lindenhurst ny reo foreclosure homes for saleLindenhurst NY REO Properties For Sale

There are six REO properties for sale in Lindenhurst NY. Prices range from $139,900 to $235,900.

When buying an REO property in Lindenhurst NY or anywhere else on Long Island, expect to do work to the home. Never expect move in condition especially at these low prices. You may have to completely overhaul the home meaning replacing windows, roof, heating & A/C system, new kitchen, new baths, flooring, etc. I have found that the bank who owns the home may redo the hardwood floors but don't count on that either.

You may be eligible for a 203K/Rehab Mortgage or a 203K Streamline mortgage. Consult with your mortgage broker about these two mortgage products. I had 2 buyers close on an REO property in Lindenhurst NY with a 203K Streamline Mortgage and the other in N. Babylon with a 203K mortgage. Both transactions went smoothly.

When making an offer on an REO property, asset managers want your best and highest offer from the get-go. Asset Managers/Banks are not emotionally involved like a regular homeowner and do not want to go back and forth with offers especially when there are multiple offers on the table. So, bring your highest and best offer from the beginning. It doesn't guarantee you will get an offer acceptance but one never knows!

If you have been thinking of buying an REO property in Lindenhurst NY or elsewhere on Long Island, call me toay (631) 703-0201 and I will give you more detailed information about buying REO properties.


Jackie Connelly-Fornuff 
Century 21 AA Realty in Lindenhurst, NY

Serving the South Shore of Long Island of Suffolk and Nassau Counties: Long Island Residential Listing Agent, Buyer's Agent, Condo, Coops and Short Sale Specialist.

Always Moving at the Speed of You!                                                 

Jackie Connelly-Fornuff with Century 21 AA Realty Lindenhurst NY

Cell/Text: (631) 703-0201
Office: (631) 226-5995 Ext. 242
Email: JackieConnelly@optonline.net
Website: www.LongIslandRealEstateLady.com
Blog: www.JackieConnellyFornuff.com
Facebook: Lindenhurst NY Neighborhood News
YouTube: LIRealEstateLady

           

Share

 

6 Comments on Lindenhurst NY REO Properties For Sale

DEC
19
2011
126,982 Points 2 Featured Posts Outside Blog Called Shot Master

Hi Jackie I have lots of relatives that live in Lindenhurst & W Babylon area. I'll keep your name handy should they need a realtor, you never know!
8:08am • #1
653,142 Points 49 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Hi Joan, small world isn't it?!?!? :) I appreciate that. I have family in Middletown NJ so I will do the same!
8:13am • #2
775,583 Points 16 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Jackie, losing the emotional ties to a home is probably the hardest thing for most sellers to do...it's all numbers and bottom line to the asset managers.
6:08pm • #3
DEC
23
2011
761,240 Points 69 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Great information on buying a Lindenhurst, NY REO or any REO for that matter.  People think they are getting bargains with REOs but you are correct, many of them need a lot of work.
1:05pm • #4
DEC
24
2011
413,687 Points 88 Featured Posts Localism Sponsor Outside Blog Called Shot Master

To my dear friend, blog buddy and c-mate,
I wish you all things bright and beautiful
at this holiday time and throughout the year. 
1:06pm • #5
DEC
26
2011
775,583 Points 16 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Hi Jackie, just stopped back by to wish you a Happy New Year...hope you had a wonderful Christmas.
1:49pm • #6

Login or register to leave a comment
 
Me-frame Rainmaker_large

Jackie Connelly-Fornuff Century 21 AA Lindenhurst NY

Lindenhurst, NY

More about me…

Long Island NY Real Estate Agent

Address: 1596 Straight Path, Lindenhurst, NY, 11757

Office Phone: (631) 703-0201

Email Me



Listings

Links

Archives

RSS 2.0 Feed for this blog