Sarasota Foreclosures & Short Sales

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 on the MLS. To get up to the minute foreclosure or short sale listings sent to you via email, just click this link: Distressed Home Finder.

 

Foreclosures for Sale in Sarasota & Manatee Counties

All Listings $100,000 - $200,000 $200,000 - $300,000
$300,000 - $400,000 $400,000 - $500,000

Market Statistics

Total Listings: 9
Average Price: $292,478
Highest Price: $499,999
Lowest Price: $179,900

Foreclosures for Sale in Sarasota & Manatee Counties

9 Properties Found. Page 1 of 1.
Photo of Listing #A4481787

Short Sale. This is your golden opportunity. Large Barn 3,600 sq feet. with 3 bedroom 1 bath home. All under a metal roof. Very cozy for you and all your fur babies. Lots of room for your Boat...

Photo of Listing #O5897388

Short Sale. Short Sale great home opportunity.

Photo of Listing #O5896839

Short Sale. Short Sale great Opportunity, a most see.

Photo of Listing #O5896566

Short Sale. Short Sale....Price decreased $20,000....Your search is over! This immaculate home in Tara Preserve is sure to impress. WOOD FLOORS cover the living area, owner's suite and office which...

Photo of Listing #O5875587

Short Sale. Short Sale, great opportunity, a most see.

Photo of Listing #A4475657

Short Sale. Third Party Approval Required. This large villa gives you the feel of a stand alone villa. Large eat-in kitchen over looks family room. Unit has a nice layout where bedrooms spaced o...

Photo of Listing #A4467926

Short Sale. TRUSTEE SALE - MUST SELL! Perfectly placed on a preserve lot, this Venice pool home has just under 1,700 square feet and includes a Photovoltaic Solar system. This 2 bedroom 2 bathroom ...

Photo of Listing #A4426912

Short Sale. Short Sale / Third Party Approval Required. Nice South Venice Home needs some tender loving care. Great investment home for rental or Maybe its time to downsize. This 2 bedroom 2 bath h...

Photo of Listing #O5750637

Short Sale approval is subject to a 3 rd party , house is sold in an "AS IS WHERE IS " condition , buyer and agent need to sign a hold harmless addendum prior to showing .Florida West coast gorgeou...

 

All Foreclosures & Short Sales Foreclosures & Short Sales Listed Within the Last 7 Days
 Longboat Key Foreclosures  New Longboat Key Foreclosures
 Casey Key Foreclosures  New Siesta Key Foreclosures 
 Bird Key Foreclosures  New Lido Key/Bird Key/Downtown Foreclosures
 Lakewood Ranch Foreclosures  New Lakewood Ranch Foreclosures
 Siesta Key Foreclosures  
 Lido Key Foreclosures  
 Downtown Sarasota Foreclosures  

 


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 home or condo 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 estate contract and submits it the bank for approval. 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.

 

 

Communities

Sarasota Bradenton
Anna Maria Island Longboat Key
Siesta Key Lido Key
St. Armands Circle Bird Key
Casey Key Downtown Sarasota
Lakewood Ranch West of Trail
Palmer Ranch St. Petersburg

 

Lifestyles

Suburbs Condo Living
Luxury Properties Gated Communities
Beach Condos Downtown Living
Waterfront Golf & Tennis
Barrier Islands Master Planned Communities
55+ Communities Acreage

 

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 DBA Stellar MLS.

Listing information last updated on November 29th, 2020 at 2:07am EST.