Find Short Sales in
Franklin, Brentwood, Spring Hill, Murfreesboro and Nashville TN
Are you having trouble finding all those great homes for sale deals in Franklin,Brentwood, Spring Hill, Murfreesboro, or the Nashville area?A lot has been said over the past few years about the "great deals" that are out there for those willing to do a little extra work or search a bit harder or longer. These great deals are in the foreclosure and short sale market. Well I have great news! Here is a tool that I have to help you uncover those great deals. The buttons below will lead you to perhaps your diamond in the rough or maybe some hidden treasure.
Short Sales
Real estate listings by brokerage firms other than Keller Williams Realty are marked with the Internet Data Exchange Program logo
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The buttons above lead to Short Sales but before you go any further let's give you a brief definition of what these terms mean.
- A Foreclosure is when the bank or lender takes back possession of a house due to the owners inability to remain current on their mortgage.
- A foreclosure is settled when a satisfactory offer and negotiations is agreed upon by the buyer and owner (bank).
- This can happen as quickly as regular home sales as the bank is eager to negotiate and move the property.
- A Short Sale is a property still in the possession of the most recent purchaser. Generally this owner is either behind in their payments or unable to continue to pay on their loan. Usually the owner has proved they are financially distressed and cannot market and sell the house for a price that will satisfy the total amount they still owe.
- A Short Sale is sold when an offer is agreed upon by the buyer, seller, and the bank that holds the note (usually having to agree to settle for less than owed on the mortgage).
- This can take weeks, months, or longer because often multiple offers are collected and reviewed by the bank and the mechanism to move these is not as tuned in as the foreclosure side of the bank.
It is also important to understand that in areas where these are plentiful, they are competing with the rest of the market. Those that are anxious to sell their house not in foreclosure or short sale may offering it at a competitive price.
These links are to "Foreclosures" and "Short Sales" in the respective areas.
