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. Foreclosures have been repossessed by the lender, the debt has already been offered at the courthouse steps and the lender has now hired a real estate broker to market the property on the open market, the Outer Banks MLS. These properties range from mobile homes for $40,000 to Pine Island estate homes for over $1 million. Condition of these Outer Banks distressed properties is generally good mechanically and structurally, but most will typically need a thorough cleaning( $300-$500) and maybe paint($2.25 per sq ft) and/or carpet($2.75 per sq ft). For foreclosed beach homes, typically they are sold unfurnished while competing private sales and short sales will include furniture ($24,000-$75,000). Other typical costs associated with OBX foreclosures are appliances ($5500). 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. Your NC Purchase Agreement allows you to unilaterally cancel the contract to purchase if large repairs or defects are uncovered. About 65% of Outer Banks foreclosed homes listed for sale are aggressively priced and make an excellent investment opportunity for those who don't mind the minor effort required to bring them back online. Bank owned homes in the Outer Banks will have a clear title at closing - no liens on the title are an issue for the new buyer. 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 offered excellent foreclosure deals, bank owned homes and REOs for sale in 2010. OBX foreclosed homes are the most sought after segment of our inventory right now. We are both an REO listing broker as well as foreclosure buyer's broker in the Outer Banks. www.TheDeanAgency.com and www.OuterBanksHomesforSale.com both offer current listings of Bank Owned and Foreclosed homes on the Outer Banks, NC.

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MLS #: 67393 LOTS/LAND (Residential) Asking Price: $19,000 DETAILS Area: Hyde County Subdivision: Wysocking Bay Bank Owned lot in Wysocking Bay. Community offers Canal access to the sound with Good Fishing nearby. MLS #: 65998 LOTS/LAND (Residential) Asking Price: $25,000 DETAILS Area: Jarvisburg to Poplar Br. Subdivision: Walnut Isle Est Bank owned canalfront lots - 2 side by side, so buy together and be able to build a home. Adjacent lot also for sale MLS 65999 - buy together and build your waterfront home soon. Water tap & sewer assessment have been paid for these lots. MLS #: 65999 LOTS/LAND (Residential) Asking Price: $25,000 DETAILS Area: Jarvisburg to Poplar Br. Subdivision: Walnut Isle Est Bank owned canalfront lots - 2 side by side, so buy together and build your waterfront home. Adjacent lot also for sale - MLS 65998. Buy together - water tap has been paid for 107 Reef Lane & assessment of $2500 is for both lots to tap to upgraded community waste water system has also been paid. MLS #: 67391 LOTS/LAND (Residential) Asking Price: $33,000 1.17 Acres DETAILS Area: Hyde County Subdivision: Wysocking Bay Bank Owned lot in Wysocking Bay. Community offers Canal access to the sound with Good Fishing nearby MLS #: 67392 LOTS/LAND (Residential) Asking Price: $34,000 1.4 Acres DETAILS Area: Hyde County Subdivision: Wysocking Bay Bank Owned lot in Wysocking Bay. Community offers Canal access to the sound with Good Fishing nearby. MLS #: 66866 RESIDENTIAL (Manufactured Housing(Mob)) Asking Price: $34,900 Year Built: 1985 DETAILS Area: Hyde County Subdivision: None Further Reduced!! Mobile home conveyed at no real value. 