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.

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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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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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336 W Royal Flamingo Dr, Sarasota $3,900,000

  • 4 Beds
  • 6.0 Baths
  • 6,789 SqFt
  • 0.43 Acres

Short Sale - Spectacular Waterfront Home With Incredible Views And Breathtaking Sunsets. This Tuscan Inspired Masterpiece Offers Almost 7,000 Square Feet Of Indoor Living Space With 4/5 Bedrooms, 5 Bathrooms, 1 Half Bath, 3 Car Garage, Formal Living Room W...

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102 12th Ave E, Palmetto $1,299,000

  • 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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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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311 Ogden St, Sarasota $967,200

  • 5 Beds
  • 5.0 Baths
  • 3,592 SqFt
  • 0.19 Acres

Great Buy On This Newer Custom Built Siesta Key Home Located In A Multi-million Dollar Neighborhood! Many Quality Updates Including Two-story Entry Area, Travertine Flooring, Huge Kitchen And Master Bedroom Suite And An Outdoor Kitchen. Great Location Withi...

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6110 Gnarled Oak Dr, Englewood $922,000

  • 5 Beds
  • 5.0 Baths
  • 4,212 SqFt
  • 0.36 Acres

Short Sale. Must See This Gorgeous Florida Contemporary Custom-built Home To Feel The Stress Melt Away And To Enjoy The Warmth Of Manasota Key's Old Florida Charm. Professionally Decorated And Well Maintained, This Gorgeous Two-story Home With It's Own Priv...

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7230 Ashland Gln, Lakewood Ranch $899,900

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

Price Reduction..alot Of Home For Under 900k -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 ...

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

  • 1 Beds
  • 2.0 Baths
  • 1,719 SqFt

Short Sale. Make An Offer! 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. ...

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8112 Lone Tree Gln, Lakewood Ranch $845,000

  • 3 Beds
  • 3.0 Baths
  • 4,000 SqFt
  • 0.50 Acres

Short Sale. Stunning And Beautiful Custom Peregrine Home. Custom Faux Painting Throughout, Crown Moulding In Every Room, Oversized Home On Spacious 1/2 Acre Lot. Tray Ceilings, Custom Fans, Custom Lighting, Den, Office, Bonus Room, Walk In Master Closet, ...

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7750 Cherry Laurel Ct, Sarasota $829,000

  • 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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Venice Ave, Venice $695,000

  • 4.99 Acres

Premium Hard Corner Parcel Totaling 5 Acres +/- , Located In North West Quadrant Of The Venice Avenue And River Road Intersection. The Property Currently Has A Residential Land Use And Zoning Designation. The Land Use Could Be Changed To Commercial Center (...

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8910 Wild Dunes Dr, Sarasota $605,000

  • 3 Beds
  • 4.0 Baths
  • 3,141 SqFt
  • 0.43 Acres

Short Sale And A Golfer's Paradise! The Quality And Upgrades Are Apparent The Moment You Enter This Stunning 3 Bedroom Plus Den And 3.5 Bath Home With Volume Ceilings Overlooking A Lake And Golf Course. The Kitchen With Its Oversized Granite Island And Si...

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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 May 4th, 2016 at 5:18am EDT.