Lindehurst Short Sale Real Estate Market
2008 Through April 30th, 2010
Short Sale Homes in Lindenhurst that were listed in 2009, increase by 450% compared to 2008.
As of April 30th, 2010, 26 homes in Lindenhurst were listed as short sales. 33 short sale homes were listed in 2009. The short sale real estate market is not over. Each month I'm going to update this chart for 2010 so we can see how the short sale real estate market is doing.
Short sales are a foreclosure alternative. It's better on your credit. With a short sale, you will not be able to get another mortgage between 3 to 5 years. With a foreclosure, you are looking at a minimum of 7 to 10 years.
I know this seems easy for me to say. Losing your home whether it's a short sale or foreclosure is not easy on you or anyone you know. At least there is a foreclosure alternative.
(All data provided in my charts are from the Multiple Listing Service of Long Island)
Recent Articles About The Lindenhurst Real Estate Market:
Finding A Realtor To Help Sell Your Home As A Short Sale In Lindenhurst
Lindenhurst Real Estate Market Report Newly Listed Homes Month Ending 4/30/10
Lindenhurst Real Estate Market Report Homes Under Contract Month Ending 4/30/10
Lindenhurst Real Estate Market Report Homes That Sold Month Ending 4/30/10
Lindenhurst - A Wonderful Town To Raise A Family!
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I am sorry to read about the short sales in your area. I hope things will improve.
Hi Gita, it will improve. It's just going to take time :)