Asheville & WNC Foreclosures

Asheville foreclosureCB King can connect you with the best short sales and foreclosures in Asheville, NC and the surrounding WNC area. With years of experience with bank-owned and distressed properties, our team of experts will help you find fantastic investment and living opportunities.

WNC and Asheville foreclosures come in all shapes and sizes, providing a wealth of diversity to meet any buyer's needs. Whether you're looking for a great deal on an exquisite luxury home or a high quality starter home, we can find a foreclosure opportunity that's right for you.

Foreclosures & Short Sale Listings

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FAQs About Short Sales & Foreclosures in Asheville

Foreclosures in Asheville can provide fantastic opportunities for savvy investors, locally and abroad. We've compiled a list of the most frequently asked questions about Asheville foreclosures to help you determine whether a bank-owned home is right for you.

What is a foreclosure?

A foreclosure is a legal process that occurs when a home owner fails to make their agreed upon mortgage payments to their lender. The lender initiates a foreclosure and takes back legal ownership of the home, following a very specific process. All of the foreclosures listed on our site are already banked-owned properties.

WNC ForeclosuresWhat is a short sale?

A short sale is a property following a very different legal process, in which a lender agrees to accept less than the owed amount of the mortgage for the property. A short sale is sold directly by the owner. It's up to the owner to accept the contract that is most likely to be approved by the lender.

Is it better to buy a short sale or foreclosure?

That depends on you and your specific circumstance! Contact us here at CB King and one our experienced distressed property experts will help you evaluate your best bargain real estate options!

Are there any risks in buying foreclosures or short sales?

Yes. Like any real estate transaction, there are some risks involved. Both foreclosures and short sales are sold "as is", which means the seller and lender won't be contributing to any repair or upgrade costs. This puts the actual sale price of the home at face value and extensive home inspections are highly recommended.

How long does it take to buy short sales & foreclosures?

Foreclosures in Asheville tend to close quickly, making them efficient transactions. Short sales, however, can take up to 6 months to process and close after the seller has accepted the offer. This time factor is important to consider when deciding which type of distressed property is best for you.

Do I need a real estate agent to buy distressed properties?

No, not officially, but both foreclosures and short sales in Asheville follow very specific legal guidelines. They have complex contracts and very stringent procedures that need to be followed. For this reason, we always recommend working with an experience REALTOR® when considering short sales or foreclosures.

When considering your foreclosure & short sale opportunities in Asheville & WNC, call 828-398-5700 to contact the CB King team. We'll discuss your options and help you find the real estate that's right for you.

The information being provided by the North Carolina Mountains MLS is exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.