Search Hempstead New York Short Sale Listings Guide-January 22 2011

Search Hempstead New York Short Sale Listings Guide-January 22 2011

Hempstead, New York 11550

The Search Hempstead, New York Short Sale Listings Guide-January 22 2011, 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".

While a Baldwin New York Short Sale can represent a "bargain" for buyers, there are many potential pitfalls that buyers should prepare for. Thinking of Making an Offer on a Short Sale, an article published bt the National Association of Realtors, provides a roadmap to a successful Baldwin New York Short Sale purchase.

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 January 22 2011, there were 327 Hempstead, NY homes for sale in Hempstead. Of the 327 homes there were 136 Hempstead New York short sales. The median list price was $225,000.

 The price range with the largest amount of Hempstead NY Short Sales are $150,001-$200,000 . There were 42 homes available in this band.

 Hempstead, New York Homes Sold

The three month period October 23 2010 to January 22 2011, accounted for 32 of the 186 home sales. The median sales price for this three month period was $221,500. Of the 32 sales 3 were Hempstead NY short sales. The Hempstead New York short sale median sales price was $223,000.

Data Source: Multiple Listing Service of Long Island