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Raleigh, Durham, Chapel Hill, Cary The Triangle Area
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Old 11-16-2018, 09:34 PM
 
63 posts, read 41,815 times
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We recently moved to the triangle area and we are interested in buying a delinquent house is there anyone on the forum that could possibly give me some insight on the process?
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Old 11-17-2018, 11:13 AM
 
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If you are meaning a home in foreclosure or pre-foreclosure, I would suggest that the current state of the economy and our local real estate market do not allow for a large number of properties being sold from a position of distress. A good agent can help you.
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Old 11-17-2018, 11:33 AM
 
Location: Raleigh NC
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what website or other process are you using to discover these properties?

do you have cash for the full purchase price?
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Old Yesterday, 08:34 PM
 
63 posts, read 41,815 times
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Quote:
Originally Posted by BoBromhal View Post
what website or other process are you using to discover these properties?

do you have cash for the full purchase price?
i do not presently have a website to look, please advice if you have any good site that has some listings
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Old Yesterday, 08:35 PM
 
63 posts, read 41,815 times
Reputation: 13
Default gg

Quote:
Originally Posted by Funky Chicken View Post
If you are meaning a home in foreclosure or pre-foreclosure, I would suggest that the current state of the economy and our local real estate market do not allow for a large number of properties being sold from a position of distress. A good agent can help you.
thank you for you response, i will still be looking
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Old Today, 08:40 AM
 
Location: Raleigh, NC
11,817 posts, read 27,552,316 times
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In the past, I found that there were more short sales and foreclosures than today.

Most, if not all, foreclosures are bank/lender owned and are on our MLS so there is no need to BUY a list.

I see companies that advertise this all the time and from a couple of people that bought these lists, they are outdated.
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Old Today, 09:22 AM
 
Location: Durham, NC
696 posts, read 2,932,703 times
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Hey OP, best look to the county tax foreclosure sales. They come up monthly and are sold at the courthouse (and subject to 10-day upset bid periods). However, there are not much in the way of deals anymore, as the market is flooded with investors, builders, and newbies all vying for a piece of the RE pie.
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Old Today, 09:25 AM
 
Location: Cary, NC
31,743 posts, read 55,631,841 times
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Quote:
Originally Posted by freshjiv View Post
Hey OP, best look to the county tax foreclosure sales. They come up monthly and are sold at the courthouse (and subject to 10-day upset bid periods). However, there are not much in the way of deals anymore, as the market is flooded with investors, builders, and newbies all vying for a piece of the RE pie.
And, IF there is anything good, cash buyers flock to them as soon as notices are posted to try to buy out the owner before it goes to auction.

OP? Bring Cash. You won't get a decent deal with a loan. It just will not happen.
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