This Multi-Family is located at E 216th St, Bronx, NY 10467. This listing is NOT an active listing. Updates to this listing have stopped. This listing may be off the market. No further information is available at this time.
Save money on this property now.
This multi-family property is available as a short sale at E 216th St. Based on our analysis of the current market conditions in Bronx for E 216th St and comparable listings, the estimated market value is still being calculated. If purchased for rental purposes, this property might present an opportunity to make monthly rental income. The rental value will be updated on this listing soon. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at E 216th St are updated daily along with others in Bronx, New York.
The property located at E 216th St in Bronx, NY is listed as a Short SaleShort sale properties like E 216th St in Bronx, New York 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.
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.
Here is how to proceed:
Short sales can create opportunities to save big on the purchase of a property. Such agreements are entered into between a purchaser, a property owner, and the lender. Even though by definition a short sale means the lender is accepting less than the amount owed on the mortgage loan, it is not a certainty that the property is being purchased at a below market price. For that reason, you must still perform the same due diligence as you would on any other real estate transaction. The professional services of an appraiser, property inspector, and title agent are advised when structuring a short sale.
|Start Date||End Date||Listing Type||Bank Name|
|06/19/19||07/15/19||Preforeclosure||BANK OF AMERICA NA|
|10/10/18||10/15/18||Preforeclosure||BANK OF AMERICA NA|
|11/30/17||12/04/17||Preforeclosure||BANK OF AMERICA NA|
|03/20/15||11/15/15||Preforeclosure||BANK OF AMERICA NATIONAL AS...|
Calculate monthly mortgage payments with our easy mortgage loan calculator.
Millions of people receive foreclosure alerts daily, don't miss out.
Alert me about homes in that match this search.
By signing up for property alerts, I have read the Terms and Conditions of Service and agree to receive emails from Foreclosure.com.