Wallace FORECLOSURE LISTINGS

The market is booming! Find an affordable home through our foreclosure listings in Wallace, North Carolina.

Total: 5
BD: BH: Min Price:Max Price:
# Photo Address City State Zip Type BD BH Price Details
1
16 Photos
E MURPHY ST Wallace NC 28466 Foreclosures 3 4 $157,500.00 Details
2 -
0 Photo
W MAIN ST Wallace NC 28466 Foreclosures 3 2 $109,900.00 Details
3
9 Photos
E CAVENAUGH ST Wallace NC 28466 Foreclosures 3 2 $89,900.00 Details
4
5 Photos
SE RAILROAD ST Wallace NC 28466 Foreclosures 5 3 $34,500.00 Details
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0 Photo
RIVER STONE RUN DR LOT 51 Wallace NC 28466 Foreclosures - - $109,900.00 Details
About our Listings

How to Buy Wallace Foreclosures

How to buy foreclosures

Buying real estate foreclosures in Wallace, NC starts with finding listings. By browsing Wallace foreclosure lists, you can find all kinds of properties either scheduled for sale at public foreclosure auctions or available directly from banks (known as bank-owned or REO homes). The foreclosure process moves quickly, but as long as you give yourself time to research the home that interests you, you can find fantastic deals when you buy foreclosures in Wallace, NC.

>> See more info about how to Buy foreclosures

How to Invest in Wallace Foreclosures

How to invest foreclosure

Wallace foreclosure homes are perfect for property investors because they can be purchased for below their actual market value right off the bat. To find the best Wallace real estate investing bargains, you'll have to assess several properties and decide which has the most potential for Wallace foreclosure investment value. Remember, real estate investing isn't just about getting the lowest price, it's about buying desirable home in locations with the potential for future value. Don't buy the first thing you see at Wallace foreclosure short sales, wait for the right property at the right price.

>> See more info about how to invest in foreclosures

Types of Foreclosures in Wallace

Foreclosure home

Foreclosures happen on all kinds of real estate, so a list of foreclosed homes in Wallace will have all kinds of opportunities. In addition to single family homes, you'll find lots of duplex, triplex, and multi family homes, which are great for investing. You'll find upscale townhouse and lofts, and all kinds of houses and condo foreclosures in Wallace, NC. There are even chances to buy land, farms, and ranches, sites for mobile homes, and Wallace apartments for sale at great discounts ll over the city. Whether you're looking for commercial or residential property, the possibilities are endless.

>> Learn more about foreclosures

North Carolina Foreclosure Laws

Foreclosure law

North Carolina real estate foreclosures are both judicial and non-judicial foreclosures in that foreclosure houses can be processed through either mechanism. In a judicial foreclosure, distressed properties in Wallace have to be approved through a court before an auction can take place. In a non-judicial foreclosure, no court approval is required; the lender can file a Notice of Default and eventually put the auction up for sale. Real estate brokers can handle foreclosures after they have been either cleared by the court or put on the market by the lender. In either case, homes that do not sell at auction are now owned by the lender and are Wallace REO properties.

Wallace Banks Foreclosures

Bank Foreclosure

Wallace bank owned homes can be a great way for buyers to find cheap properties. When bank foreclosures in Wallace, NC are not sold through a foreclosure auction, they become REO homes that are under the bank's control. Buyers must then approach banks and make offers on Wallace bank owned foreclosures. These offers are either accepted or rejected. For this reason, many people find buying bank owned homes for sale in Wallace North Carolina to be similar to buying from an agent. Check our Wallace bank foreclosure listings and find discount properties.

>> See more info about bank foreclosures

Wallace Government Foreclosures

Government Foreclosure

Wallace Government homes are usually foreclosures with government-sponsored mortgages, but they can also be the result of a repossession due to a government tax lien. Most commonly you'll find homes from agencies like Freddie Mac, Fannie Mae, and the USDA, which are federal homes mortgage sponsors. Like like all lenders, they offer foreclosures for sale to the public. HUD homes in Wallace NC are another popular type of foreclosure, as are VA foreclosures in Wallace, which are available from the Veterans Affairs Department for especially great deals. Check our Wallace government foreclosure listings.

>> See more info about govermment foreclosures

Wallace Pre-Foreclosures

Foreclosure

PreForeclosures in Wallace are properties that are in default, but have not yet gone to foreclosure sale. The foreclosure period begins when the homeowner is issued a Wallace Lis Pendens, or Notice of Default. In some cases, the homeowner may attempt to pay off their debt during this time, but bankruptcies are also often declared. Law requires that bankruptcy homes and pre foreclosures must be in the pre foreclosure stage for at least 60 days before a foreclosure auction can be scheduled, but it can still takes weeks or months for a sale to occur.

>> See more info about pre-foreclosures

Wallace Foreclosure Auctions

Foreclosure Auction

Most Wallace foreclosed homes are sold through Sheriff auctions. These auctions are fantastic ways to find cheap houses for sale, often at up to 50% off market value. Anyone can bid at foreclosure auctions in Wallace, and the auction is overseen by the Sheriff's office or a trustee. Be sure to secure financing before you attend an auction, because a down payment on the winning bid will be required after the sale ends. Auctions are the most common and sought after way to buy repo homes in Wallace, NC. We offer a comprehensive Wallace foreclosure auction listings.

