Short Sale & Foreclosure Properties

What is a short sale?  A short sale is a sale of real estate in which the net proceeds from selling the property will fall short of the debts secured by liens against the property. In this case, if all lien holders agree to accept less than the amount owed on the debt, a sale of the property can be accomplished.  If the seller is not destitute then s(he) may have to come to the table with some money. Foreclosure is what happens when a homeowner fails to pay the mortgage. More specifically, it's a legal process by which the owner forfeits all rights to the property. If the owner can't pay off the outstanding debt, or sell the property via short sale, the property then goes to a foreclosure auction.

Looking for distressed properties for sale between Destin and Santa Rosa Beach/30A?  Click here

If you are a seller and you are in this situation, contact me for a confidential consultation to discuss your options.

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New Listings

Featured picture for the property 803336
$320,000
Fort Walton Beach, FL
2
beds
2
baths
Listing courtesy of Keller Williams Success Realty EMERALD
Featured picture for the property 803335
$669,000
Santa Rosa Beach, FL
2
beds
3
baths
Listing courtesy of ResortQuest Real Estate Seagrove Beach EMERALD
Featured picture for the property 803331
$365,000
Santa Rosa Beach, FL
3
beds
2
baths
Listing courtesy of Somers & Company EMERALD
Featured picture for the property 803325
$175,000
Miramar Beach, FL
0
beds
1
baths
Listing courtesy of SRE EMERALD
Featured picture for the property 803322
$259,000
Miramar Beach, FL
2
beds
3
baths
Listing courtesy of SRE EMERALD
Emerald Coast listings last updated Jul 18, 2018 3:37:am.

Today's Market Trends for Short Sale & Foreclosure Properties *

$964,270

-0.01%

$331

0%

1691

-0.01%

June

May

 

1707

1674

 

 

0.02%

0.03%

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* All data pertains to single-family homes