North Carolina Foreclosures for Sale

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North Carolina is the nation's largest brick, tobacco, textile and furniture producer. The major agricultural products are cotton, peanuts, hay, corn and tobacco. Tourism is also an important factor to the state's economy, with visitors spending more than $1 billion a year. With all of the attractions related to both the Civil War and beautiful vistas such as the Great Smoky Mountains and the Blue Ridge National Parkway, it's not a surprise many people enjoy living in North Carolina. Buying into North Carolina foreclosures for sale is a comprehensive investment at an average saving of 42% off of retail prices. Some of the major cities in North Carolina that are prime pickings for foreclosures are Charlotte, Raleigh and Winston-Salem.

In 2008, CNNMoney.com named Charlotte, North Carolina as 8th on its "100 Best Places to Live and Launch" list. Charlotte is the second largest US financial hub, next to New York City. The city is home to big names like Bank of America and Wachovia, but the tree-lined city streets are also fabulous places to launch small businesses. Some of the most affordable neighborhoods include Cotswold, Ballantyne and Plaza Midwood. Some of the city's best neighborhoods seem to center around the Lake Wylie and Ft. Mill areas. Both have received great reviews as to location and schools. Residents in Charlotte enjoy a cost of living that is 4% below the national average and an extremely low unemployment rate of only 5.6%. Currently, out of nearly 11,000 homes for sale in Charlotte, there are just over 8,800 foreclosures on the market, making now the right time to buy an investment in the future.

Raleigh, North Carolina's capital, boasts the official state theater, three major state museums as well as an opera, a symphony and a ballet company. The city is especially proud of its green spaces. There are over 40 miles of greenway trails which meander through the downtown and suburban parkland areas. One of Raleigh's upscale neighborhoods, Cary, has garnered quite a bit of national attention for its livability and charm. Being a capital city, Raleigh citizens enjoy a relatively low cost of living but the best part is that their unemployment rate is at an extremely low 4.6%. This is 4.4% below the national average. Out of approximately 5,000 homes for sale in Raleigh, there are about 3,000 foreclosures available.

In 2010, Winston-Salem, North Carolina was listed by Mercer, an organization who compiles global cost of living information, as the least expensive city to live in the United States. Residents of the city enjoy a cost of living that's an astounding 16% below the national average and the unemployment rate is only 6.3%. The Robinhood/Sherwood Forest area is an older area but it is generally made up of the middle to upper class. The schools are fabulous in that area. Also, almost everything is located within a 30 minute radius.

North Carolina has a plethora of foreclosure options available. Some of the cheapest living on the east coast can be found in the state. Buying a foreclosure in North Carolina is a smart investment in the future, especially at an average saving of 42% off of retail.

• Mecklenburg
• Guilford
• Wake
• Alamance
• Brunswick
• Union
• Forsyth
• Gaston
• Buncombe
• Durham
• New Hanover
• Cumberland
• Davidson
• Cabarrus
• Rowan
• Henderson

• Charlotte
• Greensboro
• Raleigh
• Burlington
• Durham
• Wilmington
• Fayetteville
• Winston Salem
• High Point
• Gastonia
• Concord
• Monroe
• Asheville
• Lexington
• Graham
• Hendersonville