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LuckySV
LIF Adult
Member since 10/05 4675 total posts
Name:
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Short sale condo
Do they even exist??
TIA!
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Posted 3/16/11 3:15 PM  |
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Long Island Weddings
Long Island's Largest Bridal Resource | Prudential Douglas Elliman Real Estate |
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Re: Short sale condo
Sure - a short sale just means that the homeowner owes more on their mortgage than they can sell the home for. Therefore, they will be "short" on what they owe their lender, so the bank will need to agree to take less than what they are owed.
So any type of property -- single-family home, condo, co-op, etc. can be a short sale.
Hope this helps!
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| Posted 3/16/11 3:33 PM |
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LuckySV
LIF Adult
Member since 10/05 4675 total posts
Name:
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Re: Short sale condo
Thanks! I would think they would be harder to come by, no? Where can I find listings? I'm looking in a specific area?
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| Posted 3/16/11 3:41 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: Short sale condo
you would need a realtor to run an MLS search for short sale condos in the area you want
FM me and I will be happy to assist you if you like
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| Posted 3/16/11 4:23 PM |
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Re: Short sale condo
I would be glad to help, too -- not sure where you are targeting, but I am based in Nassau (N. Bellmore) and do a lot of work on the south shore and central Nassau. Feel free to contact me if I can help!
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| Posted 3/16/11 5:10 PM |
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