There are very few foreclosures in Greenpoint, most people that are in trouble with their mortgage for whatever reason can get it sold long before it gets to the point that the Bank would even consider a short sale at this time in this fast appreciating market.
If you are committed to Greenpoint, make a commitment to the best local agent you can find and together you will find the best deal for you.
Kathryn Lilly, Broker
Realty on the Greene, LLC
For Short Sales, my attitude of late is that First Time Buyers should steer clear. Short Sales tend to be a better deal for the homeowner than for the Buyer. You'll wait MONTHS for the homeowner's Lender to approve the short sale; maybe as long as Six or Seven Months. Meanwhile, you're stuck in a contract to buy that home. I closed a short sale recently with a Buyer who, after seven months said this at the closing table, "I don't even want this house anymore."
And he didn't even get the "deal" on price he thought he was getting! The house appraised for only slightly more than he paid for it at the short sale price. He walked into this deal thinking he was buying a home for $100,000 less than it's value. In the end that wasn't the case.
There are plenty of motivated Sellers with their homes listed on your local MLS. Go find a good Local Mortgage Banker, get prequalified, then find a great, experienced Realtor, and buy the home you want at the price you're willing to pay.
PowerHouse Solutions, Inc.
1010 Northern Blvd. Suite 234
Great Neck NY 11021
Licensed Mortgage Banker â€“ NYS Dept. of Financial Services
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This is a very vague question. It seems you are looking to buy a short sale, but so is everyone else, especially in the Greenpoint area. Usually when a short sale come out on the market, especially this one, it is put into contract quickly.
If you have any questions, feel free to call. The advice is free.
Happy 4th of July!
Keller Williams Real Estate
9120 4th Avenue Brooklyn, NY 11209
Office: (718) 954 8400
Direct: (212) 300-3919