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

7706 257th Street E, MYAKKA CITY

$650,000

• 2 Beds
• 2 Baths
• 2,872 Sf

POMELLO PARK CTD

Short Sale. AN EQUESTRIAN DREAM! Live the country life in this custom home situated on 10 private acres on a dead end road. There is more than enough space for horses and/or any other farm animal...

944 Wilmerling Avenue, SARASOTA

$190,000

• 2 Beds
• 2 Baths
• 1,128 Sf

WINTER GARDENS UNIT 2

Short Sale. Short Sale great home opportunity.

4119 Pompano Road, VENICE

$230,000

• 3 Beds
• 2 Baths
• 1,272 Sf

SOUTH VENICE

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

138 Cipriani Way, NORTH VENICE

$295,000

• 2 Beds
• 2 Baths
• 1,889 Sf

VENETIAN GOLF & RIVER CLUB PHA

Short Sale. SHORT SALE. Private corner lot with water views! Extended Grand Villa, best priced Florentino model in VGRC! Upgrade Kitchen granite counter tops, 42" solid wood cabinets. Island worksp...

4854 Sabal Harbour Drive, BRADENTON

$229,000

• 4 Beds
• 2 Baths
• 1,685 Sf

SABAL HARBOUR PH V

Short Sale. As short sales go this is an ideal property for a cash buyer and/or investor. It’s been occupied by squatters for over a year protected from eviction by the COVID moratorium. The hous...

4568 Lake Vista Drive 23, SARASOTA

$244,900

• 3 Beds
• 2 Baths
• 2,094 Sf

CENTER GATE ESTATE VILL 7

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...

2236 Vintage Street, SARASOTA

$418,000

• 4 Beds
• 3 Baths
• 2,684 Sf

LAUREL MEADOWS

Short Sale. HOME SOLD AS-IS * SOME COSMETIC TLC NEEDED * THIS IS A DIAMOND IN THE ROUGH * 4 BEDROOMS & 3 BATHS PLUS A DEN/OFFICE * Split plan design * Beautiful location on QUIET CUL DE SAC * A VER...

8044 Rio Bella Place, UNIVERSITY PARK

$375,000

• 2 Beds
• 2 Baths
• 1,909 Sf

RIVA TRACE

Short Sale. LOWEST PRICE IN RIVA TRACE! This is a well maintained gated community of single family homes that is maintenance free and the LOCATION could not be better. It is close to shopping, rest...

881 Piedmont Road, VENICE

$179,900

• 2 Beds
• 2 Baths
• 1,470 Sf

SOUTH VENICE

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...

1611 Robbins Road, NOKOMIS

$499,999

• 6 Beds
• 4 Baths
• 4,314 Sf

WATERFRONT ESTATES

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...

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.

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