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Foreclosures North Georiga & NC Real Estate
Foreclosures North Georgia & North Carolina Homes
Search Foreclosures in North GA & NC and Bank Owned Homes
In 2009 there were over 2.8 million properties in the United States that were foreclosed. By 2009, one in every 45 homeowners received foreclosure notices. In 2010, 25% of homes sold in North Georgia & NC were considered distressed properties. Distressed means these homes sold as foreclosures or short sales. A short sale is basically, a pre-foreclosure. The term “short” means the bank is willing to be short the money owed on the property, however it can be a very long process. The home is usually in better condition than a foreclosure and the seller usually can provide a history of the property, unlike foreclosures. The similarity between a foreclosure and short sale is the property is usually sold “as-is".