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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Comments are posted from viewers like you and do not always reflect the views of this station.
  • by Ginny Location: V'town on Mar 9, 2009 at 08:57 PM
    So glad there are still people out there with plenty of money to search for these great deals. I couldn't buy a home valued at $200-$300K even if it listed for $70K. The rich will get richer out of this whole deal. They will buy up all the struggling people's losses. We all need to pray for our neighbors...
  • by I also want a DEAL Location: Beaufort County on Mar 8, 2009 at 06:28 PM
    When is another auction scheduled? Are the listing posted somewhere for public viewing? Also, is the tax amount owed posted? Is it a cash upfront deal, or do you have to put a percentage down to hold your purchase until approved. Is there any chance those who purchased properties will not be approved and if this happens, what happens to that piece of real estate?
  • by Save Yourself Location: Hamilton on Mar 8, 2009 at 05:50 AM
    Bill Clinton started this mess with affordable housing for everyone. That included people who couldn't pay their rent after they got a welfare check. There's two things you can't do and that is drink yourself sober and spend yourself out of debt. Obama keeps blamming Bush but when Obama took office we only had a 1.2 trillion dollar debt and now we our over 3.6 trillion in less than his first 100 days. He has created more debt than all the presidents combined from George Washington to George Bush. WAKE UP PEOPLE; swallow your pride, we (america not me) put the wrong man in for the job.
  • by Cactus Location: Strabane on Mar 7, 2009 at 03:12 PM
    Want a real glory hole, investigate the whole of congress for back taxes or taxes owed.Carline Kennedy remove her name from the NY senator list, Why? Taxes, I bet. She did not understand that her Uncle Teddy would have taken care of the problem (if you can cover up murder you should be able to cover up tax evasion).
  • by ?????????? Location: lenoir county on Mar 7, 2009 at 02:09 PM
    Just contact J.G Wentworth and get cash now. tell them you are going to get $10 a week in your check from Obama and you need cash now.
  • by up my income/up yours Location: lenoir county on Mar 7, 2009 at 02:06 PM
    more corruption in 100 days than 8 years of G.W Bush. Has Obama nominated anyone yet that has not cheated on their taxes?
  • by Wolfgang Location: Chocowinity,NC on Mar 7, 2009 at 11:18 AM
    Barlow all Obama does is party. Last week he was with " Stevland Hardaway Judkins " singing Living In The City at a $100.00 a plate steak dinner. While I am eating Cheap Chicken Hot Dogs. Hearing The Man In Black. Mr. Cash on my cheap kitchen radio. Where is my redistrubtion check?
  • by sarah Location: Goldsboro on Mar 7, 2009 at 10:04 AM
    Obama is giving us change alright... change in your pocket.. and that is it!! The rest is GONE... for GOOD!
  • by Barlow Location: Winterville on Mar 7, 2009 at 07:24 AM
    This is your hero George "we only got two buildings blown up while I was in office" Bush's doing and it is going to go on for a while. Obama has barely been around a month to straighten up this mess. GW used all of his eight years to get us here.
  • by AL Location: GREENE CO on Mar 7, 2009 at 05:21 AM
    The only thing the great savior O Bama is gonna save is himself and all the other crooked Democrats like Pelosi and Biden. Most of all he is gonna spend us further into debt by leaving nothing for our kids but a huge deficit. I don't like politicians ,especially O Bama. I don't trust him a bit! He is like all politicians except Regan. He lied to get in office and he really does not care about you or me!
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