Friday, April 8, 2011

Elkhart, Indiana, 4 Bedroom, 1.75 Bath Home For Sale, Jimtown, $68,000

Elkhart, Indiana, 4 Bedroom, 1.75 Bath Home For Sale, Jimtown, $68,000 You can snag a great home if you have the patience to wait for the short sale process! Now I know what you are thinking, Oh No, not a short sale, I do not want to waiting THAT LONG! You see, that’s a myth that’s going around about short sales! Not all of them take forever and a day...yet some of them do. The truth to the matter is that every Mortgage Lender has their own procedure for processing short payoffs, and neither of the Real Estate Agents know how long this particular one will take until we have a Buyer who writes an offer. If you are looking for a great deal and have patience, we can sometimes get you in a home for a very good price. Let’s take a look at this home, it is a 4 bedroom home. The Master Bedroom is on the left as you go up the stairs. The Full Bath is huge! An extra large Kitchen is at the back of the home just off the oversize deck and features an eat in Dining Area. Plenty of room even for multiple cooks. Plus there is also a full Formal Dining Room!
Here is how the process goes. . . Once the Buyer has written an offer then it is presented to the Home Owner. After all the terms and conditions are agreed upon the Home Owner submit: · Two years of Income Taxes, · Two Months Pay Stubs, · Two Months Bank Statements, · Hardship Letter, · Letter of Authorization and a · Financial Statement. The Mortgage Lender will review those documents and if they find there is a hardship they will order either a full blown Appraisal or a BPO (Broker Price Opinion) to get the current valuation letting them know the current Market Price of the home. Now you can see what is happening while you are waiting for the procedures, and yet if you have some time before you have to move, you can snag this great home, at a great price. 57928 CR 3 is located in Baugo Township, just south of Mishawaka Road (CR 20) and is close to shopping districts, an easy drive to the US 20 Bypass. Living here is within walking distance to Jimtown Schools. Bring your hammer and a couple of other tools with you, there are projects that need completion… Priced attractively at $68,000 chances are it will be snatched up by a person willing to wait for The Short Sale Process! If this sounds like a place you could live, and you have patience, and you are looking for a great deal, call me, Evelyn Johnston at 574-304-7148. The Home Owner has selected Evelyn Johnston with Elkhart County Subdivisions to represent them in the sale of their home. Please call me, Evelyn at 574-304-7148 for your personal tour of this property!