Distressed Properties are homes, condos, townhomes, and even land where there are issues with the lien (money owed) on the property.
- The seller may be under water in their loan and owe more than the property is worth but still need to sell, so they pursue a short sale.
- Maybe the seller is no longer able to make the monthly payments and is trying to sell before the bank forecloses. This is also a distressed sale.
- Or, lastly, the foreclosure or bank-owned property (also called REO).
These are all usually an opportunity for a buyer to purchase a property at a discount, an average of 20% under market value. There are many distressed properties for sale in Asheville and the surrounding area in the present market. Could a foreclosure or short sale in Asheville be the right choice for your next home purchase?
Current Distressed Properties for Sale in Asheville NC area:
View a complete list of distressed properties in Asheville and the surrounding WNC mountains now.