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MLS Listing Search - Bank OwnedAsheville Real Estate - Bank Owned Residential Properties See property listings below. This article is intended to give you a general idea only about Bank Owned properties, also referred to as REO which stands for Real Estate Owned. Bank owned properties are usually a result from an unsuccessful foreclosure auction. Once this happens the bank is forced to take the property back and now owns the property. A large reason that the bank ends up having to take the property back is due to the outstanding balance owing on the property which in many cases is higher than what the current Asheville real estate market might bear, which in turn makes it unmarketable and not auction friendly (so to speak). The lender does not want to sell it for a huge loss, the lender is trying to recover the mortgage debt, and all the fees associated with the foreclosure and auction and therefore it usually puts the property at to high a price. The property reverts back to the bank and the bank holds on to it hoping that the Asheville real estate market will improve and they can sell it at a later date and recoup their losses, or a good portion of them. But in a down market and with a large inventory of bank owned properties, the bank may find themselves in a position of having to place it on the market earlier than anticipated and having to offer price reductions and even special financing incentives that they will only offer on their select bank owned properties. The buyer is usually allowed to inspect the property but most bank owned properties are sold AS-IS meaning that they would prefer not to have to perform repairs that you and your home inspector might find, but you can always ask for repairs or adjust your offer accordingly. The bank normally does repairs they feel are needed prior to placing the property on the market. Once you find a property that is suitable for you and you have inspected it, the next step is to put in an offer on the property. If the offer is to low the bank will probably counter just like any owner would do, the only difference might be that it might take more time to get the response due to red tape, chain of approvals etc... There are many items and contingencies that you should be aware of that you might want to put into your offer to protect yourself, contact your Asheville Realtor® for help and advice. By clicking on the search terms below you will find MLS listings that are currently advertised with the following keyword terms e.g. foreclosure, short sale etc...(and all other keywords related to each one of these terms). We have picked up these keywords in the MLS remark section that mention these specific keyword terms. If you did not get the Asheville real estate results you were hoping for please pick from the some of the other residential keyword categories, here you will find more information on each keyword topic and at the same time your search will automatically be populated for you to view.
Note: All properties that you find that you are interested in should be verified for their keyword accuracy before assuming that a property might be under foresclosure, short sale etc... Foreclosure • Short Sale • Priced Below Appraisal • Motivated Seller • Bring All Offers • Price Reduced • Bank Owned View Asheville real estate MLS listings below for "bank owned" properties. |
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Price: $ 780,000
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Subdivision: Biltmore Forest
MLS: 508651 18 Forest Road Asheville, NC
Lot Size: 1.31 acres
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| -Property is bank owned and being sold as is and conveyed with special warranty deed. No Representations made by Seller/Broker. Buyer to confirm all ....
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Price: $ 669,000
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Subdivision: Foster Estates
MLS: 507695 15 Brookside Drive Asheville, NC
Lot Size: 2.77 acres
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| Grand 4-story home boasts custom high-end details throughout. Nearly complete home needs your finishing touches. 2 masters, hardwoods, crown, arched ....
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Price: $ 465,000
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Subdivision: Grove Park
MLS: 516215 5 Farrwood Avenue Asheville, NC
Lot Size: .35 acres
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| Large, gracious Tudor home in the heart of north Asheville! Lots of detail and character found within. Lower level apartment was rented over $700 per ....
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Price: $ 449,000
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Subdivision: Lexington Station
MLS: 514402 155 S. Lexington Ave. #404b Asheville, NC
Lot Size: 0 acres
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| -Penthouse suite at Lexington Station, a downtown Asheville mixed use development. Hardwood floors, granite countertops, stainless appliances, 9' ....
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Price: $ 386,500
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Subdivision: Whites Lake
MLS: 518532 94 Waggoners Way Saluda, NC
Lot Size: 4.6 acres
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| -Bank Owned., Sold "AS IS WHERE IS" By Special Warranty Deed. No warranties by agent or seller. -Enjoy mountain living with 4+ acres, over 4, 000 square ....
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Price: $ 349,000
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Subdivision: Starview Heights
MLS: 517513 3 Gemini Heights Weaverville, NC
Lot Size: .05 acres
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| NEW Construction. VERY SPACIOUS home with large bedrooms plus LOFT. Light filled and Mountain VIEWS plus open Kitchen/Dining/Family Room area. Lower ....
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Price: $ 279,000
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Subdivision: Montford Hills
MLS: 456446 210 Westover Dr Asheville, NC
Lot Size: .2 acres
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| Bank owned. Spacious new modern design home in historic Montford. Perfect for entertaining, enormous kitchen with double-deep island. Huge living room ....
