$89,900

5 Beds   3 Baths   Multi-Family
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S Main St
Newport, NH 03773

Overview

This Multi-Family Short Sale is located at S Main St, Newport, NH 03773. It has 5 Beds, 3 Baths. This property is Short Sale.
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Status: Inactive
Listing ID: 42151182

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Property Information

  • Price: $89,900
  • Bedrooms: 5
  • Bathrooms: 3
  • Full Baths: 3
  • Total Square Feet: 2,992
  • Lot Size: 16988 sf
  • Heating Type: Hot Water
  • Year Built: 1900
  • Source ID: 4319924
  • Day(s) On Site: 3162
  • School District: Newport Sch Dst SAU #58
  • Property Type: Multi Family Dwelling
  • Elementary School: Richards Elementary School
  • Junior High School: Newport Middle and High School
  • Senior High School: Newport Middle High School
  •  

Potential Home Value

This property has untapped potential!

Current Value
$89,900
Potential Value
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Short Sale

Short sale properties represent tremendous opportunity to you as a buyer because they are aggressively priced to sell well below or just at fair market value. Existing homeowners are typically distressed and eager to sell for less than what is owed on their mortgages. They are "underwater" and either can no longer afford their mortgage payments or are simply unwilling to continue to make them for various reasons.

First Steps to Buying a Short Sale

Short sales often present opportunities for real estate investors to purchase property at below market prices. A short sale occurs when the mortgage lender on a property agrees to give a release for less than the amount owed on the loan. This usually occurs when the loan on the property becomes delinquent and is headed toward foreclosure. An alert property owner who knows he is facing foreclosure is well advised to keep an open line of communication with his lender. And the lender is well advised to keep an open mind to the consequences of a loan default and the benefits of agreeing to a short sale. When the lender and property owner can agree on a short sale price, the owner can advertise that the property is a short sale and can list it accordingly. Such listings attract a lot of attention and can expedite the sale of the property.

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foreclosure.com

S Main St
Newport, NH 03773

5 Beds   3 Baths   Multi-Family

$89,900

Status: Inactive Listing ID: 42151182

Property Information

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Property Description

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Listing URL

https://static.foreclosure.com/listing/index.html?&listingid=42151182

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