Copyright 2022 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.
There’s An Easier Way to Keep Up With Foreclosures In Topsail. Get The Freshest MLS Data Available, For Sale/Sold Properties, New Listings/Search Notifications, Custom Market Reports & Even Instant Property Values By Creating An Account Today.
Stay up to date with Topsail Real Estate Foreclosures!
Due to the rapid rise in real estate values in the Topsail Island area during the mid-2000's there are many opportunities to purchase bank owned, REO or foreclosed properties in the area.
The overall process is much like traditional real estate purchases but with a few exceptions:
There is also another type of property sale called a "short sale". A "short sale" is pre-foreclosure where the bank considers allowing the property to transfer ownership for less than owed by the seller. This allows the buyer to buy property at market value instead of the amount owed. There are quite a few short sale properties listed in the area and this is fast becoming a standard type of transaction.
A few differences with Short Sales:
If foreclosures or short sales in the Topsail Island area interest you, please let us know. We have helped many buyers navigate the uncharted waters of REO purchases.