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: | $389,900 |
| Highest Price: | $389,900 |
| Lowest Price: | $389,900 |
| Average Size: | 2,518 ft² |
| Average Price Per Square Foot: | $155 per ft² |
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112 Palm Bay C Dr #c, Palm Beach Gardens, FL - $389,900
Best Priced 2500 Sq. Ft. Unit In Ballen Isles Which Is A Great Golf And Country Club Community With Many Notable Athletics And Personalities Living Here. Is In A Very Secured Gated Community. Unit Is Estate Foreclosure, Sold As Is, Move In Condit...
North Palm Beach Realty, LLC
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Listing information last updated on August 4th, 2021 at 4:31pm EDT.
Disclaimer / Sources: Neighborhood data provided by Onboard Informatics © 2021
