Elkhart Subdivision REALTOR(r) Evelyn Johnston with Prudential One Realty reports 2009 Subdivision home sales, Benton Township.
| Subdivision | Township | # Homes | Price | DOM | Short Sale | Reo |
| Falcon Cove | Benton | 1 | 214,900 | 431 | ||
| Sandbrooke | Benton | 1 | 144,900 | 7 |
REO Properties are homes that are owned by a Bank/Investor which they obtained thru the foreclosure process.
Short Sales are definded as a sale where the debt owing against a property combined with the costs associated with the sale exceed the property's market value. In a loan default situation (pre-foreclosure) , lender(s) may be willing to agree to allow the property to be sold for less than the loan amount and/or accept less than (or "short") the amount owed, and may or many not accept the net proceeds of sale as payment in full of the debt.
If you are interested in a specific sale in your Subdivision, call Evelyn Johnston at 574-304-7148.
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