Mahopac foreclosure & short sale properties for sale
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.
Below you will find all Mahopac foreclosures and short sale/REO listings currently on the market in Mahopac.