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A short sale is a sale of real estate in which the proceeds from the sale fall short of the balance owed on a loan secured by the property sold.

 

 

An REO or Real Estate Owned property is a home that’s been through the foreclosure process and is now held by the lending institution. The bank has foreclosed and is now listing the property on the open market with a Real Estate Agent.

 

 

A Pre-Listed foreclosure is a home that’s been through the foreclosure. The bank is reviewing the apprisal and determining what price they will list the home for. These homes are not on the MLS but soon will be.

 

 

Fill out our form and tell me what type of property are you looking for. I will search the MLS and email you everything I find that falls within your search criteria.

 

 


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Notice of Pre-lien is a document notifying the owner of real property that materials or services are being furnished to his real property, putting him on notice that the one sending it would look to have a lien against the real property if those materials or services are not paid for. The right to retain the lawful possession of the property of another until the owner fulfills a legal duty to the person holding the property, such as the payment of lawful charges for work done on the property.
A notice of default is a notification given to a borrower stating that he or she has not made their payments by the predetermined deadline. It dictates that if the money owed (plus an additional legal fee) is not paid in a given time, the lender may choose to foreclose the borrower's property. A notice of sale is a notice that a lender is required to announce and advertise through various means in order to attract the interest of prospective buyers, in sufficient time that they will be able to bid on the purchase of a home, and typically 90 days after the notice is filed. A Trustee's Sale is s public auction that is open to all bidders and the property is usually awarded to the highest bidder who meets all the criteria set by the Trustee. REO stands for real estate owned. The Bank contacts us, The Hubbell Real Estate Group to list the property on the MLS and sell the home on the open market.
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