Putnam County Foreclosures and short sales
Below you will find all Putnam County foreclosures and short sale/REO listings currently on the market. To view all Westchester County Foreclosures check out: Westchester County Short Sales and Foreclosures. Interested in REO's? Check out Putnam County REO Bank Owned Properties.
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The data relating to real estate for sale or lease on this web site comes in part from Hudson Gateway Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Re/Max Classic Realty are marked with the Hudson Gateway Multiple Listing Service, Inc. logo or an abbreviated logo and detailed information about them includes the name of the listing broker.
A Short Sale typically is executed to prevent a home foreclosure. Often a bank will allow a short sale if they believe that it will result in a smaller financial loss than foreclosing. REO/Bank Owned properties are properties that are sold after the home is foreclosed and goes back to the bank or lender after an unsuccessful foreclosure auction.
The Short Sale process involves the homeowner and/or the owners real estate agent attempting to get approval from the bank/lender to sell the home for less than what is owned to the bank. REO/Bank Owned sales typically involve the real estate agent negotiating directly with the bank/lender on behalf of the buyer.