Tax Foreclosures Go For Cheap

By: Christine Kennedy
By: Christine Kennedy

Property was going for cheap at one Eastern Carolina Courthouse Friday.

Several dozen people crowded the Beaufort County Courthouse.

About a dozen properties in Beaufort County were put up for the highest bidder today.

The number tax foreclosures may seem like a lot in today's growing mortgage crisis, but county officials say the two are unrelated.

They say tax foreclosures are backlogged as far as 2004. One couple traveled from Raleigh to pick up a deal.

County Manager Paul Spruill says tax foreclosures could certainly increase as the economy worsens.

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