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.
Thanks
Hannah Chan
CHK REALTY
919-426-1854
919-468-1570(Fax)
My Website:http://raleighcaryapexmorrisvillerealestate.blogspot.com/
My Blog:http://activerain.com/blogs/leohannahchan
My Profile: http://www.linkedin.com/in/hannahchan
