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Find Out About the Latest Outer Banks, Nags Head and Corolla Area Homes for Sale Before Anyone Else!

We add our newest homes and other real estate listings to this web site first. It can be some time before they appear in the Outer Banks, Nags Head and Corolla, North Carolina area MLS, and even later on the national listings web sites, if at all.

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Real Estate Tips

Foreclosures >2. What Is a Bank Owned Property?

When a home owner misses payments on his or her mortgage, the loan becomes default and the home or property becomes distressed. What happens next depends on an appraisal and the equity of the home. If short sale isn’t a viable option for the home owner and the lender, the foreclosure process takes over and the home or property goes up for foreclosure auction.

A bank-owned property (also referred to as a "real estate owned" or "REO" property) is one that was up for sale at a foreclosure auction but did not sell and therefore now belongs to the lender (usually a bank, but can also be any government agency or loan insurer.)

	See All Tips In The "Foreclosures" Category >
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Real Estate Trivia

Q	What weighs 320 tons and is considered the largest single block building?
A	Pyramid of Mycerinus (Third Pyramid) at El Gizeh, Egypt is the largest single block building and the world's oldest pyramid.
See More Real Estate Trivia >

The Doshier Team, REALTOR®, real estate agent and broker for Outer Banks, Nags Head and Corolla, North Carolina home listings, property and land for sale - NUMBER1EXPERT

The Doshier Team
Four Seasons Realty in Duck
1240 Duck Road Suite 109
Waterfront Shops in Duck-Sound Side
Duck, NC 27949
Toll Free: 800-554-8435
Local: 252-562-4663
Fax: 877-274-5127
Email: Info@TheDoshierTeam.com
Bringing over 20 years experience to the Real Estate business, Rosemarie and the Doshier Team have the expertise and commitment to help you find the home you love and one that will also appreciate in value.

Rosemarie has the following outstanding accreditations: Broker, Graduate of REALTORS® Institute, Accredited Buyers Representative, Certified Residential Specialist, Recreation and Resort Sales Council, and Women’s Council of REALTORS®. She has also been active at the local, state and national levels of the REALTOR® associations.

Contact the Doshier Team. They will enable you to live the dream of owning beach property while saving you time and money in the process. LET US WORK FOR YOU!

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