Short Sale condos near Jacksonville Florida

What is a Short Sale?

A short sale means the seller's lender is accepting a discounted payoff to release an existing mortgage. Just because a property is listed with short sale terms does not mean the lender will accept your offer, even if the seller accepts it.

Be aware that the seller need not be in default -- to have stopped making mortgage payments -- before a lender will consider a short sale. A lender may consider a short sale if the seller is current but the value has fallen. The seller may have over-encumbered, owe more than the home is worth, so a discounted price might bring the price in line with market value, not below it.

A short sale typically is executed to prevent a home foreclosure. Often a bank will choose to allow a short sale if they believe that it will result in a smaller financial loss than foreclosing. For the home owner, the advantages include avoidance of having a foreclosure on their credit history. Additionally, a short sale is typically faster and less expensive than a foreclosure.

All Listings Under $100,000 $100,000 - $200,000
$200,000 - $300,000 $300,000 - $400,000 $400,000 - $500,000
$500,000 - $600,000 $600,000 - $700,000 $700,000 - $800,000
$800,000 - $900,000 $900,000 - $1,000,000 Over $1,000,000

14 Search Results Found. Showing Results 0 - 14.

 

Listing Image
Listing #:
520347
Address:
10754 Scott Mill Jacksonville Florida
Subdivision:
Belle Oaks
Price:
$349,900
Sq. Feet:
2,650
Bedrooms:
3
Bathrooms:
3
Office:
Watson Realty Corp


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Listing Image
Listing #:
488399
Address:
12700 Bartram Park Jacksonville Florida
Subdivision:
Williams Walk
Price:
$169,900
Sq. Feet:
1,188
Bedrooms:
2
Bathrooms:
2
Office:
Ini Realty Investments, Inc.


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Listing Image
Listing #:
481597
Address:
5663 Greenland Jacksonville Florida
Subdivision:
Cottages Of Greenland
Price:
$159,900
Sq. Feet:
1,603
Bedrooms:
3
Bathrooms:
2
Office:
Watson Realty Corp


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Listing Image
Listing #:
514195
Address:
5663 Greenland Jacksonville Florida
Subdivision:
Cottages Of Greenland
Price:
$139,900
Sq. Feet:
1,603
Bedrooms:
3
Bathrooms:
3
Office:
Landco Properties, Inc.


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Listing Image
Listing #:
514194
Address:
5663 Greenland Jacksonville Florida
Subdivision:
Cottages Of Greenland
Price:
$139,900
Sq. Feet:
1,603
Bedrooms:
3
Bathrooms:
3
Office:
Landco Properties, Inc.


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Listing Image
Listing #:
523185
Address:
5663 Greenland Jacksonville Florida
Subdivision:
Cottages Of Greenland
Price:
$124,900
Sq. Feet:
1,531
Bedrooms:
3
Bathrooms:
3
Office:
Century 21 Lighthouse Realty


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Listing Image
Listing #:
522591
Address:
5663 Greenland Jacksonville Florida
Subdivision:
Cottages Of Greenland
Price:
$119,000
Sq. Feet:
1,603
Bedrooms:
3
Bathrooms:
2
Office:
Vanguard Realty, Inc


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Listing Image
Listing #:
516427
Address:
5663 Greenland Jacksonville Florida
Subdivision:
Cottages Of Greenland
Price:
$109,900
Sq. Feet:
1,531
Bedrooms:
3
Bathrooms:
2
Office:
Watson Realty Corp


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Listing Image
Listing #:
516274
Address:
12700 Bartram Park Jacksonville Florida
Subdivision:
Bartram Park
Price:
$95,000
Sq. Feet:
1,499
Bedrooms:
3
Bathrooms:
2
Office:
Vanguard Realty, Inc.


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Listing Image
Listing #:
524627
Address:
3765 Crown Point Jacksonville Florida
Subdivision:
Crown Point
Price:
$79,900
Sq. Feet:
1,100
Bedrooms:
2
Bathrooms:
2
Office:
Watson Realty Corp


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Listing Image
Listing #:
525223
Address:
12700 Bartram Park Jacksonville Florida
Subdivision:
Williams Walk
Price:
$64,900
Sq. Feet:
1,188
Bedrooms:
2
Bathrooms:
2
Office:
Explore Realty Inc.


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Listing Image
Listing #:
516099
Address:
12700 Bartram Park Jacksonville Florida
Subdivision:
Williams Walk
Price:
$60,000
Sq. Feet:
845
Bedrooms:
1
Bathrooms:
1
Office:
Century 21 Lighthouse Realty


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Listing Image
Listing #:
507418
Address:
8880 Old Kings Jacksonville Florida
Subdivision:
The Preserve
Price:
$57,000
Sq. Feet:
1,253
Bedrooms:
2
Bathrooms:
2
Office:
Signature Realty & Management


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Listing Image
Listing #:
478298
Address:
3270 Ricky Jacksonville Florida
Subdivision:
Mandarin Glen
Price:
$55,000
Sq. Feet:
1,000
Bedrooms:
2
Bathrooms:
2
Office:
Prudential Network Realty


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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than RE/MAX Atlantic are marked with the listing broker’s name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Copyright 2007 Northeast Florida Multiple Listing Service, Inc. All rights reserved.

 

When lenders agree to do a short sale in real estate, it means the lender is accepting less than the total amount due. Not all lenders will accept short sales or discounted payoffs, especially if it would make more financial sense to foreclose; moreover, not all sellers nor all properties qualify for short sales.


Looking for a great deal on a home? Gina LaBarbera sells short-sale Properties and foreclosures in Jacksonville Florida.