When practically an entire waterfront subdivision goes into foreclosure and is bank owned, there are some good deals to be had by saavy investors. Cannonsgate in Newport, NC is located on the intra-coastal waterway and has a lovely marina and clubhouse..that is ALL it has. Touted as a premier community and marketed in large east coast urban areas, buyers bought sight unseen and paid outrageous prices to scamming marketers. Today a large number of the lots have been foreclosed on and the list prices offer real value to an investor who can sit on the land until better times. Allow me to be your negotiating pit bull.
If you are interested in more information about Cannonsgate contact me for my Deal of the Day!
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