Homes for Sale in Meadow Bend - 8103 Stoney Bend - SOLD!!!!
Just Sold!!! -- This beautiful home in Meadow Bend is filled with custom amenities seldom seen in this price range. Enjoy formal dinners in the lovely dining room or casual BBQ’s on the large patio overlooking the serene pond and fountain. Versatile floor plan lends itself to entertaining or quiet evenings at home. Plenty of room to play in the large loft or sneak away to the private den or relaxing master suite for some quiet time. Upgrades include 9’ ceilings, extensive crown moldings, corner fireplace, 42’ maple cabinetry, marble vanities, tile floors in baths & entry, Jacuzzi tub, front porch, security system, huge walk-in closets, over sized 3 car garage plus many more. Near I-65 & only 15 mi to downtown Indianapolis.
Local Indiana guy is a Winner!....We just had to share this!
Recently we sent out our October e-newsletter and as usual, we included a trivia question with an opportunity to win movie tickets.
Home For Sale in Greenwood Indiana - Wakefield - 421 Governors Lane
Enjoy this fabulous 2 story in popular Wakefield featuring spacious great room with gas log fireplace. Open kitchen with large breakfast nook, center island and formal dining room are perfect for entertaining. Main floor den off of the entry foyer -- great place for your home office or family computer room.
Master suite features cathedral ceilings, plant shelf, whirlpool tub, separate shower and double vanity. Bedrooms 2 and 3 are oversized with nice walk in closets. 4th bedroom is enormous 20 X 16 with high ceilings and double closets. Excellent area for rec room, exercise area, etc. Relax or visit with neighbors on the front porch or back patio overlooking the shimmering lake. Home has 3 car carage and 1 year home warranty. Possession at closing too!
Search For Other Great Center Grove Homes
Search for other Center Grove Properties
Originally posted by Steve and Tonda Hoagland on Active Rain Blog with permission of John Breck - listing broker.
Short Sale - Part 2: How to Buy a Short Sale Property!
If you're not familiar with Short Sales, begin by reading Part 1: What is a Short Sale? Then come back to this article which takes the next step and explains how to buy a short sale.
So, how are Short Sale Properties Sold? They are listed with a real estate agent like other properties. They usually include the words "short sale" or "pre-foreclosure" in the property description section. Since the current homeowner is in a difficult financial situation, they are usually sold "as is". It's a good idea to contact a local real estate agent who is familiar with how to buy a short sale and ask them to set you up on a custom search which includes short sale properties. You can also search for properties on-line, although not all searches allow you to narrow your search to just short sale properties. Our property search is a good example of one that allows buyers to search for "foreclosed" properties in central Indiana, and the property detail page will state if the property is bank owned or a short sale (pre-foreclosure).
Potential buyers schedule a showing with their real estate agent to view the property. Unlike bank owned properties, many homeowners continue to live in the home while it's on the market, so if it's occupied, try to allow 24 hours notice to schedule an appointment. All offers are prepared and submitted to the buyer through a Realtor, in the same manner as a normal property sale.
So far, it seems like other real estate purchase -- right? So, what's the big deal? From here until closing.....it's anything but a "normal" transaction!
As you can see, it may take significantly longer to buy a short sale, the condition of the property may be questionable and there are definitely added frustrations working through the bank's red tape. You could wait months just to have the bank turn down the offer, accept someone else's offer, or see the property continue on to foreclosure and Sheriff's sale. So the real questions is.....Is it worth it? Can you get a good deal? Come back for Part 3!
Part 3 - Are Short Sales Good Deals?
Part 4 - Can You Sell Your Property as a Short Sale?
Search for Short Sale Properties
What is a short sale? - Part 1
A short sale(or pre-foreclosure) takes place when the sales price of a home is less than the outstanding mortgage balance on the property and the lender agrees to absorb the difference.
Short sales happen at all price points - from under $100,000 to homes in the millions. Each short sale represents a family in financial distress for a variety of reasons such as divorce, job loss, health expenses, or poor financial decisions.
We meet with many people in Central Indiana looking to sell their homes and unfortunately we hear this scenario way too often:
"I'm having difficulty making my mortgage payments. I'm afraid they are going to foreclose on me. I would love to sell, but I still owe $200,000 on my mortgage. According to the market analysis, my home will most likely sell for only $175,000. I don't have $25,000 (the "short" part) to make up the difference."
In the example above - will the bank let the home be sold for $175,000 and absorb the $25,000 shortfall - ie...a "short" sale?
• It depends. It's up to each bank to decide if they will accept less than the total due. Every bank handles short sales differently and each homeowner's situation is unique. One of the most important and least understood elements of short sales is that the homeowner must be approved for a short sale. In other words, they have to provide proof to the lender that they can no longer afford their home. This is called a hardship letter.
Why do banks approve a short sale?
• Foreclosure proceedings are very expensive for banks. It may be less expensive for them to accept a short sale if the homeowner is no longer able to afford their payments. In that case it is a prudent business decision. Banks don't agree to short sales because they "feel sorry" for the owner or "understand" their circumstances.
This artile is part of a series. Check back or subscribe to read:
Part 2 - How Do You Buy a Short Sale?
Part 3 - Are Short Sales Good Deals?
Part 4 - Can You Sell Your Property as a Short Sale?
This article originally published for The Hoagland Team Blog - IndyChats.com
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