23 acres for under $35,000! Potential galore. Property sold as-is, all info, systems, utilities to be verified by buyer. All info based on public record &/or prior MLS, UNVERIFIED. AGENTS, REVIEW AGENT REMARKS 3 Bedrooms 2 Bathrooms 1001-1500 Sq. Ft. MLS #: 67390 LOTS/LAND (Residential) Asking Price: $35,000 2 Acres DETAILS Area: Hyde County Subdivision: Wysocking Bay Bank Owned lot in Wysocking Bay. HUGE 2 Acre lot. Community offers Canal access to the sound with Good Fishing nearby MLS #: 66507 LOTS/LAND (Residential) Asking Price: $39,000 DETAILS Area: Hertford Subdivision: Albemarle Plantation Great lot in the loved Albemarle Plantation. This one will not last long.Please note: Lot is being sold AS IS. SPECIAL WARRANTY DEED. Pre approval required before making an offer. MLS #: 64398 RESIDENTIAL (Single Family - Detached) Asking Price: $41,900 Year Built: 1951 0.43 Acres DETAILS Area: Jarvisburg to Poplar Br. Subdivision: None 8/24/10 BACK ON MARKET - BRING OFFERS FROM QUALIFYING BUYERS ! HOW CUTE! THIS CUTE 2 BEDROOM COTTAGE HAS BEEN SPRUCED UP AND WITH A LITTLE TLC WOULD BE A SUPER HOME. NEW KITCHEN FORMICA COUNTERS, NEW KITCHEN SINK, BRAND NEW STOVE/OVEN, SIDE BY SIDE REFRIGERATOR, NEW VINYL FLOORING IN KITCHEN AND EATING AREA, ALL NEW BATH AND FRESH PAINT EVERYWHERE. NEW FRONT DOOR AND STEPS. NEW WELL, WELL PUMP AND SEPTIC TANK AND FIELD YOU JUST NEED TO UPGRADE THE ELECTRICAL PANEL TO HANDLE THE NEW ELECTRIC BASEBOARD HEATERS. A MUST SEE!! 2 Bedrooms 1 Bathroom 1001-1500 Sq. Ft. MLS #: 67388 LOTS/LAND (Residential) Asking Price: $42,000 DETAILS Area: Hyde County Subdivision: Wysocking Bay Bank Owned Canal front lot in Wysocking Bay. Community offers Canal access to the sound with Good Fishing nearby. MLS #: 67389 LOTS/LAND (Residential) Asking Price: $44,000 1.17 Acres DETAILS Area: Hyde County Subdivision: Wysocking Bay Bank Owned Canal front lot in Wysocking Bay. HUGE 1.17 Acre lot. Community offers Canal access to the sound with Good Fishing nearby MLS #: 66445 RESIDENTIAL (Single Family - Detached) Asking Price: $49,900 Year Built: 1941 DETAILS Area: Bertie County Subdivision: None The possiblities are endless for this charming 1941 home sited on 1/4 acre near historic Windsor with nearly 3000 square feet, 4 bedrooms, 4 bath sitting room and office. The home has just finished remediation so it is fresh and clean after the antimicrobial paint and ready for new drywall, casing and baseboard. Just imagine sittingon the spacious front porch graced by the large an indication of how solidly this home was built with it's 13 foot ceiling on the main floor. The great quality of the "bones" of this home has been expanded to compliment the enormous living room with fireplace and the spacous dinning room across the foyer that leads to the kitchen with black and white tile. There is office space off the living room leading to the side door. A large siting room between the full hall bath and the master bedroom in the rear of the home could be another bedroom. 4 Bedrooms 4 Bathrooms 2501-3000 Sq. Ft. MLS #: 63775 LOTS/LAND (Residential) Asking Price: $49,900 0.28 Acres DETAILS Area: Avon Soundside Subdivision: Kinnakeet Shore Beautiful sound side lot in the prestigious Kinnakeet Shores subdivision. Excellent views, great rental neighborhood, all at an awesome price! MLS #: 64965 LOTS/LAND (Residential) Asking Price: $51,000 0.5 Acres DETAILS Area: Jarvisburg to Poplar Br. Subdivision: Carolina Club BANK OWNED LOT IN THE CAROLINA CLUB ** GREAT NEIGHBORHOOD - WALK TO CAROLINA CLUB GOLF COURSE FOR A LATE AFTERNOON 9 HOLES ... NICE HOMES SURROUND ** LOT IS LEVEL AND CLEARED - CULVERT IN PLACE ** SUBDIVISON SURVEY PLAT AVAILABLE - SEE ASSOC DOCS ** SONIC BURGER AND NEW MCDONALDS IN GRANDY ** COMMUNITY IS JUST 15-20 MIN FROM BEACH!! CALL LISTING AGENT FOR PHOTO ARRAY OF LOT AND SURROUNDING AREA ** LOT SOLD IN AS IS CONDITION - BANK WILL REQUIRE PROOF OF FUNDS LETTER WITH CASH OFFER, OR LETTER OF PRE-APPROVAL ON LENDER LETTERHEAD IF SEEKING FINANCING ** BANK ADDENDUM REQUIRED - SEE ASSOCIATED DOCS ** SPECIAL WARRANTY DEED ** LOCAL BB&T BRANCH MAY OFFER LOT FINANCING *** MLS #: 67223 LOTS/LAND (Residential) Asking Price: $59,000 DETAILS Area: Rodanthe Soundside Subdivision: Wimble Shoals Bank Owned lot in Wimble Shaols Estates. Only three lots from the sound. MLS #: 66742 RESIDENTIAL (Single Family - Detached) Asking Price: $63,500 Year Built: 1955 DETAILS Area: Edenton Subdivision: None Have the best of both worlds with this home...built in the mid 50's and then updated in 2003 this house offers old style charm with updated features. . Please note: Home is being sold AS IS. SPECIAL WARRANTY DEED. Pre approval required before making an offer. 4 Bedrooms 2 Bathrooms 1501-2000 Sq. Ft. MLS #: 64330 RESIDENTIAL (Manufactured Housing(Mob)) Asking Price: $69,900 Year Built: 2000 DETAILS Area: Jarvisburg to Poplar Br. Subdivision: Barco Subdivision Great home for first time buyers! This home has been freshly painted, new carpet and vinyl...plus a brand new Trane heat pump. Private backyard buffered by trees..affordable place to call home! 3 Bedrooms 2 Bathrooms 1001-1500 Sq. Ft. MLS #: 67604 LOTS/LAND (Residential) Asking Price: $69,900 DETAILS Area: Avon Soundside Subdivision: Kinnakeet Shore "PAD" lot in Kinnakeet Shores. This property is corpoarate owned and sold in its current condition "AS IS". No repairs, disclosures, warranties or inspections provided by the seller. CASH only. Proof of funds MUST accompany any/all offers. A special addendum will be made a part of the final contract. Title by "Special Warranty" deed. Seller reserves the right to negotiate offers in any order regardless on date/time submitted. MLS #: 66012 LOTS/LAND (Residential) Asking Price: $73,900 DETAILS Area: Avon Soundside Subdivision: Kinnakeet Shore "Pad Lot". 3,000 sq. ft. builting site. This property is corporate owned and sold in its current condition "AS IS". No warranties, inspections, disclosures or repairs provided by the seller. Proof of funds to close MUST accompany any offer. Seller is looking for Cash buyer. A special corporate addendum will be made a part of the final contract. Seller reserves the right to negotiate offers in any order regardless of date/time submitted. Please allow 24 - 72 hrs for verbal response from seller. MLS #: 66806 LOTS/LAND (Residential) Asking Price: $74,900 DETAILS Area: Colington Subdivision: Carlyle on the Sound Vacant lot, semi sound front. This property is corporate owned and sold in it current condition "AS IS". No repairs, warranties, inspections or disclosures provided by the seller. Proof of funds to close. Title by "Special Warranty" deed. Seller reserves the right to negotiate offers in any order regardless of date/time submitted. Search All Listings 1 2 3 4 5 6 7 8 9 Listings information obtained through IDX (Internet Data Exchange). Information being provided is for personal, noncommercial use and may not be used for any purpose other than to identify prospective properties for purchasing. The MLS IDX information on this web site is being provided to you by the Outer Banks Association of REALTORS® for general informational purposes only. Contact your real estate broker or sales person for the most up to date information regarding these listings. Real estate listings include the name of the brokerage firms and listing agents. THE OUTER BANKS ASSOCIATION OF REALTORS® AND OBXMLS.NET DOES NOT GUARANTEE THE ACCURACY OF THIS MLS IDX INFORMATION DISPLAYED ON THESE WEBSITE PAGES. 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