Bankers Develop Website to Unload Foreclosed Properties

Lenders in North Carolina were inspired by an iconic seventies rock band in developing an online platform to unload foreclosed properties. The North Carolina Bankers Association has created a new website that helps mortgage servicers sell their real-estate-owned assets. Listings on the site include residential and commercial properties as well as vacant land. The online venture is going multi-state with an expansion into Georgia and Nevada and more state additions planned.

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