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 Foreclosure listings are usually lender-owned properties due to a mortgage default.  These listings are usually sold as-is, which means the owner makes no representations about the house and will usually pay for no repairs for things discovered during due diligence.  These properties are attractive because they are priced below what one would expect to pay, as the lender wants to sell the property quickly.  Due diligence is very important to this type of purchase, as the buyer needs to make sure that the purchase price plus any repairs will still leave the property being worth more than the investment. 

Latest Foreclosures

4229 Beacon Heights Drive, Raleigh image
4229 Beacon Heights Drive, Raleigh $295,100

***An offer has been accepted - awaiting bank approval*** ***Highest and best offers due by Sunday, February 26th, at 5:00PM*** GREAT LOCATION! So convenient to downtown ...

  • 3 Beds
  • 3 Baths
  • 2496044 MLS
  • ACTIVE UNDER CONTRACT Status
12740 Waterman Drive, Raleigh image
12740 Waterman Drive, Raleigh $730,000 ▼

This hidden gem is tucked away on a 1.5 acre lot at the end of a cul-de-sac in a small community with tennis courts and swimming pool. It's perfect for the active buyer w...

  • 4 Beds
  • 4 Baths
  • 2493293 MLS
  • ACTIVE UNDER CONTRACT Status
2631 University Drive, Durham image
2631 University Drive, Durham $449,900

Walk to fine dining and bike to Duke and Downtown! Well built mid-century home does need a little TLC, but with a paint brush and an imagination, the sky is the limit! Wh...

  • 3 Beds
  • 1 Baths
  • 2493026 MLS
  • ACTIVE Status
4817 Long Green Drive, Wake Forest image
4817 Long Green Drive, Wake Forest $74,900 ▼

A DIAMOND IN THE ROUGH! 3 BEDROOM 2 BATH WAITING TO BE RESCUED BY THE NEW OWNER TO GIVE IT SOME TLC. NO SHOWINGS WHATSOEVER. Buyer must purchase without seeing. This prop...

  • 3 Beds
  • 2 Baths
  • 2490977 MLS
  • ACTIVE Status
1 Cobb Terrace, Chapel Hill image
1 Cobb Terrace, Chapel Hill $714,900

One-of-a-kind in the heart of Chapel Hill! Beautiful Arts & Crafts bungalow nestled in Historic Cobb Terrace is just waiting for the right buyer to call her home! This co...

  • 3 Beds
  • 3 Baths
  • 2486659 MLS
  • ACTIVE Status

Listings provided courtesy of Triangle MLS, Inc. of NC, Internet Data Exchange Database. Information deemed reliable but not guaranteed. © 2023 Triangle MLS, Inc. of North Carolina. Data last updated .

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