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A North Carolina foreclosure begins when a homeowner defaults on payment of their home mortgage loan. Since they can no longer pay off the loan, the lender will take up foreclosure proceedings to repossess their home and sell it through foreclosure auction. The proceeds of the North Carolina home foreclosures
sale are then used to satisfy the loan debt. If you're a foreclosure home buyer or interested in foreclosure investing, these types of foreclosure sales can be your golden opportunity to buy foreclosures in North Carolina for way below market prices. Since the lender only needs to collect a portion of the mortgage foreclosure loan amount, he will only have to sell the foreclosed home for a portion of its value. This means that anyone else can take advantage of this under-pricing and buy North Carolina house foreclosures for discounts ranging up to 50% off.
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North Carolina foreclosure listings available information: government foreclosures such as HUD, FHA and VA repo homes, tax liens, bank foreclosures, preforeclosures, reo properties, bankruptcies and more.
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