I just back from a Lender-ordered Auction for the unsold homes and lots in Raleigh which the builder gone bankruptcy. It is surprisingly found out there are a few investors there and land developer. The lots and houses finally sold at at least 30% or more from the current market price. Of course, you need to take the risk that you only have 2 hours to preview these houses.
But all these are calculated risk and so if you know the area well and this is not a bad choice at all.
If you are interested to learn more about the real estate auction in North Carolina, please feel free to email or call me for free listings.
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