Short Sales

What Is A Short Sale?

A short sale is when the home owner’s mortgage company will consider accepting less than what the current homeowner owes on the property.  In some cases, the mortgage company will pre-approve the list price.  This usually happens with a HAFA short sale. But for the vast majority of the time, it is likely that the mortgage company did not pre-approve the list price.  In cases like this, it is of paramount importance that you review the comps for the short sale listing with your agent.

The bottom line is that no matter what the list price is, the mortgage company will seek net an amount that is well  within line with current comps (market value). If the listing agent has grossly underpriced the home, it’s highly likely that the mortgage company will reject a lower than market value offer based on the comps that they’ve acquired.

So be sure your agent explains this to you and that you know the difference between list price and market price.  Check out these short sale listings.

  1. 4 beds, 2 baths
    Home size: 1,808 sq ft
    Year built: 1976
    Days on market: 376
  2. 2 beds, 2 baths
    Home size: 1,290 sq ft
    Year built: 2012
    Days on market: 379
  3. 2 beds, 3 baths
    Home size: 1,406 sq ft
    Year built: 1983
    Days on market: 379
  4. 4 beds, 3 baths
    Home size: 2,357 sq ft
    Year built: 1965
    Days on market: 379
  5. 3 beds, 2 baths
    Home size: 979 sq ft
    Year built: 1960
    Days on market: 380
  6. 3 beds, 3 baths
    Home size: 2,080 sq ft
    Year built: 1951
    Days on market: 382
  7. 3 beds, 3 baths
    Home size: 1,708 sq ft
    Year built: 1987
    Days on market: 385
  8. 2 beds, 3 baths
    Home size: 1,346 sq ft
    Year built: 1981
    Days on market: 387
  9. 1 bed, 1 bath
    Home size: 733 sq ft
    Year built: 1983
    Days on market: 388
  10. 3 beds, 3 baths
    Home size: 1,472 sq ft
    Year built: 1988
    Days on market: 388
  11. 3 beds, 2 baths
    Home size: 1,123 sq ft
    Year built: 1975
    Days on market: 388
  12. 3 beds, 2 baths
    Home size: 1,790 sq ft
    Year built: 1978
    Days on market: 388
  13. 2 beds, 2 baths
    Home size: 1,915 sq ft
    Year built: 2010
    Days on market: 389
  14. 4 beds, 3 baths
    Home size: 2,000 sq ft
    Year built: 1998
    Days on market: 390
  15. 4 beds, 3 baths
    Home size: 2,762 sq ft
    Year built: 1978
    Days on market: 392
  16. 2 beds, 3 baths
    Home size: 1,410 sq ft
    Year built: 1989
    Days on market: 393
  17. 2 beds, 2 baths
    Year built: 1972
    Days on market: 395
  18. 4 beds, 2 baths
    Home size: 1,914 sq ft
    Year built: 1963
    Days on market: 395
  19. 4 beds, 3 baths
    Home size: 2,406 sq ft
    Year built: 1952
    Days on market: 395
  20. 2 beds, 2 baths
    Home size: 1,492 sq ft
    Year built: 2005
    Days on market: 398
  21. 2 beds, 3 baths
    Home size: 1,430 sq ft
    Year built: 1981
    Days on market: 399
  22. 7 beds, 5 baths
    Home size: 3,263 sq ft
    Year built: 2005
    Days on market: 399
  23. 4 beds, 5 baths
    Home size: 3,661 sq ft
    Year built: 2003
    Days on market: 399
  24. 3 beds, 2 baths
    Home size: 1,224 sq ft
    Year built: 1974
    Days on market: 400
  25. 3 beds, 2 baths
    Home size: 1,387 sq ft
    Year built: 1974
    Days on market: 404
  26. 2 beds, 1 bath
    Home size: 955 sq ft
    Year built: 1964
    Days on market: 404
  27. 4 beds, 4 baths
    Home size: 2,680 sq ft
    Year built: 1978
    Days on market: 404
  28. 5 beds, 4 baths
    Home size: 3,340 sq ft
    Year built: 1998
    Days on market: 405
  29. 3 beds, 3 baths
    Home size: 1,812 sq ft
    Year built: 1976
    Days on market: 407
  30. 3 beds, 3 baths
    Home size: 1,650 sq ft
    Year built: 1960
    Days on market: 407
  31. 4 beds, 4 baths
    Home size: 2,419 sq ft
    Year built: 1958
    Days on market: 408
  32. 3 beds, 2 baths
    Home size: 1,459 sq ft
    Year built: 1978
    Days on market: 409
  33. 5 beds, 5 baths
    Home size: 2,925 sq ft
    Year built: 2015
    Days on market: 416
  34. 3 beds, 3 baths
    Home size: 1,280 sq ft
    Year built: 1917
    Days on market: 436
  35. 3 beds, 3 baths
    Home size: 1,520 sq ft
    Year built: 1974
    Days on market: 437
  36. 4 beds, 3 baths
    Home size: 2,344 sq ft
    Year built: 1970
    Days on market: 439
  37. 3 beds, 4 baths
    Home size: 2,350 sq ft
    Year built: 1969
    Days on market: 446
  38. 3 beds, 3 baths
    Home size: 1,896 sq ft
    Year built: 1976
    Days on market: 449
  39. 3 beds, 3 baths
    Home size: 1,700 sq ft
    Year built: 1995
    Days on market: 451
  40. 3 beds, 3 baths
    Home size: 1,419 sq ft
    Year built: 1981
    Days on market: 453
  41. 3 beds, 2 baths
    Home size: 1,656 sq ft
    Year built: 1977
    Days on market: 458
  42. 2 beds, 2 baths
    Home size: 1,477 sq ft
    Year built: 2008
    Days on market: 493
  43. 3 beds, 3 baths
    Home size: 1,906 sq ft
    Year built: 2011
    Days on market: 495
  44. 4 beds, 3 baths
    Home size: 2,817 sq ft
    Year built: 2013
    Days on market: 510
  45. 1 bed, 1 bath
    Home size: 625 sq ft
    Year built: 1974
    Days on market: 517
  46. 3 beds, 4 baths
    Home size: 2,930 sq ft
    Year built: 2005
    Days on market: 519
  47. 4 beds, 4 baths
    Home size: 3,218 sq ft
    Year built: 1965
    Days on market: 522
  48. 5 beds, 6 baths
    Home size: 3,492 sq ft
    Year built: 2016
    Days on market: 528
  49. 2 beds, 3 baths
    Home size: 1,715 sq ft
    Year built: 1991
    Days on market: 543
  50. 4 beds, 6 baths
    Home size: 5,394 sq ft
    Year built: 0
    Days on market: 562

See all Short Sales.
(all data current as of 4/21/2018)

Listing information deemed reliable but not guaranteed. Read full disclaimer.