Elkhart, Indiana, Simonton at the Crossing Subdivision, 2011 1st Quarter Home Sales, Osolo Township, Elkhart Community Schools
Simonton at the Crossing Subdivision is located north on SR 19, to North Shore Drive, pass Dutton, then road curves north to Doe Meadow. Simonton at the Crossing Subdivision is located on the north side of the road in OsoloTownship, Elkhart Indiana. Children who live in Simonton at the Crossing Subdivision who attend public school will be attending Elkhart Community Schools.
Simonton at the Crossing Subdivision 2011 1st quarter home sales consisted of 2 homes that sold for $218,000 to $220,000 after being on the market for 44-161 days. These sales were both an arm's length transaction and neither a Short Sale, HUD Home nor an REO Property.
An Arm's Length Transaction means the Home Owner did not know the Buyer and the sale was made under normal circumstances.
HUD Homes are listed and sold by the US Government's Housing and Urban Development.
REO Properties are homes that are ownd 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. Short Sales are listed and sold by the Home Owner with the Mortgage Lender's approval.
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