Updated Every Sunday
Area Foreclosures as November 15th:
(Bank Owned Properties: the response time regarding an offer on a Foreclosure
is much faster than a "Short Sale" because Banks do not want to own homes.)
Select a Foreclosure for a Faster Answer From a Lender!!!
Single Family Homes
$100,000 to $300,000:
Click Here
Single Family Homes
$301,000 & Above:
Click Here
Condo Foreclosures:
Click Here
Area Short Sales as of November 15th:
A "Short Sale" permits the sale of a property and
the release of the mortgage lien prior to Foreclosure action when:
(1) the fair market value of a property is less than
the total amount due to pay off the Mortgage/Deed
(2) the current owner cannot pay the resulting shortage.
After Sellers and Buyers sign a Contract to Purchase and agree on all terms,
the offer must be approved by the Lender ("Subject to Third Party Approval").
Lenders/Banks are overwhelmed with the number of Short Sales.
In some cases, it can take 5-6 months to get a response from a Lender/Bank
after an offer is submitted on a Short Sale property.
Purchasing a "Short Sale" takes time and requires patience!!!!!
EXPECT TO WAIT AT LEAST 5 MONTHS FOR AN ANSWER FROM LENDER
Sad...but true!!
Be very sure you have the patience to wait for answer from the bank
before getting involved in a Short Sale!!!!!!!
Single Family Homes Short Sales
$100,000 to $190,000: Click Here
$191,000 to $300,000: Click Here
$301,000 to $400,000: Click Here
$401,000 and Above: Click Here
Condo Short Sales
$60,000 to $150,000: Click Here
$151,000 to $250,000: Click Here
$251,000 and Above: Click Here
Area Foreclosures as November 15th:
(Bank Owned Properties: the response time regarding an offer on a Foreclosure
is much faster than a "Short Sale" because Banks do not want to own homes.)
Select a Foreclosure for a Faster Answer From a Lender!!!
Single Family Homes
$100,000 to $300,000:
Click Here
Single Family Homes
$301,000 & Above:
Click Here
Condo Foreclosures:
Click Here
Area Short Sales as of November 15th:
A "Short Sale" permits the sale of a property and
the release of the mortgage lien prior to Foreclosure action when:
(1) the fair market value of a property is less than
the total amount due to pay off the Mortgage/Deed
(2) the current owner cannot pay the resulting shortage.
After Sellers and Buyers sign a Contract to Purchase and agree on all terms,
the offer must be approved by the Lender ("Subject to Third Party Approval").
Lenders/Banks are overwhelmed with the number of Short Sales.
In some cases, it can take 5-6 months to get a response from a Lender/Bank
after an offer is submitted on a Short Sale property.
Purchasing a "Short Sale" takes time and requires patience!!!!!
EXPECT TO WAIT AT LEAST 5 MONTHS FOR AN ANSWER FROM LENDER
Sad...but true!!
Be very sure you have the patience to wait for answer from the bank
before getting involved in a Short Sale!!!!!!!
Single Family Homes Short Sales
$100,000 to $190,000: Click Here
$191,000 to $300,000: Click Here
$301,000 to $400,000: Click Here
$401,000 and Above: Click Here
Condo Short Sales
$60,000 to $150,000: Click Here
$151,000 to $250,000: Click Here
$251,000 and Above: Click Here