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Price: $ 279,000
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Subdivision: Starview Heights
MLS: 517504 110 Starview Knoll Weaverville, NC
Lot Size: .06 acres
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| Great Open Floor plan with high ceilings both levels. Perfect for entertaining and ease of living. Master on Main with spacious walk in closet, master ....
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Price: $ 261,650
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Subdivision: None
MLS: 506628 1182 Joe Carver Rd Waynesville, NC
Lot Size: 3.36 acres
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| Stunning 4 BR 3 Bath home on 3.3+ acres with a pond, wrap around covered porch and double drive.If privacy is what you want this is the place. Over ....
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Price: $ 225,000
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Subdivision: None
MLS: 517218 16 Little Forest Drive Asheville, NC
Lot Size: 1.33 acres
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| -ALL INFORMATION TO BE VERIFIED BY BUYER OR BUYER AGENT. BANK OWNED HOME SOLD AS IS WHERE ....
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Price: $ 215,000
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Subdivision: None
MLS: 514110 303 Eliada Home Road Asheville, NC
Lot Size: 1.48 acres
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| Rambling 3 bedroom, 2.5 bath home. Nice hardwoods, tile and multiple wood fireplaces. Very private 1.48 lot with mature landscape. Lower level ....
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Price: $ 209,000
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Subdivision: Pinecrest
MLS: 450301 120 Nina Court Mars Hill, NC
Lot Size: 1 acres
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| Bank owned new Construction. See it! Love it! Move in! Hardiplank exterior w/covered front porch, gorgeous HW fls w/split fl plan. Built by one of the ....
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Price: $ 209,000
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Subdivision: None
MLS: 514628 304 Watson Rd Arden, NC
Lot Size: .25 acres
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| -Phenomenal S. Asheville/Arden location. Great layout features hardwood floors, split BR plan, large landing/flex space upstairs, spacious backyard ....
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Price: $ 199,990
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Subdivision: Not In Subdivision
MLS: 491307 282 Incinerator Road Beaverdam, NC
Lot Size: 2.69 acres
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| Bank owned. 95% Financing available. Sold AS IS. Buyer to verify all information. Seller makes no ....
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Price: $ 199,000
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Subdivision: Not In Subdivision
MLS: 461984 12 Old Toll Cir Black Mountain, NC
Lot Size: .6 acres
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| It may look like the price went up, but it actually went down! Bank is now offering entire duplex with 3 lots at this low price. Property subject to ....
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Price: $ 90,900
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Subdivision: Somerset Place
MLS: 517970 44 Somerset Road Arden, NC
Lot Size: .34 acres
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| -MOVE IN READY! This home features 3 bedrooms, 2 baths, new carpet and flooring, large open kitchen with island, cathedral ceiling, great room with ....
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Price: $ 84,900
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Subdivision: Not In Subdivision
MLS: 515784 14 Country Acres Lane Leicester, NC
Lot Size: 1.5 acres
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| -MOVE IN READY! This 2008 home features 3 Bedrooms, 2 baths, new carpet, open and bright kitchen, rock fireplace. Nice large lot. BANK OWNED. SOLD "AS ....
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Price: $ 55,800
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Subdivision: None
MLS: 514342 12 Live Oak Drive Candler, NC
Lot Size: .99 acres
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| REO/BANK OWNED. Property sold AS-Is w/o repair, warranty, or Seller Disclosure. The Listing Broker and Seller assume no responsibility and make no ....
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Price: $ 51,150
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Subdivision: Grimball Park
MLS: 515851 275 Westwood Circle Waynesville, NC
Lot Size: .21 acres
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| REO/BANK OWNED. Property sold AS-Is w/o repair, warranty, or Seller Disclosure. The Listing Broker and Seller assume no responsibility and make no ....
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Price: $ 50,000
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Subdivision: Not In Subdivision
MLS: 513906 942 Fletcher Martin Alexander, NC
Lot Size: .54 acres
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| -REO/Bank Owned. Property sold As-Is w/o repair, warranty, or seller disclosure. The Listing Broker and Seller assume no responsibility & make no ....
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Database last updated May 17 2012 03:05:09 AM |
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Disclaimer:
All properties are subject to prior sale, change or withdrawal without notice. Neither listing broker(s), broker, web master, web site owner nor Beverly-Hanks and Associates shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. When searching for real estate listings on www.ashevillerealestate.com all information you find is deemed reliable but not guaranteed. The broker providing the data believes the information to be correct, but advises interested parties to confirm all information before relying on this information in a real estate purchase decision, especially but not limited to schools and school districts. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the WNC Regional MLS®. Real estate listings held by brokerage firms other than Beverly-Hanks and Associates are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing brokers.
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Copyright 2012 WNC Regional MLS LLC. All rights reserved |
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