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.
Showing properties
1 - 50 of 179.
See more Short Sales.
(all data current as of
5/18/2012)
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$59,900 : 2122 NE 5th St, CENTER POINT3 beds, 2 full baths
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$59,900 : 7809 Vienna Ave, BIRMINGHAM3 beds, 1 full bath
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$81,700 : 110 Buckingham Cir, MONTEVALLO3 beds, 2 full baths
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$299,900 : 1531 Creekside Dr, HOOVER4 beds, 3 full baths
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$134,900 : 8818 Lakeridge Terr, PINSON4 beds, 2 full, 1 part baths
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$144,900 : 5329 Bridle Path Ln, PINSON3 beds, 3 full baths
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$29,900 : 930 Hodges Loop, SYLACAUGA3 beds, 1 full bath
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$109,900 : 7031 Mann Dr, TRUSSVILLE3 beds, 2 full, 1 part baths
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$139,900 : 9025 Kim Ln, KIMBERLY3 beds, 2 full baths
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$39,000 : 2609 17th St, BIRMINGHAM3 beds, 1 full bath
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$20,000 : 4124 N 40th Ave, BIRMINGHAM3 beds, 2 full baths
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$16,900 : 2517 W 23rd St, BIRMINGHAM3 beds, 2 full baths
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$124,900 : 297 Fran Dr, ALABASTER3 beds, 2 full baths
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$65,000 : 7914 S 1st Ave, BIRMINGHAM3 beds, 1 full bath
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$99,900 : 3369 Thomas Ln, BIRMINGHAM3 beds, 2 full baths
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$250,000 : 5187 Park Trace Dr, BIRMINGHAM4 beds, 2 full, 1 part baths
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$239,900 : 113 Lorena Ln, MOUNTAIN BROOK2 beds, 1 full bath
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$25,000 : 324 Hillside Dr, TRUSSVILLE3 beds, 2 full baths
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$219,900 : 7008 Brooke Ln, CLAY4 beds, 3 full baths
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$109,900 : 1820 Otis Rd, BIRMINGHAM3 beds, 2 full baths
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$149,900 : 4625 Chablis Way, BIRMINGHAM3 beds, 2 full baths
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$130,000 : 1219 Old Oak Cir, BIRMINGHAM4 beds, 2 full baths
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$59,900 : 1612 Park Terr ,Unit 4A, BIRMINGHAM2 beds, 2 full baths
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$109,600 : 235 Morretti Dr, SYLACAUGA3 beds, 2 full baths
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$98,900 : 6598 Co Rd 38, JEMISON3 beds, 2 full baths
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$64,900 : 80 Honeysuckle Rd, LOCUST FORK3 beds, 2 full baths
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$175,000 : 913 Highland Rd, HOMEWOOD4 beds, 3 full baths
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$199,900 : 5809 Bayleaf Ln, BESSEMER4 beds, 2 full baths
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$89,900 : 717 Central Ave, FULTONDALE3 beds, 2 full baths
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$114,900 : 740 Nytol Cir, IRONDALE3 beds, 2 full baths
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$199,900 : 475 River Forest Ln ,Unit 3230, LINCOLN3 beds, 2 full baths
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$50,000 : 2153 Cheshire Dr ,Unit 0, BIRMINGHAM2 beds, 1 full, 1 part baths
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$119,900 : 1240 Washington Dr, MOODY3 beds, 2 full baths
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$157,000 : 158 Ashford Way, ALABASTER4 beds, 2 full, 1 part baths
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$75,000 : 6612 Seminole Dr, FAIRFIELD3 beds, 1 full bath
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$99,900 : 4610 Hollow Ln, HELENA3 beds, 2 full baths
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$99,900 : 607 Lay Dam Rd, CLANTON3 beds, 1 full, 1 part baths
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$226,900 : 1803 Paulette Dr, HOOVER3 beds, 2 full baths
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$29,900 : 424 Burgundy Dr, BIRMINGHAM3 beds, 1 full, 1 part baths
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$230,000 : 8451 Shady Trl, HELENA4 beds, 3 full, 1 part baths
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$85,000 : 2555 Tahiti Terr, ALABASTER3 beds, 2 full, 1 part baths
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$95,000 : 53161 Hwy 25, VANDIVER4 beds, 2 full baths
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$235,000 : 1096 Old Mill Run, LEEDS4 beds, 3 full, 1 part baths
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$400,000 : 4619 Pine Mountain Rd, MOUNTAIN BROOK6 beds, 4 full, 1 part baths
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$134,900 : 108 Carter Ln, ALABASTER3 beds, 2 full baths
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$104,900 : 129 Merimeadows Dr, CALERA3 beds, 2 full baths
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$54,900 : 426 SW Jerry Dr, BESSEMER3 beds, 1 full bath
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$229,000 : 4819 Caldwell Mill Rd, BIRMINGHAM4 beds, 3 full baths
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$60,000 : 227 Melton St ,Unit 5, MONTEVALLO2 beds, 2 full baths
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$65,000 : 223 Melton St ,Unit 7, MONTEVALLO2 beds, 2 full baths
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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