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 |
| $400,000 - $500,000 |
Market Statistics
Short Sale. Fabulous home located in "Sandhill Preserve" a guard gated premier community in Palmer Ranch with resort style amenity center includes community pool, tennis courts, fire pit and fitne...
| 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 January 23rd, 2021 at 7:10pm EST.