare and Currituck Counties on the Outer Banks of North Carolina. Please CONTACT US for additional information on any of these properties. If you send us an email requesting new foreclosures, pre-foreclosures, or short sale listings, I will send you new listings as they are published. Short sales available from the MLS.

If you have never bought a foreclosure / short sale before, make sure you understand the basics before entertaining the idea. Making offers on bank owned / distressed property can be drastically different than making an offer on property using standard North Carolina forms. Many times, the banks do not disclose anything about the property, and leave it up to the buyer and buyer's agent to discover any all any facts about the property.

Here's an example of the type of language one can find in a foreclosure listing. "Pre-approval or Proof of Funds letter MUST be attached to Offer. Earnest Money must be certified funds and held with the listing firm. Sellers Addendums come after an accepted offer. Often Buyers must use sellers attorney for closing and are often required to pay the transfer tax. Home is being sold AS IS - SPECIAL WARRANTY DEED. Pre approval required before making an offer. Buyer may be required to use seller's attorney and pay transfer tax.

RE/MAX Ocean Realty - 2503 N. Croatan Hwy - Kill Devil Hills NC - 252-599-2300