Sarasota Foreclosures

Take a look below to view foreclosures in Sarasota, Bradenton, Siesta Key, Longboat Key, Casey Key, Bird Key, Lido Key, Lakewood Ranch, Osprey and Nokomis. This page is updated daily with new opportunities. To get up to the minute foreclosure or short sale listings sent to you via email, just click this link: Distressed Home Finder.

 Longboat Key Foreclosures  Siesta Key Foreclosures
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Sarasota Foreclosures & Short Sales Within The Last 7 Days

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Sarasota Foreclosures For Sale - Updated Daily!

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$900,000 - $1,000,000 Over $1,000,000
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290 N Washington Dr, Sarasota $5,490,000

  • 5 Beds
  • 6.0 Baths
  • 6,700 SqFt
  • 0.26 Acres

Venetian Elegance, Bay-front Home Just Steps To The Heart Of St. Armands Circle And The Gulf Of Mexico With No Bridges To Sarasota Bay And Easy Access To The Gulf Of Mexico. Spend Your Day At The Beach Followed By Shopping And World-class Dining And Finish ...

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3929 Higel Ave, Sarasota $2,750,000

  • 4 Beds
  • 5.0 Baths
  • 6,605 SqFt
  • 0.56 Acres

Magnificent Estate On Siesta Key - Behind The Mature And Natural Landscaping, A Gated Entry Leads You Down A Secluded Drive To This Colossal Residence. The Setting For The Home Is On What Could Be Considered One Of The Best Private Homesites On Bayou Netti...

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4002 Roberts Point Rd, Sarasota $2,549,000

  • 5 Beds
  • 6.0 Baths
  • 5,058 SqFt
  • 0.51 Acres

Amazing Waterfront Estate On Famous Coconut Bayou And Direct, Deep Water Access To The Gulf. This Gorgeous Home Is In The Heart Of The Siesta Key Island Life—minutes To World Class Beaches, Restaurants And Shopping. Located On The Quiet North End Of The Is...

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4082 Founders Club Dr, Sarasota $2,199,000

  • 6 Beds
  • 6.0 Baths
  • 7,425 SqFt
  • 0.86 Acres

Estate Living At It's Finest In Beautiful Founders Club. Car Collectors Dream Come True, Your 6 Car Garage Awaits! Elegance Abounds In This Fabulous 6 Bedroom, 6 Full Bath Estate With An Elevator. A Must See Grand Entrance With Soaring Ceilings, Crown Mo...

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102 12th Ave E, Palmetto $1,450,000

  • 4 Beds
  • 5.0 Baths
  • 4,462 SqFt
  • 0.28 Acres

Short Sale. Capture The Sunrise And Sunset In This Luxurious Tuscan-style Home, Perfectly Located At The Tip Of The Riviera Dunes Peninsula On The Mile-wide Manatee River. Serene And Surrounded By Water On Three Sides, This Home Is Ideal For Serious Boaters...

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5104 Lockwood Ridge Rd, Sarasota $1,400,000

  • 16,000 SqFt
  • 3.00 Acres

Short Sale - A 16,000+/- Square Foot 3 Story Office Building With Asphalt Parking Lot With Lighting, Water Retention, Central Water And Sewer And Decorative Fencing. Current Net Operating Income Of Approx. $119,000. There Is Also A Pad For An Additional 1...

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4515 15th E St, Bradenton $1,295,000

  • 40,030 SqFt
  • 5.00 Acres

'short Sale' Free Standing Industrial Warehouse Building. The Building Is Separated Into 7 Units Which Can Be Leased Individually Ranging From 3,840 Sf To 7,500 Sf. Lots Of Power, 11 Overhead Doors, Fire Sprinklers, Fenced Yard, Outside Storage Also Availa...

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7004 Hawks Harbor Cir, Bradenton $1,250,000

  • 5 Beds
  • 5.0 Baths
  • 4,355 SqFt
  • 0.30 Acres

Short Sale. Finding A True 5 Bedroom Home With All Of The Extras This Home Has To Offer In This Price Range Is Near Impossible In This Area. Chef’s Kitchen With High End Appliances, Butler’s Pantry, Custom Cabinetry And Granite Are Just Some Of The Outstand...

