The lender initiated foreclosure proceedings on these properties as the owner(s) were in default on their loan obligations. Pre-foreclosures also include properties for which a foreclosure auction is scheduled. These properties are not found on a multiple listing company (MLS).
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A pending listing implies a seller has acknowledged a suggestion from the buyer. In some instances, the vendor will acknowledge backup delivers.
Co-ops also have month to month expenses (Widespread Prices and Servicing Expenses), which can also involve real estate taxes and a percentage of the building’s underlying home loan.
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