It has been a difficult year for many home owners and now the market has many homes for sale. Most of these homes are Short Sale or has been foreclosure.
a short sale is a sale of real estate in which the proceeds from the sale fall short of the balance owed on a loan secured by the property ...
Foreclosure involves a lawsuit in which a bank, mortgage company, or other lien holder seeks to take an owner's property to satisfy a debt. ...
Take a look at this 15 homes at an average price of $625,727 with the lowest price at $285,000 and highet price at 1,099,000 in Dix Hills, NewYork .
Many homes owners are not aware that they don't have to let the home go into FORCLOSURE. They can consult a realtor to complete a short sale, so that their credit can be rebuild again in a shorter time frame.
The realtor will negotiate on behalf of the seller to complete the process, but the buyer will have to wait it out until the bank agrees to all the terms of the sale.
It can be a win win situation for all parties. The seller can go and rebuild their lives again and the buyer will be able to obtain a home. Although, there are many negative aspect to a short sale .. Many people are grateful that the Bank is willing to work with them and they don't have to go through the Foreclosure process.
So take a look at all the different options that are available to you in the market and then you can make a decision that will help you and your family. Short sale and REO in Dix hills, New York.
www.discoverlongislandhomes.com
www.longislandhomes.kwrealty.com
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