1355 Foreclosures

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Search New Salem 1355 Foreclosures for sale on the MLS. View recent sales and find homes for sale in New Salem which allow for a 50% commission credit.

New Salem 1355 Foreclosures

If you’re looking to purchase a New Salem home for sale at a bargain price, foreclosures can often be a great opportunity for experienced investors. If a homeowner defaulted on their mortgage and is unable to pay off their debt before their home auction date, the property will revert back to the lender through the New Salem foreclosure process. Once a home has been foreclosed on, it will either be sold off in bulk by the bank or listed with an agent who will add to the MLS. Prior to entering into the MLS, it is often only possible to purchase a foreclosure if you have cash. However, once the property comes on the market through the New Salem MLS, there is typically preference within the first 2 weeks to FHA or other government-backed mortgages; if the prior loan foreclosed on was a government-backed mortgage.

Hottest Foreclosures Listings in New Salem 1355


Active
  • Located in Seaside
  • Built in 1958
  • MLS #: ML81987050
  • 5 Bedrooms
  • 3 Baths
  • 2,160 SqFt
More details Listing by Tommy Barker, eXp Realty of California Inc

Active
  • Located in San Dimas
  • Built in 1966
  • MLS #: AR24201169
  • 3 Bedrooms
  • 3 Baths
  • 3,262 SqFt
More details Listing by Lily Yun, Coldwell Banker George Realty

Active
  • Located in Anderson
  • Built in 1978
  • MLS #: SR24174857
  • 3 Bedrooms
  • 2 Baths
  • 1,528 SqFt
More details Listing by Alesha Gonzalez, Exp Realty of California

Active
  • Located in West Hollywood
  • Built in 1986
  • MLS #: SR24196390
  • 1 Bedrooms
  • 1 Bath
  • 706 SqFt
More details Listing by Gabriel Ostrow, Ridge Realty

Pending
  • Located in Redwood City
  • Built in 1951
  • MLS #: ML81981094
  • 4 Bedrooms
  • 4 Baths
  • 2,261 SqFt
More details Listing by Lisa Thompson, Intero Real Estate Services

Pending
  • Located in Manteca
  • Built in 1984
  • MLS #: MC24119671
  • 3 Bedrooms
  • 2 Baths
  • 1,906 SqFt
More details Listing by Alicia Zamora, Lupitas Z & N Realty

Active
  • Located in San Jacinto
  • Built in 1985
  • MLS #: SW24193341
  • 2 Bedrooms
  • 2 Baths
  • 1,015 SqFt
More details Listing by Dominic Dye, eXp Realty of Southern California, Inc.

Active
  • Located in Santa Clara
  • Built in 1963
  • MLS #: ML81959122
  • 2 Bedrooms
  • 1 Bath
  • 3,342 SqFt
More details Listing by Christina Chu, Maxreal

This information is believed to be accurate, but without any warranty.

New Salem Real Estate Listings

Search homes for sale in New Salem through our MLS powered real estate search. Find and compare homes, condos, and land for sale in New Salem. Visit open houses or schedule a tour online with one of our partner agents. When you’re ready to make an offer on a New Salem home, you’ll recieve a 50% commission credit when you submit your offer online with OfferDash®.

Open Houses in New Salem

If you’re in the market for a new home or just love staying current with what’s on the market, check out the list of New Salem open houses happening this weekend. We can help you plan a day to tour homes for sale that are having an open house. When browsing homes for sale in New Salem, just hit the save button and build your open house list of homes you want to tour. If you’re not finding any open house options on a property you want to tour, our local Partner Agents can schedule a private tour for you.

Making an Offer to Buy a Home in New Salem 1355

We’ve automated the home buying and selling process in order to save thousands for buyers and sellers. Once you’ve found the New Salem home for sale that you want to buy, just enter the address in our offer submission form and we’ll automatically draft a legal offer within minutes. In return, you’ll receive a 50% commission credit back for closing costs.

New Salem Home Values

Determining your New Salem home’s value is a 3 step process. A great way to begin is by checking your property value using our automated home valuation software. This free tool can help you determine what your home might sell for and even calculates estimated rental income it could generate by leasing out your property. To begin the process of determining your Homes value, start a free instant home valuation.

New Salem Short Sales

If a homeowner is having difficulty paying their mortgage and their New Salem home value has gone down below their mortgage amount, they may be considering a short sale. When a seller lists their New Salem home for sale as a short sale, they accept only one offer and submit it to their bank with a short sale package requesting mortgage debt relief. If their lender approves a short sale, they will inform the seller of the minimum net proceeds the bank will take in order to write off the sellers defaulted debt. It is often difficult to reduce the lenders’ short sale approval amount once the lender has made their decision. On loans with mortgage insurance, the lender’s losses are often covered by their insurance up to a certain amount. If a lender accepts a short sale they are likely to not receive a payout from their insurance, so knowing what coverage they have on a loan policy is key when requesting a short sale. If you’re interested in purchasing a New Salem home for sale that is listed as a short sale, know that it can be a lengthy process. Those that wait can often get a better deal than a foreclosure; since the bank only reviews 1 offer versus a foreclosure which may have multiple bids. However, a short sale could take months where a foreclosure sale can be sold within days.

Nearby Foreclosure Listings in New Salem Massachusetts

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