December 03, 2010
Short Sale with Lake Access in Lake Geneva Area
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We are starting to see some Short Sales with lake access here in the Lake Geneva area. Are you asking what is a short sale? It is a sale of real estate, a short sale occurs when a property is sold for less than the amount owed on the mortgage and the Lender agrees to accept that amount as satisfaction of the mortgage still owed.
Short sales are usually one step from the foreclosure process. These homes are usually priced to sell, which means a great bargain! Take for example: a home that has lake access to Lake Como. This home sits on a 160 x 100 lot with 3 bedrooms, fireplace and walk-in closet in the master, 1 bathroom, screened in porch with a 2.5 car garage. All of this for $138,500!
If you are looking for a bargain in the Lake Geneva area, you should consider looking at some short sales market is a great place to start. I can be reached at 262-745-1885 or .
Posted by: 
Shirley Coulman
Tagged With:
home for sale,
lake access,
lake como,
mortgage
and short sale
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