Overview
This Short Sale is located at Beach 72nd St, Arverne, NY 11692. This property is Short Sale.
Save money on this property now.
This property is available as a short sale at Beach 72nd St. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Arverne, specifically for Beach 72nd St and comparable listings. Based on this expert analysis, 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, all assessed by our experienced professionals. Properties like this one on Beach 72nd St are updated daily along with others in Arverne, New York, ensuring you have the most current and accurate information.
There are 3 schools in the area. Nearby schools include PS 42 Robert Vernam and Rockaway Park HS for Environmental Sustainability.
There are plenty of activities near this property like Rockaway Beach Surf Club, Arverne Cinemas, and more.
Public transportation options include: A train line with direct access to Manhattan, Q22 and Q52 bus services providing local connectivity. Other services include ride-sharing services like Uber and Lyft.
Parks nearby include Arverne Beach Park, Rockaway Community Park and more.
Services available in the area include cellular and internet options.
The property located at Beach 72nd St in Arverne, NY is listed as a Short Sale
Short sale properties like Beach 72nd St in Arverne, 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.
Status: Active
Listing information updated for this property.
Status: Active
Status: Inactive
The property has moved into foreclosure proceedings. The lender is likely preparing the home for auction or repossession.
Status: Inactive
WILMINGTON TRUST NATIONAL ASSOCIATION
01/17/24 - 02/02/24Status: Inactive
The owner is behind on payments and has entered preforeclosure. It may still be possible to avoid foreclosure or sell early.
Status: Inactive
Status: Inactive
Status: Inactive
WILMINGTON TRUST NA SERIES 2006 HE 5
01/10/22 - 09/07/22Status: Inactive
Status: Inactive
CITIBANK
01/27/10 - 02/05/10Status: Inactive
Status: Inactive
CITI BANK
05/20/09 - 05/29/09Status: Inactive
Status: Inactive
CITIBANK, N.A.
07/28/08 - 03/25/09Status: Inactive
Status: Inactive
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