MLS Listing Search - Foreclosures
Asheville Real Estate - Foreclosure, Residential PropertiesSee property listings below. The trend is to start seeing a lot of foreclosures in a depressed economy and/or depressed real estate market. Asheville real estate foreclosures are a process that allows the lending institution the right to recover funds owed to them. The Foreclosures proceedings normally start when the homeowner is delinquent by three or more mortgage payments. This could be the result of loss of income, health, divorce, mismanagement of funds and many other reasons.
Asheville real estate foreclosure proceedings can be lengthy and expensive for the lender. Proceedings start by the lender filing a public Notice of Default.
If the homeowner cannot pay off the outstanding amount owing during this grace period which is also called pre-foreclosure then the property will be foreclosed on, sold and the homeowner will be evicted. The lender would rather not go through this lengthy and costly process and therefore during this pre-foreclosure period the homeowner and lender can discuss other possible alternatives such as refinance, short sale, paying off the balance through equity in the property etc.., although none of these may be possible, it is still worth exhausting all possibilities for the lenders sake and the homeowners.
Once the homeowner realizes that they are in or going to be in a financial strain, this is the time they must talk to the lender and go over all possible options, but in many cases the homeowner waits and hopes for a miracle (when there just might have been another option?) and as you know those are hard to come by.
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 "foreclosure properties".