>> See more info about foreclosure auctions

Top Zip Codes in Wallace, North Carolina

Find Home Foreclosure Listings in Wallace, NC

Wallace foreclosure listings are your ticket to the lowest prices on real estate in the city, and there's no better source for them than ForeclosureListingsNationwide.com. With our constantly updated database of foreclosure listings in Wallace, NC and easy-to-use search tools, finding the properties you want is fast and effective. Spend more time comparing Los Angeles apartment foreclosures, houses for sale or investment foreclosure properties and let us take care of the hard work! Use ForeclosureListingsNationwide.com to find bankruptcy houses for sale in Wallace North Carolina, best affordable foreclosure condo in Wallace, cheap apartments for sale, bargain foreclosed homes for sale in Wallace, NC and earn huge savings on the homes YOU want to buy!

Our Wallace Foreclosure Lists

You can find Wallace foreclosure homes for sale which you can buy for living or investment. Simply click through our Wallace foreclosure home listings to find government foreclosures and bank owned homes in Wallace area. If you're searching for a deep discount or low prices on real estate then searching our Wallace foreclosure lists for homes foreclosure for sale or short sale listing in Wallace is your answer. Our up-to-date Wallace short sale listings provide the latest investing opportunities on affordable Wallace bank owned property listings, government pre foreclosure lists, Wallace banrkuptcy homes and Wallace HUD repossessed homes for sale which can be found at below market value. With our massive foreclosure list in Wallace, you should have little trouble finding the cheapest deal on a foreclosed home in Wallace, North Carolina.

You can also search Magnolia foreclosure listings and Beulaville foreclosure listings for more properties in the neighboring area.



Wallace, NC

As of 2011, Wallace's population is 3,601 people. Since 2000, it has had a population growth of 7. 72 percent. The median home cost in Wallace is $110,500. Home appreciation the last year has been -2. 22 percent. Compared to the rest of the country, Wallace's cost of living is 9. 50% Lower than the U. S. average. Wallace public schools spend $4,634 per student. The average school expenditure in the U. S. is $5,678. There are about 14. 4 students per teacher in Wallace. The unemployment rate in Wallace is 8. 50 percent(U. S. avg. is 9. 10%). Recent job growth is Positive. Wallace jobs have Increased by 1. 34 percent. Average Commute time is 22 minutes. The National Average is 28 minutes.

Peoplewallace, ncUS
Population3,601307,829,557
Pop Density1,34487
Pop Change7.72%9.34%
Median Age39.136.6
Households1,433116,329,167
Household Size2.442.58
Male Population47.40%49.31%
Female Population52.60%50.69%
Married Population31.62%47.15%
Single Population68.38%52.85%
Estimated Households By Household Incomewallace, ncUS
Income Less Than 15k26.32%12.10%
Income Between 15k And 25k17.50%10.18%
Income Between 25k And 35k13.82%10.56%
Income Between 35k And 50k16.11%14.98%
Income Between 50k And 75k15.49%19.53%
Income Between 75k And 100k5.35%12.52%
Income Between 100k And 150k4.02%12.14%
Income Between 150k And 250k0.97%3.91%
Income Between 250k And 500k0.42%3.34%
Income Greater Than 500k0.00%0.75%
Economywallace, ncUS
Unemployment Rate8.50%9.10%
Recent Job Growth1.34%-0.12%
Future Job Growth34.18%31.25%
Sales Taxes6.75%6.80%
Income Taxes8.25%6.25%
Income Per Cap$15,594$27,067
Household Income$29,432$52,954
Housingwallace, ncUS
Median Home Age36.235.1
Median Home Cost$110,500$175,100
Home Appreciation-2.22%-3.15%
Homes Owned56.89%59.90%
Housing Vacant7.34%10.37%
Homes Rented35.78%29.73%
Property Tax Rate$6.98$11.20
Owner Occupied Housing Units By Valuewallace, ncUS
Less Than 20k3.62%2.65%
20k To 399997.35%3.76%
40k To 599997.69%4.99%
60k To 7999910.75%6.01%
80k To 9999918.10%7.27%
100k To 14999931.33%19.24%
150k To 1999998.03%14.67%
200k To 29999911.54%18.09%
300k To 3999991.36%9.14%
400k To 4999990.11%4.94%
500k To 7499990.11%5.42%
750k To 9999990.00%2.03%
1kk Or More0.00%1.77%
Educationwallace, ncUS
School Expend$4,634$5,678
Pupil Teacher Ratio14.414.9
Students Per Librarian602803
Students Per Counselor449513
2 Yr College Grad8.09%7.47%
4 Yr College Grad7.40%17.42%
Graduate Degrees1.36%10.12%
High School Grads62.79%84.72%
Crimewallace, ncUS
Violent Crime34
Property Crime44
Housing Units By Year Structure Builtwallace, ncUS
1999 To 20057.40%13.71%
1995 To 19986.21%8.54%
1990 To 19949.49%5.77%
1980 To 198917.95%13.87%
1970 To 197914.03%16.17%
1960 To 196910.88%11.70%
1950 To 195913.26%11.08%
1940 To 19496.31%6.02%
1939 Or Earlier14.48%13.15%

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