Lindenhurst NY REO Homes For Sale
There are 7 REO properties for sale in Lindenhurst NY. Prices range from $139,900 to $269,900.
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.
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