Sentences with phrase «sold in a foreclosure sale»

It was formerly known as the Mondrian SoHo, which was sold in a foreclosure sale in June of last year.

What happens now, in Florida and across the nation, is that anyone who negotiates their underwater home in a short sale, or who has their home sold in a foreclosure sale, will face not only the loss of their home but the reality of possibly paying taxes on the balance left on that mortgage.

Not exact matches

Large numbers of individuals and small partnerships saw opportunities to profit from depressed prices and began investing in foreclosures and short sales, buying them at a discount and renovating them, either to sell at a profit or to rent out, often to families that had lost their homes to default.

Five recently sold homes in Manhattan, plus homes for sale, foreclosures, local mortgage rate comparison, housing data and nearby offerings.

Unpaid taxes and other bills owed to the City may be sold at the City's next Lien Sale to private debt collectors, which in turn can trigger foreclosure proceedings.

Foreclosures sold for an average discount of 16 % below market value in January, while short sales were discounted 13 %.

Short sales usually occur before foreclosure, when a lender has determined that a borrower is in default and can neither make the payments nor sell the property for enough money to cover the loan balance.

Now, if the property is not a primary residence but an income property or a cottage then you could find yourself in a forced sale situation — where the CRA proceeds with the lien in federal court, prompting you to either pay your outstanding debt, or lose title and ownership of the property, which then goes through the legal procedure of foreclosure and the home is then sold as a power of sale, to clear the debts.

As has been the case in recent years, the year - on - year uptick in prices indicates fewer distressed properties on the market; these properties, foreclosures and short sales, are where the home sells for less than is owed on the mortgage, and typically drag down median prices.

year - on - year uptick in prices indicates fewer distressed properties on the market; these properties, foreclosures and short sales, are where the home sells for less than is owed on the mortgage, and typically drag down median prices.

Short sale involves a homeowner in default to sell the property for less than it is worth to avoid foreclosure fees.

Typically, your credit score will drop by 75 to 200 points after selling your property in a short sale, which is less severe than a foreclosure.

But mainly, from 2001 to 2007 I traveled the country teaching buying and selling real estate, doing more foreclosures, short sales, and then actually produced over 450 seminar events in the real estate industry.

In 2011, 39 % of sold single - family properties were «distressed» (foreclosure or short sale), but today that portion is just 6 %.

Mimicking the federal Protecting Tenants in Foreclosure Act, a 90 - day notice for properties sold at a foreclosure sale must be sent to any tenant telling them of a change in ownership to the property.

Foreclosures sold for an average discount of 20 percent below market value in July, while short sales were discounted 14 percent.

However, when the homeowner simply can not afford the home anymore, he or she may attempt to sell the home through a real estate short sale in order avoid foreclosure on the home (with all the negative financial impact that brings).

I track the listings and sales in our neighborhood and surrounding neighborhoods, and the asking and selling prices have both been trending upward, while foreclosures in our immediate area have been cleared out.

And if you're in need of foreclosure avoidance solutions, our seasoned short sale division has a long track record of successfully helping Clark County homeowners avoid foreclosure by selling their properties, even if they're upside down on their mortgage.

To compound the problem beyond the individual foreclosures, the inflated selling prices of the homes remain in the system for use as comparable sales prices for valuations in the coming months.

The second - mortgage lender sold the property to a family trust (the «Buyer») in a foreclosure sale in August 2009.

Also known as a sales compromise, a short sale involves the lender and the homeowner agreeing to sell the property in order to avoid a foreclosure.

But of course, for those knowledgeable of the Wailea Beach Villas, the sale of a REO (foreclosure) in unit PH - 208 skews the numbers significantly, as it sold for $ 916 per square foot and thereby puts unnecessary downwards pressure on overall values.

One day, the family's home where Alicia raised her children, was sold at a foreclosure sale while she was in the hospital.

A judgment by a court in which a borrower's right to redeem benefit is taken away through a court - supervised sale of real property that secured the debt, is sold under foreclosure proceedings to pay the debt.

To summarize, in the context of your divorce if you and your spouse are settling credit card debt, selling your home at a short sale, or your home is going into foreclosure, you should be aware that you may have to deal with the tax consequences of the canceled debt income on the back end.

Ft.: $ 89 / sf Median Sold Price: $ 173,250 Number of Sales: 18 Number of Sold REO / Foreclosures Noted In MLS: 1 -LSB-...]

Ft.: $ 61 / sf Median Sold Price: $ 66,000 Number of Sales: 15 Number of Sold REO / Foreclosures Noted In -LSB-...]

Foreclosures sold for an average discount of 17 percent below market value in February (13 percent in January), while short sales were discounted 16 percent (12 percent in January).

Workout sale: A situation in which the lender agrees not to move forward with foreclosure proceedings for a specific period of time, allowing the home owner to sell the property and pay off the loan.

Short sales were on the market for a median of 94 days, while foreclosures typically sold in 47 days and non-distressed homes took 75 days; 31 percent of all homes sold in January were on the market for less than a month.

Foreclosures sold for an average discount of 20 percent below market value in January, while short sales were discounted 12 percent.

Short sales were on the market the longest at a median of 110 days, while foreclosures sold in 55 days and non-distressed homes took 41 days.

Foreclosures sold for an average discount of 16 percent below market value in June, while short sales were discounted 13 percent.

Short sales were on the market the longest at a median of 99 days in October, while foreclosures sold in 50 days and non-distressed homes took 39 days.

Foreclosures sold for an average discount of 17 percent below market value in November (18 percent in October), while short sales were discounted 16 percent.

Foreclosures sold for an average discount of 18 percent below market value in October (15 percent in September), while short sales were discounted 16 percent (11 percent in September).

Foreclosures sold for an average discount of 11 percent below market value in June (12 percent in May), while short sales were discounted 18 percent (11 percent in May).

Short sales were on the market the longest at a median of 118 days in September, while foreclosures sold in 67 days and non-distressed homes took 38 days.

Short sales were on the market the longest at a median of 120 days in February, while foreclosures sold in 58 days and non-distressed homes took 61 days.

Short sales were on the market the longest at a median of 98 days in December, while foreclosures sold in 61 days and non-distressed homes took 66 days.

Foreclosures sold for an average discount of 16 percent below market value in September, while short sales were discounted 12 percent.

Short sales were on the market the longest at a median of 124 days in August, while foreclosures sold in 66 days and non — distressed homes took 45 days.

Foreclosures sold for an average discount of 14 percent below market value in September (same as in August), while short sales were discounted 14 percent (10 percent in August).

Foreclosures sold for an average discount of 15 percent below market value in May, while short sales were discounted 12 percent.

Foreclosures sold for an average discount of 18 percent below market value in August (17 percent in July), while short sales were discounted 12 percent (unchanged from July).

Short sales were on the market the longest at a median of 131 days in May, while foreclosures sold in 56 days and non-distressed homes took 38 days.

Short sales were on the market the longest at a median of 116 days in November, while foreclosures sold in 65 days and non-distressed homes took 63 days.

Short sales were on the market for a median of 81 days, while foreclosures typically sold in 46 days and non-distressed homes took 66 days.

Foreclosures sold for an average discount of 18 percent below market value in April (16 percent in March), while short sales were discounted 12 percent (14 percent in March).