Find out the best Foreclosure Homes in Durham
There’s gold waiting to be mined in Durham foreclosure homes in historic North Carolina. In the university town of Durham, parents have an excellent opportunity to lower the accommodation costs of their student offspring. Room and board expenses at undergraduate colleges are an absurd and increasing portion of the annual fees. Investing in a foreclosed property such as one of the older Durham townhouses that feature in foreclosure listings is a financially sound alternative. Older townhouses in Durham are in stable areas, but will sell for substantially less than their newer counterparts.
Our 10 most Recent Durham Foreclosure Listings
| Zipcode | Status | City | Street | County | Bed/Bath | Price | Details |
| 27707 | Active | Durham | LODGE ST | Durham | 3/2 | $23,900.00 | Details |
| 27704 | Active | Durham | FIRTH RD | Durham | 3/2 | $72,900.00 | Details |
| 27701 | Active | Durham | LYRIC ST | Durham | 4/2 | $62,000.00 | Details |
| 27712 | Active | Durham | MARYWOOD DR | Durham | 4/2 | $137,500.00 | Details |
| 27713 | Active | Durham | PEDDER CT | Durham | 3/2 | $102,900.00 | Details |
| 27713 | Active | Durham | COOK RD | Durham | 2/1 | $59,000.00 | Details |
| 27704 | Active | Durham | STADIUM DR APT ... | Durham | 3/2.5 | $74,900.00 | Details |
| 27707 | Active | Durham | COLLIER DR | Durham | 3/2.5 | $109,900.00 | Details |
| 27712 | Active | Durham | GREEN BAY DR | Durham | 3/2 | $129,900.00 | Details |
| 27713 | Active | Durham | GOLDMIST LN | Durham | 3/2.5 | $180,000.00 | Details |
A typical townhouse has 2 or 3 bedrooms and 2 bathrooms, and sells for around $100,000 on the open market. Savings in North Carolina foreclosures have been excellent, expect to buy foreclosure houses at some 30% less than similar property in the open market. With 10% down payment and a 30 year prime mortgage, renting this excellent value property to 3 students at attractive rates, in a city where home prices are still appreciating, and parent investors will build equity and generate a positive cash flow.
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Why to invest in Durham Foreclosure Homes is a good deal
Durham is just one of the three metro cities in the popular and fast growing North Carolina Triangle Region. Twice placed in the Forbes.com lists of the ten Best Places for Business and Careers, Durham is home to the well known and highly rated Duke University, with its magnificent Gothic architecture, forest park surroundings and its top ranked medical, law and business schools; and the North Carolina Central University, the second largest historically black university in the state, and one of the largest public law school facilities in the Southeast region of the US.
College housing markets tend to experience fewer highs and lows than the general home real estate markets. And if town houses don’t appeal as an attractive foreclosed home investment, then downtown lofts and condos are popular options. With its family friendly communities and abundant job opportunities in technology and research, the Triangle is experiencing dramatic population growth and so far housing is keeping pace.
New housing is not affordable for everyone, and the discounted prices of North Carolina Foreclosure Homes are a way for first home buyers to build equity, not only through smart buying but also by making additions and upgrades over time -”inner investment.” A way to mine a little of that gold.
Latest Durham Foreclosures News
- More than 50000 homes foreclosed - abc11tv.com - Tue, 06 Jan 2009 16:56:34 GMT
More than 50000 homes foreclosed abc11tv.com, NC - 23 hours ago According to realtytrac.com, one out of every 724 homes was foreclosed on in Durham County, while the number was one in 1011 in Wake County.
- Bidders find right price on homes - News & Observer - Mon, 22 Dec 2008 11:06:54 GMT
Bidders find right price on homes News & Observer, NC - Dec 22, 2008 A national company's first Raleigh auction of foreclosed homes drew about 200 bidders and onlookers to the Raleigh Convention Center, many of whom had never ...
- Grubb & Ellis Predicts a Challenging 2009 for Commercial Real ... - PR Newswire (press release) - Mon, 05 Jan 2009 14:27:28 GMT
Grubb & Ellis Predicts a Challenging 2009 for Commercial Real ... PR Newswire (press release), NY - Jan 5, 2009 At the same time, the apartment market faces competition from an increasing supply of unsold condos and foreclosed homes returning to the market as rentals. ...
- Triangle home owners facing financial crisis - abc11tv.com - Wed, 31 Dec 2008 21:23:25 GMT
Triangle home owners facing financial crisis abc11tv.com, NC - Dec 31, 2008 Million dollar golf course mansions surround north Durham's Treyburne Country Club, but the owner of two homes has one for sale for less than the tax value. ...
- Triangle home sales dive in Nov. - News & Observer - Tue, 16 Dec 2008 07:31:22 GMT
Triangle home sales dive in Nov. News & Observer, NC - Dec 15, 2008 And although builders have slowed activity in months past, hundreds of foreclosed homes are expected to hit the market in the months ahead, ...
