Featured Home in Summit Ridge

743 RIDGECREST LANE, ROCKY POINT NC 28457

ridgecrest

 743 Ridgecrest Lane is waiting for your family!

This 4 bedroom, 2.5 bath home sits on half an acre, so there’s plenty of space inside and out.  The house is not quite 2700 sqft, with a large living room/dining room, eat-in kitchen with ample cabinet storage, and loft space that could serve as a home office or playroom.

ridgecollageThis Pender County modular needs some attention, but the upgrades are mostly cosmetic. Great layout and location!

Call Team Gale to learn more about 743 Ridgecrest Lane
we’re always on duty!
910-541-1212

Featured Home in Gators Grant

2507 DIANE DRIVE SW, SUPPLY NC 28462

P2020020

 

This Brunswick County home is 1300+ sqft open floor-plan.
2507 Diane Drive has 3 bedrooms and 2 baths. Home offers a fireplace in the living/dining space, unique built-in storage, and tiled sunroom.

Home needs upgrading in the kitchen and bedrooms, but it is priced accordingly. Act now and customize your dream vacation home on the Carolina coast!

diane dr

2507 Diane Drive is in a great location along the Intracoastal Waterway. Minutes to beaches, salt and fresh water fishing, golf courses or shopping & dining in Shallotte.

Team Gale agent Mark Irby reps this property.
You can reach him at 740-375-8877 with any questions you have!

RealtyTrac Report: “Zombie” Foreclosures

RealtyTrac is the nation’s leading resource for real estate data. RealtyTrac compiles, synthesizes, and explains a myriad of figures and trends related to property ownership, tax and deed records, and statistics on bank-owned parcels.
The first 2015 quarterly report, regarding so-called “Zombie Foreclosures,” reveals that 25% of homes in active foreclosure have been vacated by the owner. The figure is determined by comparing a master list of active foreclosures against addresses deemed vacant and applications for change of address logged with the US Postal Service.
This phenomena of abandonment, which is not necessarily a negative practice, can be credited to a longer foreclosure process, according to VP Daren Blomquist. “In states with a bloated foreclosure process, the increase in zombie foreclosures is actually a good sign that banks and courts are finally moving forward with a resolution on these properties that may have been sitting in foreclosure limbo for years.”

10 States with Highest Foreclosure Rates:
1. Florida
2. New Jersey
3. New York
4. Illinois
5. California
6. Ohio
7. Indiana
8. Pennsylvania
9. Maryland
10. North Carolina

Mark Huges, COO of First Team Real Estate in southern California, commented that this issue is a result of “the final cycle of the foreclosure crisis cleanup.”
“We are witnessing a large final wave of walkaways,” he explained. “This has created an uptick in vacated or ‘zombie’ foreclosures and the intrinsic neighborhood issues most of them create.”

This “zombie” effect is not relegated to suburban or rural areas. Atlantic City, Trenton, New York, San Diego and Philadelphia lead the list for metropolises taking a hit with large volumes of foreclosures.

Blomquist notes that, “In many markets there is plenty of demand from buyers and investors to snatch up these distressed properties as soon as they become available to purchase,” so the final bump of foreclosures could prove lucrative for banks to unload the inventory and buyers to scoop up affordable assets.