When Foreclosure Strikes Your Raleigh Neighborhood
Thursday, March 20th, 2008It’s a known fact; mortgage foreclosures are on the rise everywhere. They are also happening in the Triangle real estate market too albeit less often than Florida, Nevada and Michigan. Foreclosures also happen in every housing segment impacting everyone from first-time homeowners to luxury homes. For those who are contemplating a Triangle home sale, the fact that a foreclosure home in your neighborhood is competing with your home could potentially have an undesirable impact on the sale of your home and its value. So how do you recognize if a neighborhood property is being sold as a condition of foreclosure?
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