Are you interested in foreclosed homes in Raleigh, NC? The Triangle area - Raleigh, Durham, Chapel Hill - has traditionally had a lower rate of foreclosures, based in part on our robust job market. However, it is possible to find house foreclosures, especially if you work with a realtor who knows the market well!
Let’s start with a basic foreclosure definition. Foreclosure is a legal process where a lender or creditor repossesses property from a borrower who has defaulted on their loan or mortgage payments, then sells it to recover the outstanding debt. The process may be judicial or non-judicial, depending on state laws.
Not all foreclosures are the same - here are some key terms to know as you search.
All these foreclosed properties offer potential advantages and risks for homebuyers. Buyers should work with a qualified real estate agent and do their due diligence to fully understand the unique characteristics and challenges of each type of foreclosed property before making an offer.
Here are some “pro” reasons to consider a foreclosure sale:
Opportunity to own a larger home: Buyers who may not be able to afford a more expensive property in a traditional sale find a better deal on a foreclosed property.
What are the risks of buying a foreclosed home? Here are a few potential pitfalls to be aware of.
Working with an excellent real estate agent is crucial when purchasing foreclosed homes. Here are some reasons why:
Working with an excellent real estate agent can make purchasing foreclosed homes in Raleigh NC, smoother, more efficient, and more successful. We’re here to provide you with the knowledge, expertise, and guidance you need to make informed decisions and achieve your real estate goals.
Foreclosed homes come in all shapes and sizes and can include most popular home types.
If you’re looking for foreclosed homes in Raleigh, NC, or the other Triangle cities (Durham, Chapel Hill), please get in touch with us today or view the complete list of bank-owned properties below.
Back on the market. Opportunity awaits with this 3 bed, 1 bath home! Rural setting in Wilsons Mills area. Easy access to NC 70. Eat in kitchen. Contact list agent for ad...
REO foreclosure and investor special! Property to be sold as is. No utilities on at the property. Seller has no knowledge of the property. 3 bedroom 1 bath in the heart o...
Three Bedroom 2 Bath home on large lot. Large Master Suite and large walk in closet. Open floor plan with large island in kitchen. Located on a dead end street for privac...
What a fabulous investment that needs your personal touch, Take a look at this Doublewide Manufactured Home located on Still Pond Ln. This home features a nice open floor...
FIXER UPPER. SOLD AS IS. Great opportunity at the correct price. 3 bedrooms 1.5 baths. large eat in kitchen. Owners bedroom on first floor. Easy access to Smithfield Down...
Rural homestead for sale! House comes with a large covered front porch that wraps around half the house. This home is located on over 1 acre of land. Bring this gem back ...
2011 Year Model Approximately 1301 Sq Ft 3 Bedroom 2 Full Bath Manufactured Home, Living Room, Den, Kitchen w/Range Refrigerator and Dishwasher. Main Bedroom/Bath w/His a...
Very cute home in great locations for first time homeowners or investment property to add to your portfolio. Fenced backyard, outside storage and shade trees. Large livin...
Showing Home Thursday 9/14 from 11AM to12:30PM. Manufacturered Triple-Wide on Permanent Foundation (Real Property). Sitting on 1.06 Acres. Road Frontage. Shared Driveway....
3 bed, 1.5 bath ranch style home. Home features include eat in kitchen/dining room, living room and den. Located on over half an acre (0.56). Detached storage building in...
Welcome to 7047 Darnell St, a charming family home with great potential for BRRR or flipping located in a fantastic neighborhood in Fayetteville, NC. This property offers...
Great Starter Home or Investment Property! This 3 Bedroom 1 Bath Brick Ranch presents an opportunity to add your creative touch. Take advantage of this opportunity to ad...
Great Ranch style home with 3 bedrooms and 1 1/2 baths. Home has been upgraded to include New LVP flooring and New carpets throughout, the kitchen and baths have been com...
Amazing Opportunity in a Terrific Location! Cute 2 Bedroom and 2 Bathroom Home in the Lebanon Acres Subdivision in Durham! This Home has a Nice Screened Porch and Backs u...
REO Occupied – NO ACCESS OR VIEWINGS of this property – no interior photos. Please DO NOT DISTURB the occupant. Built in 2002, this ranch, manufactured home, offers 3 bed...
Fantastic 3 bedroom Ranch style home that offers lots of upgrades. The complete interior has been freshly painted, it has a New Roof and New Windows. The kitchen has New ...
This charming 3 bedroom, 2 bath home, nestled on a peaceful cul-de-sac in Burlington, offers a wonderful opportunity for comfortable living. Built in 1993, this home boas...
Home located Cedar Grove subdivision with the Grays Creek school district. House is situated on a dead end street. An easy commute to Ft Bragg, Fayetteville and Hope Mill...
Property owned by U.S. Dept. of HUD. Case #387-536491. Insurability Code-IE . Seller makes no representation or warranties as to property condition. Sold "As-Is". EHO. Se...
Wonderful 3 bed, 2.5 bath home! The covered rocking chair front porch greets you at the front of the property. Step foot into the beautiful living room with gas log firep...
PRICE UPDATE!!! This beautiful 2-story home features a spacious driveway leading up to an inviting porch and entryway ready for you! Home includes family room w/fireplace...
MUST SEE! MUST SELL! MOTIVATED SELLER, but no assumable loan offers please! Short sale ready to move!! This home is the Lansing floorplan and features an open kitchen plu...
This 3 bedroom 2 bath ranch home was just built last year. Features an open floor plan, and a separate office with a built in desk. Enjoy your morning coffee on the scree...
Charming 2 story home with 4 beds, 2.5 baths in Durham city limits. Separate Family room and Dining room. Living room with corner fireplace. owners bath with double vanit...
Lovely 3 bedroom, 2.5 bath home ready for you to call it home! 1st floor owner's bedroom & bathroom with dual vanity & a WIC. 2 additional bedrooms & full bathroom upsta...
Many options. Close drive to Raleigh/Durham. A large family home, a multi-generational home, an Airbnb, a boarding house, a shelter, a "Care Facility....Fully renovated....
Fantastic Home located in Ballard Woods Subdivision!! Check out this home that just needs a little TLC, great for entertaining… The Main floor features a great room wit...
This spacious three story floorpan and large lot with privacy fence is sure to suit all of your needs. You will enter the foyer with drop zone as you walk in from the cov...
Back on the market. This is your chance to buy this beautiful home built in 2021 by Stunning M/I Homes this home with highly desirable floor plan featuring an open layout...
Recently updated home featuring new interior and exterior paint, fresh carpeting upstairs, and refinished hardwood floors on the first floor. The kitchen is great for ent...
STUNNING, well maintained 4 bdrm 3 full bth corner lot home in Langston Ridge Subdivision w/ loft and in-law suite. Open floor plan w/ GE stainless steel appliances, over...
This charming partial brick home in the established Kensington Manor subdivision is a true gem. Boasting a generous 3,358 sqft of living space, this residence offers ampl...
Don't miss out on this incredible investment opportunity at 24 Dixie Trail! Located in the heart of Raleigh on the steps of NC State University, this 2-story gem, built i...
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