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!

All Listings $100,000 - $200,000 $200,000 - $300,000
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$900,000 - $1,000,000 Over $1,000,000
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290 N Washington Dr, Sarasota $5,990,000

  • 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 $2,900,000

  • 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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7004 Hawks Harbor Cir, Bradenton $1,890,000

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

Short Sale. Exclusive Gated Waterfront Custom Home Built Community. Cape Cod Style Home Built By W.g. Mills, Features Many Builder Upgrades. Beautiful Custom Kitchen Designed For Entertaining With Adjacent Butler’s Pantry & Gas Appliances. Elevator Operates...

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3360 Founders Club Dr, Sarasota $1,377,777

  • 4 Beds
  • 5.0 Baths
  • 5,159 SqFt
  • 0.56 Acres

Like New, Move-in Ready And Priced Considerably Below Zillows Appraisal For Quick Sale, This Stunning Todd Johnson Built, Designer Inspired Executive Home Provides Over 7,000 Square Feet Of Comfortable Living Space, Including A Huge, Screened-in Lanai, Com...

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6812 Belmont Ct, Lakewood Ranch $1,050,000

  • 4 Beds
  • 4.0 Baths
  • 4,717 SqFt
  • 0.52 Acres

Great Opportunity In Lakewood Ranch Country Club Village, Wonderful Golf Course Frontage Within A Gated Community. Excellent Curb Appeal, Landscaping, Paver Driveway And Large Caged Pool. The Interior Features A Built In Buffet/bar Within The Spacious Liv...

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7755 Holiday N Dr, Sarasota $1,029,900

  • 3 Beds
  • 4.0 Baths
  • 4,317 SqFt
  • 0.29 Acres

This Is Not A Short Sale. Beautiful Contemporary Waterfront Home With Dock And Pool On Canal. Open Updated Kitchen, Family Room W/fireplace, Large Master With Elegant En Suite With Dual Sinks And Separate Tub And Shower. Many Custom Built Ins Throughout. A...

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200 Sands Point Rd # 1305/1306, Longboat Key $999,900

  • 2 Beds
  • 2.0 Baths
  • 1,314 SqFt

Stunning Two-unit Condo With Unbeatable Views And Luxury Amenity Features On Longboat Key Now Available! Previously One Unit This Resort Condo Has Been Split Into Two Units And Comes Fully Furnished! With Separate Entry Points, Unit 1305 Features Two Queen ...

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7230 Ashland Gln, Lakewood Ranch $999,000

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

Short Sale. Unbelievable Opportunity! Lakewood Ranch Country Club Living At It's Finest! Gated Community On The Legacy Golf Course. This Sought After Family Oriented John Cannon Home Has A Barrel Tile Roof, Crown Molding, Side Loading 3 Car Garage, And Mor...

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717 N Armada Rd, Venice $795,000

  • 3 Beds
  • 4.0 Baths
  • 3,012 SqFt
  • 0.32 Acres

A Magnificent Custom Home By John Cannon In 1999, Still One Of The Eminent Sarasota Builders To Befit One Of The Most Premiere Sites Envisioned For The City Of Venice Master Plan By John Nolen In 1926. It Is One Of The Special Few Homes That Back Up To One ...

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6200 Saddle Oak Trl, Sarasota $748,000

  • 4 Beds
  • 5.0 Baths
  • 3,818 SqFt
  • 9.72 Acres

Short Sale. Under Contract-taking Backup Offers. Previously Listed At $899,000, This Unique Custom Home Does Have Some Maintenance & Repair Issues. Reduced To Sell Quickly And Also To Afford The New Owner Room To Make The Necessary Repairs, This Home Can Be...

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5208 96th E St, Lakewood Ranch $730,000

  • 3 Beds
  • 4.0 Baths
  • 3,867 SqFt
  • 0.54 Acres

Short Sale. Opportunity Knocks. Grab This Incredible Value Before It's Too Late. Fabulous Former Model Estate Home, In The Highlands Section At Rosedale On 1/2 Acre Golf Course Lot. Home Has A Commanding Presence, Common In More Expensive $1m ++ Homes. A L...

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21 Sugar Mill Dr, Osprey $699,000

  • 4 Beds
  • 5.0 Baths
  • 4,054 SqFt
  • 0.44 Acres

Short Sale! Charming Colonial Home Located In The Oaks Golf And Tennis Country Club, Bayside. This Home Exudes The True Timeless Southern Elegance Feel. The Classic Southern Influences By Acclaimed Architect Bo Mcewen Are Seen Throughout The Spaces. The Hom...

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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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7146 Hawks Harbor Cir, Bradenton $685,000

  • 3 Beds
  • 3.0 Baths
  • 2,264 SqFt
  • 0.14 Acres

Boater’s Paradise! This Waterfront Beauty Sits On Sail Boat Water With A Private Dock And No Bridges To The Gulf! The Home Has 3 Beds/ 3 Baths All On 3 Floors With An Elevator. The Ground Floor Contains The 2 Plus Car Garage And Tons Of Storage Space Or R...

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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 September 2nd, 2015 at 5:21pm EDT.