The HUD official website is a good place to find home sale listings in North Carolina
When it comes to foreclosed homes, some of the best deals available are from the U.S. Department of Housing and Urban Development (HUD). The department's website has pages of HUD home sale listings in North Carolina.
This site is full of foreclosed homes for sale because one of its divisions, the Federal Housing Administration (FHA), insures home loans provide by lenders nationwide. If borrowers default on the loans, HUD is responsible for the loan and reselling the home. To bid on HUD home listings in North Carolina, you must work with an authorized real estate agent. However, you can browse HUD's website to look for properties first.
Click on North Carolina and the website provides a list of homes currently available. You can search through hundreds of homes available in the state in a variety of ways. You might enter a specific price range, zip code, case number or house specifications. HUD will also tell you which of the North Carolina real estate HUD home listings are new or currently in the bidding process.
Buying HUD homes is similar to buying other houses if you plan to live in the house. You can pay cash or get a loan from a lender or possibly through an FHA loan program. Every home has an opening bid price, which is the minimum amount HUD will accept for that property. When browsing HUD home listings in North Carolina, make note of the home's opening bid.
With so many low-cost HUD home sale listings in North Carolina, you might find you want to purchase a investment property to rent. Government foreclosures are also available from the U.S. Department of Agriculture Rural Development, the Veteran's Administration and other government agencies. RealtyNow can also help you find foreclosed properties for your next home or investment.