A foreclosure occurs when a homeowner neglects to pay their monthly mortgage, forcing the lender to reclaim the balance of the loan. A short sale results when the lender agrees to accept short of the amount owed on a mortgage. Usually, a short sale is a better alternative for a lien holder than a foreclosure.
If a property does not sell by the process of a short sale or foreclosure, then an REO (Real Estate Owned) occurs, and the bank or government agency will reclaim the property. Distressed properties usually enable a home buyer the ability to purchase real estate for below market value.
| Total Listings: | 2 |
| Average Price: | $306,700 |
| Highest Price: | $398,900 |
| Lowest Price: | $214,500 |
| Average Size: | 1,158 ft² |
| Average Price Per Square Foot: | $266 per ft² |
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4855 Arthur St, Palm Beach Gardens, FL - $214,500
Perfect Opportunity To Own An Affordable 2/2 In The Heart Of Palm Beach Gardens. This Unit Is 1/2 Of A Duplex. Great Investment Property And There Is A Also A Den That Can Easily Be Converted Into Another Bedroom.
Gulfstream Properties
230 Timberwalk Trl, Jupiter, FL - $398,900
Gated Community With Pool. Unit Is By Pool And Front Gate
Moss & Company Realty Inc
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Listing information last updated on January 17th, 2022 at 6:30am EST.
Disclaimer / Sources: Neighborhood data provided by Onboard Informatics © 2022
