Indianapolis Real Estate Index

Contact Red Door Real Estate

If you have any questions or need more detailed information, please feel free to contact me via phone at 317-RED-DOOR / 317-733-3667 or fill out the form to let us know how we can help with your real estate needs.

Phone: (317) 733-3667
Fax: (317) 663-0840

Refine your search...
Use the form below to narrow down your results

Tagged : short sales

There are currently 2 blog entries matching this tag.

Indianapolis Short Sales Explained

Tuesday, October 19th, 2010 at 2:13pm. 1634 Views, 1 Comments.

indianapolis short salesI am finally writing the most overdue blog post EVER, the long winded answer to the question I probably get asked most often: What is a short sale?  Quite simply, a short sale is when the owner of a property owes more than the house is worth and they ask the bank to accept an offer less than this amount in lieu of going to foreclosure.  For example, a seller has a houses listed for $100,000 and they owe $125,000 on the mortgage.  They receive an offer from a prospective buyer for $90,000 and ask the bank to take a loss of $35,000 instead of taking the home to foreclosure, re-listing it, and selling it themselves.  Sometimes it works and sometimes it does not.  

Now, the gory details.  If you are the buyer or potential buyer of a short sale you MUST know

Read Full Post »


Fishers Indiana Foreclosures

Monday, December 28th, 2009 at 4:58pm. 1883 Views, 2 Comments.

Since everybody is always so interested in Fishers foreclosures and Fishers Indiana short sales, I thought it might be interesting to do a side by side comparison of active, pending, and sold homes in Fishers vs. foreclosures, short sales etc. On the left will be all Fishers homes and on the right will be all homes in Fishers that are distressed (bank owned, short sales, HUD, and VA) and the solds will be from 6/1/2009 to today:

 All Fishers Real Estate Distressed
# Active homes56873
Average asking price$291,119$287,381
Asking $/ Sq. Ft.$107$91
# Pending homes10731
# Sold876101
Average

Read Full Post »