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: | 3 |
| Average Price: | $630,667 |
| Highest Price: | $1,550,000 |
| Lowest Price: | $90,000 |
| Average Size: | 2,061 ft² |
| Average Price Per Square Foot: | $240 per ft² |
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1200 Marine 404 Way #404b, North Palm Beach, FL - $252,000
Opportunity To Own Your Piece Of Paradise In Old Port Cove. Make This 1 Bedroom, 1 Bath Plus A Den Your Own Private Get Away. This Little Gem Is Looking For A New Owner To Bring It To Life With New Touches. Sit On Your Balcony And Enjoy The Views ...
SAND CASTLE HOMES REALTY
2726 Anzio Ct #101, Palm Beach Gardens, FL - $90,000
Please Contact Auction Company Directly With Any Questions About Property. Listing Agent Does Not Have Any Further Information. No Showings At This Time. The List Price Is Not Indicative Of Seller's Final Reserve Amount. This Property Is Part Of A...
The Global Real Estate Group
24 Bermuda Lake Dr, Palm Beach Gardens, FL - $1,550,000
This Spacious Six Bedroom Home Located In The Premier Country Club Community Of Ballenisles Offers A Functional Floor Plan Including A First-floor Primary Suite, Formal Living And Dining, Large Family Room, Den/office, Covered Patio, Plentiful Sto...
One Sotheby's International Re
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Listing information last updated on July 4th, 2022 at 1:00pm EDT.
