Chapel Hill, NC foreclosures
Someone asked me last night about the foreclosure opportunities in Chapel Hill. While we are one of the strongest markets in the country and are likely to be among the first to rebound, there actually are a few homes in foreclosure or preforeclosure that can be a real bargain.
Banks are generally concerned about getting their money out of a house to pay the mortgage; anything after that is either equity for the owner or a second mortgage holder. Since there is no emotion attached to the property by the bank, and they really are not concerned about the …








