Selected North Carolina Property Transactions

These selected House For Cash transactions illustrate two different selling challenges in North Carolina. One owner faced mortgage arrears and repairs; another was current on payments but carrying two homes after a failed listing.

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Fayetteville

2002 Pinewood Terrace

Repairs, a code issue and approximately seven months of mortgage arrears complicated the sale. A purchase using existing financing temporarily included reinstatement of arrears and continued payments while the property was updated and resold. Closed August 31, 2023.

Colerain

107 Cedar St

A generally good-condition home had been listed for months while its owner carried two mortgages. The existing loan was current, but the balance and selling costs constrained a conventional sale. The property was purchased using existing financing on May 19, 2023.

Different circumstances require a closer look

Using existing financing does not itself cure missed payments or release the original borrower. These case studies describe individual completed transactions; the practical options and responsibilities depend on each property and agreement.

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