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: | 1 |
| Average Price: | $365,000 |
| Highest Price: | $365,000 |
| Lowest Price: | $365,000 |
| Average Size: | 1,143 ft² |
| Average Price Per Square Foot: | $319 per ft² |
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336 Golfview Rd #309, North Palm Beach, FL - $365,000
Tastefully Updated 2 Bedroom 2 Bathroom Condo On Third Floor With Views Of The Intracoastal From The Balcony. Gray Laminate Wood Floor Throughout Matches Kitchen And Bathroom Fixtures. Community Has Billiard Room, Game Room, Pool And Shuffleboard....
RE/MAX Properties
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Listing information last updated on March 28th, 2023 at 12:45pm EDT.
