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: | 4 |
| Average Price: | $397,200 |
| Highest Price: | $454,900 |
| Lowest Price: | $359,000 |
| Average Size: | 1,344 ft² |
| Average Price Per Square Foot: | $302 per ft² |
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300 Brackenwood Cir, Palm Beach Gardens, FL - $454,900
This 2 Bedroom, 2 Bath, First Floor Villa With Wrap Around Screened Patio Overlooking Open Greenery Golf Views. Nestled In The Golf Villas At Pga National, In Palm Beach Gardens. This Spacious Villa Features And Updated Kitchen With Refreshed Whit...
Nautica Realty
2658 Lorraine Ct, North Palm Beach, FL - $369,900
Property Is Being Sold Through Online Auction. Property Is Being Sold Occupied With Any And All Occupants In As Is/where Is Condition. Neither The Seller Nor The Listing Broker Can Verify The Existence Of Any Lease Agreement, Either Written Or Ve...
Bermuda Shorts Real Estate Services Inc
4290 Hazel Av #a, Palm Beach Gardens, FL - $405,000
This Recently Renovated 3-bedroom, 2.5-bathroom Residence Boasts A Perfect Blend Of Contemporary Charm And Functional Design.step Inside To Find Updated Flooring Throughout The First Floor, Enhancing The Spacious Feel Of The Living Areas. The Kitc...
Fidelity Realty Advisors Inc
336 Golfview Rd #309, North Palm Beach, FL - $359,000
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 September 19th, 2024 at 5:30am EDT.
