Topsail Island Real Estate, Homes for Sale And Vacation Rentals
  • Home
  • Search
  • Home Worth
  • Vacations
  • Sell
  • Buy
  • Meet the Team
  • Contact
  • Call Us: (910) 328-5211
    Login
    910.328.5211

    Sign in to your account

    Need to reset your phone number?

    Don't have an account with us?

    Click here to sign up.

    Topsail Island Foreclosures & Bank Owned

    TO
    Advanced Search

    Latest Topsail Island Foreclosures & REO Properties

    124 Whispering Pine Lane, Holly Ridge image
    124 Whispering Pine Lane, Holly Ridge $70,000

    Imagine your new dream home in Summerhouse on Everett Bay - a hidden gem - offering the best of the coastal lifestyle! This homesite is located in close proximity to the ...

    • 100376218 MLS
    • ACTIVE Status
    Listings provided by North Carolina Regional MLS/

    Copyright 2023 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.


    Sign Up Today

    Bank Owned Searches By Town

    • Surf City Foreclosures

       
    • North Topsail Foreclosures

       
    • Topsail Beach Foreclosures

       
    • Holly Ridge Foreclosures

       
    • Sneads Ferry Foreclosures

       
    • Hampstead Foreclosures

       

    Stay up to date with Topsail Real Estate Foreclosures!

    Topsail Foreclosure Reports:  Topsail Island (3 Towns)   Topsail Beach   Surf City     North Topsail Beach    Holly Ridge   Sneads Ferry   Hampstead

    Create Your Own Foreclosure Report

    Foreclosures and Short Sales in Topsail Island NC

    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:

    • Banks require additional addenda to the standard purchase agreements.
    • Banks sometime require access to "intranets" made to facilitate the process.
    • Banks often pass special warranty deeds instead of general warranty deeds.
    • Banks usually are not interested in repairs to the property and attempt to convey "as is".

    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:

    • The overall process is much longer, usually 60 to 90 days before closing.
    • The bank requires proof of funds or pre-qualification before considering your offer.
    • The bank many times require access to "intranets" made to facilitate the process.

    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.

     

     

  • Home
  • Advanced Search
  • About Us
  • Contact Us
  • Selling?
  • Buying?
  • Foreclosures
  • FAQs - Subdivisions
  • FAQs-Earnest Money
  • Owner Login
  • Lewis Realty Blog
  • Lewis Realty Associates, Inc.

    320 N New River Drive

    Surf City, NC 28445

    (910) 328-5211

    © 2022 All Rights Reserved | Privacy Policy

    Quick Searches

    • Topsail Island
    • Surf City
    • North Topsail
    • Topsail Beach
    • Holly Ridge
    • Sneads Ferry
    • Hampstead
    • Oceanfront
    • Second Row
    • Island Interior
    • Waterfront
    • Condos
    • At Home With Topsail Blog
    • Leave Us A Review

    Follow Us

    facebook instagram twitter youtube pinterest

    Download Our App

    App Store iconp
    Play Store icon

  • Surf City
  • Topsail Beach
  • North Topsail Beach
  • Holly Ridge
  • Sneads Ferry
  • Hampstead
  • IDX Real Estate Websites by
    • Accessibility • Terms • Privacy