Outer Banks Foreclosure For Sale - Nags Head, Corolla, Duck, Manteo, Kitty Hawk, Kill Devil Hills, Hatteras and Ocracoke - Real Estate Outer Banks, NC |
| Outer Banks Foreclosures - Known as Bank-owned, REOs, Repos or foreclosures these all mean the same thing. OBX Foreclosures have been repossessed by the lender, and they hire a real estate broker to market the property on the Outer Banks MLS. Foreclosed beach homes are typically sold unfurnished. Once Under Contract with the bank, most buyers hire a home inspector ($400-$500), a pest inspector ($250) and maybe a pool and spa inspector ($125) to find out the true condition of these repossessed bank properties. These OBX homes are sold "As Is" by the bank, meaning repairs are the responsibility of the buyer after closing. Corolla, Nags Head, Colington, Duck, Martins Point, Southern Shores and Hatteras have excellent foreclosure deals on local bank owned homes. OBX foreclosures are the most sought after segment of Outer Banks real estate right now. See below for current listings of Bank Owned and Foreclosed Homes on the Outer Banks, NC. |
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