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7245 Midnight Pass Rd, Sarasota $1,145,000

  • 2 Beds
  • 4.0 Baths
  • 3,343 SqFt
  • 0.77 Acres

Short Sale - New Price! Situated On Almost 3/4 Of An Acre With Beautiful Gardens This Gated Waterfront Property With Deeded Boat Slip Is Also Part Of The Exclusive Sanderling Club. This Meandering Property Has A Formal Living And Dining Area Plus A Large F...

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7230 Ashland Gln, Lakewood Ranch $924,990

  • 3 Beds
  • 4.0 Baths
  • 4,149 SqFt
  • 0.48 Acres

Nice Price Reduction..you Will Fall In Love With The Amazing Views From This Wonderful John Cannon 2 Story Home - From Sitting On Your Lanai By Your Pool/spa Or From Your Upstairs Balcony Overlooking The Pool - Golf Course And Water Views.. Open Floor Plan ...

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7750 Cherry Laurel Ct, Sarasota $899,000

  • 5 Beds
  • 7.0 Baths
  • 6,215 SqFt
  • 0.92 Acres

Short Sale: There’s Not Much To Say About A Home This Size And With Such An Outstanding Sarasota Address. Over 6,000 Square Feet Of Magnificent Tuscany Environment That Will Make You Believe You’re In Italy. Room After Grand Room Of Exquisite Trompe-l'œi...

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420 Casey Key Rd, Nokomis $879,900

  • 3 Beds
  • 3.0 Baths
  • 5,501 SqFt
  • 0.49 Acres

Main House Built In 1985 And A Guest Cottage Built In 1947 Are On The Property. Wonderful Bay Views And Great Boating Water To Dock The Larger Yacht. Value Is In The Land. This Property Is Being Sold As/is With Right To Inspect. All Utilities Are Off And It...

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1111 Ritz Carlton Dr #1108, Sarasota $850,000

  • 1 Beds
  • 2.0 Baths
  • 1,719 SqFt

Short Sale. This Is The Residence You Have Been Waiting For! The Perfect Palette For Your Getaway Place In The Sky. Forever Views Of Sarasota Bay And The Downtown City Skyline Are Yours From This One Bedroom, 1.5 Bath 11th Floor Condominium. Located On The ...

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Good Foreclosure and Short Sale Blog Posts

Sarasota Foreclosures & Short Sale

The properties above are either short sales or foreclosures. It is much easier to purchase a foreclosure than a short sale. Typically, you can get a response back from the bank rather quickly whereas a short sale could take months.

A short sale occurs when the proceeds of a real estate sale are insufficient to cover the mortgage or balance owned on the property. In a short sale, the bank agrees to take less than what is owed to them due to an economic or financial hardship on the part of the borrower.

In a short sale the bank does not have title to the property. The homeowner still has title and must approve a purchase agreement. The seller then takes the agreed upon real estaet contract and submits it the bank for approvale. This negotiation can take a long time to accomplish. In many cases it takes months to process a short sale. Be prepared to spend a lot of time and energy in a short sale. If you need to move into a home quickly you should ignore short sales.

The foreclosure process is typically a bank or other secured creditor selling or repossessing a property after the owner has failed to comply with an agreement between the lender and borrower called a mortgage. In short, they stopped paying on the promissory note and the bank takes back the property. When the foreclosure proceeding is complete, the lender can dispose of the property and keep the proceeds to pay off the mortgage and any legal costs.

Buying a foreclosure, also known as REO or bank owned property, is easier than a short sale. Typically, you can get a response to an offer rather quickly. If you have a time line for purchasing it is best to look at bank owned properties instead of short sales.

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All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified.

Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.

Listing data comes from My Florida Regional MLS.

Listing information last updated on February 12th, 2016 at 8:50am EST.