We are very interested in buying a foreclosed or pre-forclosed NC mountain cabin on 20 or more acres of land.

Susan
Home Buyer
27006

Answers (2)
Wayne Palmer
Broker
Highlands, NC

Hi Susan,
Perhaps you have not found your cabin yet?? Want to try THE MOUNTAINS in Jackson County NC where nights are COOOOOLLLL ( 58 LAST NIGHT). You will have my name and info. Call or email me if I can help you find a place in the 4000' up elevation range.
Eddie
828.506.6585
eddiepalmer@dnet.net
Century 21 Mountain Lifestyles
Highlands NC 28741

Thu Aug 13 2009, 09:49
Kimberley Isler
Agent
28607
FIRST ANSWER

Greetings, Susan.
Purchasing a property that is in (or about to be in) foreclosure can be a complex procedure. If it is a bank-owned property, there can be delays in getting responses from them, many documents to sort through, and guidelines to follow.
Properties can be identified through notices in the local newspaper, and in the tax departments at the courthouse. If you provide a REALTOR with your criteria, he/she can search the Multiple Listing Service for those properties too. You may wish to interview several Brokers to find one that you feel comfortable with. Discuss your criteria with your Broker, i.e., price range, location, number of bedrooms and bathrooms, amenities, etc. He/she can do a search using the criteria and provide you with the results, along with plats, surveys, restrictions, etc.
If you have financing lined up before beginning this search, you are in a strong position when it comes to negotiating price and terms. Be aware, though, that many foreclosure properties are sold "as is," and repairs may not be negotiated.

If I can answer any specific questions, please feel free to contact me.
Kimberley Isler
realtymaven2005@yahoo.com

Sat May 2 2009, 20:59

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