If you are desperate to sell a house and its worth less than the mortgage, what can you do? The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know that there are instances when a home can be sold for less than its mortgage, however it’s a complicated process and a lot will depend on the lender. This process is called a “short sale,” which occurs when a lender agrees to write off the portion of a mortgage that’s higher than the value of a home. Check out below to see what sold in Yorkshire Place in October 2017:
45578 Emerald Forest, Novi: 3 bedrooms, 2.1 bathrooms, 2,085 sq. feet, 2 car garage, Sold Price: $310,000
Yorkshire Place Home Sold
October 2017
24763 White Plains Drive, Novi: 3 bedrooms, 2.1 bathrooms, 1,921 sq. feet, 2 car garage, Sold Price: $333,000
Yorkshire Place Home Sold
October 2017
For more information on Yorkshire Place, or similar Northville or Novi neighborhoods such as Deerbrook, Greenwood Oaks and Mystic Forest, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.