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Outer Banks Foreclosure Search

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Search All Outer Banks Foreclosure Listings

The Coastal Outer Banks website search offers you access to all homes and condo foreclosures in the Outer Banks. If you save a search, you'll be alerted to any new listings that come on the market.

Outer Banks Foreclosures search button

Purchasing a Bank Owned Property

Foreclosures are also known as bank-owned properties or REO's, which simply means the previous owner defaulted on his mortgage and the lender now owns the property.  Buying a foreclosure is similar to buying a traditionally owned property and can sometimes be a great way to buy a home below market value.  However, there are some important factors to consider:

Property condition

Because the previous owner is out of the picture, there will be very little information available about repairs and maintenance of the home.  Additionally, you will be buying the home in "as is" condition.  Unlike a traditionally owned property, there will be no negotiation over who will do any needed repairs.  That means its important to find a good, licensed home inspector which will help you understand the true condition of the property. 

The Potential for a "Money Drain"

Make sure you factor in the cost of repairs into the price.  If its a Fannie Mae owned property, you may be able to get renovation financing.  Otherwise, you may be out of pocket for all the repairs.  You may sometimes find that the time and effort it takes to renovate the property might be more hassle than its worth, and a non bank-owned property can certainly have advantages. 

Must be Pre-Qualified

Whether you are purchasing a bank-owned property or not, its always good to get pre-qualified.  In addition to helping you understand what you can afford, you will be required to have a pre-qualification letter before submitting an offer on a bank-owned property.

For more information about purchasing bank-owned properties in the Outer Banks, contact Coastal Outer Banks Realty at 252-489-2140.

Newest Outer Banks Foreclosure Listings

154 Baycliff Trail, Kill Devil Hills image
154 Baycliff Trail, Kill Devil Hills $333,000

Peaceful setting on Sound front with lots of water views inside and out! Spacious kitchen and living area on mid level along with Master bedroom and additional half bath....

  • 4 Beds
  • 4 Baths
Courtesy of Huffman Coastal Properties

Listing courtesy of Huffman Coastal Properties.

757 Sand Dollar Court, Corolla image
757 Sand Dollar Court, Corolla $419,900

Located at the end of cul-de-sac, this 5 bedroom home has so much to offer. Outside enjoy the private pool and hot tub, screened porch and decks. Store all your beach gea...

  • 5 Beds
  • 4 Baths
Courtesy of Beach House Brokers, Llc

Listing courtesy of Beach House Brokers, Llc.

672 High Sand Dune Court, Corolla image
672 High Sand Dune Court, Corolla $704,900 ▼

OPEN HOUSE TUESDAY 12/29 10:30AM-1PM. Great ocean views and lots of potential for this Currituck Club custom built home. This home sits on a cul-de-sac and backs up to t...

  • 5 Beds
  • 6 Baths
Courtesy of Beach House Brokers, Llc

Listing courtesy of Beach House Brokers, Llc.

1196 Ocean Trail, Corolla image
1196 Ocean Trail, Corolla $950,000

Unique opportunity to own high exposure commercial property! This corner lot is zoned General Business and has 165 feet of highway frontage on NC 12/Ocean Trail with addi...

Courtesy of Twiddy & Co. - Duck

Listing courtesy of Twiddy & Co. - Duck.

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Information for Buyers

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  • Understanding Flood Zones Before You Buy
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COBR is located on the Manteo waterfront and
serves the entire Outer Banks from Corolla to Hatteras

 

207 Queen Elizabeth Avenue
Suite 2
Manteo NC, 27954

 

How to reach us...

252-489-2140
800-559-4870 
Inquires@coastalobx.com


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