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What has been a normal practice by foreclosure bail out investors is becoming more popular in today's everyday transactions... SHORT SALES! A short sale is an option often used to escape foreclosure and happens when a seller is selling his/her property for less than owed. The sale has to be approved by the lender and the outstanding debt will be forgiven by the lender. It is a process that takes longer than a normal transaction and involves some patience. There was an article in the Sunday Real Estate section of the NY Times, see link: The Virtue Of Short Sales The key I found to these types of transactions are constant communication w/lender, organization and timely response from your seller when documents are requested. As usual, comments and suggestions are always welcomed... MICHAEL ALEXANDER BROWN - REALTOR® WESTCHESTER COUNTY & THE BRONX
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Furnished Rental/Includes all Utilities
• 850 sq. ft., 1 bath, 1 bdrm apartment "Coop Rental"
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MLS®
$1,000 USD
Monthly
- Renovated Bath & Kitchen
Burke Ave, Bronx
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Immaculate completely renovated 1 bedroom apartment. New kitchen and baths, hardwood floors throughout. Top floor. Walk to train, shops and park. 35 min to NYC. Security 7 days a week, new state of the art intercom system. Can be delivered furnished(with TV, AC units, LR & BR Furniture) and includes all utilities.
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Large Brick Home
• 2,500 sq. ft., 2 bath, 8 bdrm multiplex "2 Family Brick"
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MLS®
$479,000
- Priced To Sell
Bronx, New York City
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Semi Detatched Brick 2 Family Home. Walk to Train and Shops. 2 Large 4 bedroom apartments. 1 Car Garage.
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Move Right In!
• 4,800 sq. ft., 5 bath, 10 bdrm multiplex "Large 2 Family Tudor"
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MLS®
$749,790
- Flexible!
Vernon Park, Mount Vernon
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This is a Must See! Great Income Potential! Enormous 2 Family, Solid Stucco, 4 Bdrm + 1 Bth in BOTH Units! Living rooms w/wood burning Fireplaces, Lrg Formal Dining Room (14x18), Real Solid Wood Doors throughout. 3rd Flr has 2 Bedrooms + 2 Updated Full Baths. Finished Basement w/Full Bath & Separate Entrance. Owner has PRIVATE seperate entranc on East Sidney Ave. Private Fenced Patio Yard, 2 Car Garage, New Gas Boiler & Baseboard Radiators, New Windows & Doors + New 2 Yr Roof.
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Move In Condition
• 2,577 sq. ft., 3 bath, 8 bdrm multiplex
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MLS®
$499,900
- Won't Last Long!
Downtown, Yonkers
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Great Investment Opportunity! Legal 3 Family House with Walk-Out Basement. All 3 Units Recently Updated. New Roof. New Boiler- only 2 yrs old. New Windows Throughout, New Hot Water Tank- Fully Insulated. New Floors. Updated Kitchens & Bathrooms in all 3 units. Owner's apartment has yard access. Great Income Potential-Let your Tenants Pay For The Mortgage!
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Move In Condition
• 1,800 sq. ft., 2 bath, 3 bdrm single story
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MLS®
$479,900
- Manor Schools
Pelham Manor, Westchester County
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Great Home. Pelham Manor Schools for less than $500,000 in move in condition. Brick Triplex, 3 Bedrooms, 1.5 Baths, fenced yard central air and many more. Close to Hutchinson River Pkwy and I95.
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Bronxville, Westchester County
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The single story at 39 Elm Rock Rd has been sold.
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Great Value
• 2,384 sq. ft., 4 bath, 7 bdrm multiplex "Legal 4 Family Brownstone"
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MLS®
$599,700
- Priced To Sell
Bedford-Stuyvesant, Brooklyn
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-------------------------------------------------------------------------------- 4 Story Brownstone in the heart of Bedford Stuyvesant. 7 Fireplaces and harwood floors throughout. Legal 4 Family. (3) 2 Bedrooms & (1) Bedroom. Walk to train.Viewings are Wed & Thurs evening 6-8pm.
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Great Rent Roll
• 2,000 sq. ft., 4 bath, 4 bdrm 2 story "Legal 3 Family"
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MLS®
SALE PENDING
$449,500
- Incredible Opportunity
West Mount Vernon, Mount Vernon
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Renovated 3 Family! Great oppty to live and collect rent. Large owner apt. plenty of space, walk out basement, large lot & plenty of parking. Good 1st time home buyers program for financing. Property qualifies for Webster Bank HOPE Program: No min. credit scores & only 10% down! Call Sandra at Webster Bank 914.325.7815.
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Move In Condition
• 1,620 sq. ft., 2 bath, 3 bdrm 2 story "Colonial"
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MLS®
$595,000
- Well Maintained Colonial
Wilmot Road, Scarsdale
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Scarsdale P.O. This charming Colonial in move-in condition features 3 family size bedrooms, new boiler, CAC, new Bth, livingroom w/fireplace, eat-in-kitchen with new appl and Brkfst Rm. Sunporch off of one BR and full Bsmt. Level yard. in convenient location. Walk to Shops, Lake Isle and Schools.
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A True Gem
• 1,900 sq. ft., 3 bath, 3 bdrm 2 story "Colonial"
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MLS®
$657,500
- Below Market
Larchmont, Westchester County
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Great opportunity to buy below market. Lovely Colonial on a cul-de-sac features generous room sizes, large living room, very large kitchen, deck, and central air. looking for a quick transaction. taxes do not include star deduction.
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Note that this information is outdated.
Taking the global spotlight for its economic efforts, Westchester County has been named one of the Top Seven Intelligent Communities of the Year by The Intelligent Community Forum (ICF), a non-profit international think tank that focuses on job creation and economic development in the broadband economy.
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