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Condemned Foreclosures


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Condemned Foreclosures occur when a property has become an "eye-sore" to a neighborhood and fails to comply with standards set forth by the Structural Standards Board in your city. Inspectors working for the city drive the streets daily looking for properties that are not up to code

If the owner of properties that are given warnings do not comply, a notice is placed in the local newspaper of intent to tear down the property. It is at this point that many homebuyers or investors track down the owner and make a small cash offer to purchase the property before it is torn down.




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Sample Foreclosures:
North Carolina Home. $72,000 below value
Atlanta Home. $45,000 below value.