Search Hempstead New York Short Sale Listings Guide
Hempstead, New York 11550
The Search Hempstead, New York Short Sale Listings Guide, is a weekly report to assist prospective home buyers and sellers in the purchase or sale of Hempstead New York Short Sales and Hempstead New York Real Estate.
The report provides free multiple listing property search, Hempstead New York Short Sale information and short sale data. Hempstead, New York Short Sales are also broken down by price range to give purchasers an idea of the number of short sales available.
According to the National Association of Realtors Short Sale Basics, "A short sale is a transaction in which the lender,or lenders, agree to accept less than the mortgage amount owed by the current homeowner. In some cases, the difference is forgiven by the lender, and in others the homeowner must make arrangements with the lender to settle the remainder of the debt.
A short sale can also be the best option for a homeowners who are "upside down" on mortgages because a short sale may not hurt their credit history as much as a foreclosure. As a result, homeowners may qualify for another mortgage sooner once they get back on their feet financially"
Hempstead homes sold information is also provided to prospective home buyers and sellers to aid in determining property value.
The Village of Hempstead is located in the Town of Hempstead. It is referred to as Hempstead Village to distinguish it from the Town of Hempstead. In addition to being the seat of government for the Town of Hempstead, the Village of Hempstead is also the most populous in the state of New York.
The Village of Hempstead was settled in the Spring of 1644 by thirty to forty Puritan families that had crossed the Long Island Sound from Stamford, Connecticut to Hempstead Harbor and made their way to the current site of Hempstead Village. The site of the settlement was part of land purchased by Robert Fordham and James Carman on behalf of the Puritans in the fall of 1643. The parties to the real estate negotiation in addition to Messiers Fordham and Carman were representatives of the Marsapeague (Massapequa), Mericock (Merrick), Matinecock and Rekowake (Rockaway). Tackapousha, who was Sachem (Chief) of the Marsapeague served as the spokesman for the Indian tribes. 64, 000 acres of land were sold for items worth less than $100.
Hempstead New York Short Sales
As of October 25, 2010, there were 353 Hempstead, NY homes for sale in Hempstead. Of the 353 homes there were 140 Hempstead New York short sales. The median list price was $230,000
The price ranges with the largest amount of Hempstead NY Short Sales are $150,001-$200,000 and $200,001-$250,000 . There were 39 homes available in each.
Hempstead, New York Homes Sold
The three month period July 26, 2010 to October 25, 2010, accounted for 49 of the 222 home sales. The median sales price for this three month period was $202,000. Of the 49 sales 5 were Hempstead NY short sales. The Hempstead New York short sale median sales price was $155,000.
There were 17 cooperatives sold, with a median sales price of $81,000, and 2 condominiums sold with a median sales price of $224,000.
Mobile phone: 917 533-8475
mailto://Pat@HomeDrivenRealty.com
Website: www.HomeDrivenRealty.com
Data Source: Multiple Listing Service of Long Island
View Larger Map
Comments(0)