Profile picture for Cobrand Demo3

Jeff Brinker

XYZ Brokerage

Email: jeff@xyzbrokerage.com

Phone: (206) 555-1234

Website: www.xyzbrokerage.com

Back to Results

Tools

Partner Tools


How do I find a "short sale" on a home.

Profile picture for rpfutrell
close Profile picture for rpfutrell

rpfutrell

Contributions: 1

View full profile

I assume I have the term correct.  I want to find a home that hasn't gone into foreclosure, but right before.  Does anyone have any information or details on how to find these values?
  Flag content
Close
Report a Problem

If you find this content is in violation of our Good Neighbor Policy, please let us know and we will review it.

Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0 Yes

May 12 - Taunton
RSS

Answers (10)

Profile picture for cindylapeer
close Profile picture for cindylapeer

Cindy LaPeer, "cindylapeer"

Real Estate Agent

View my 6 listings
Contributions: 501
Zillow All-Star

Since October 2009

View full profile

There are websites such as RealtyTrac.com that will give you lists of pre-foreclosures (short sales) but most often a buyer must go through a Realtor to buy one. I've never known an individual except investors who were able to go straight to the bank to negotiate a short sale. Unfortunately, it isn't that simple. It would make our lives (Realtors, sellers, and buyers) a whole lot easier if it was!
  Flag content
Close
Report a Problem

If you find this content is in violation of our Good Neighbor Policy, please let us know and we will review it.

Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0 Yes

October 31
Profile picture for debbyboiros
close Profile picture for debbyboiros

Debby Boiros, ABR, "debbyboiros"

Real Estate Agent

View my 4 listings
Contributions: 87
Zillow All-Star

Since October 2009

View full profile

There are several ways to find a short sale.  The most obvious is to contact a REALTOR. another way is to access websites (must pay $$) to see where in the "short sale process" the home is.  It can be pre-foreclosure, or notice of default, etc..  These can be found in the newspaper or at the Registry of Deeds.
Please be advised that this process can be taxing on the buyer.  It can involve months of waiting for the lender to accept the short sale.
The easiest way is to contact a Realtor who will do the legwork for you.  A buyer agent in Massachusetts may not charge you since most times the commission will come from the sale of the property.
If you need more help, feel free to contact me. 
  Flag content
Close
Report a Problem

If you find this content is in violation of our Good Neighbor Policy, please let us know and we will review it.

Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0 Yes

October 31
Profile picture for JGib10
close Profile picture for JGib10

JGib10

Contributions: 1

View full profile

Using a buying broker is an obvious option, but what other resources are available? In other words, can a potential buyer find "short sales" through banks only? Through online listings?
  Flag content
Close
Report a Problem

If you find this content is in violation of our Good Neighbor Policy, please let us know and we will review it.

Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0 Yes

May 13
Profile picture for L Strasberg
close Profile picture for L Strasberg

Linda Strasberg, "L Strasberg"

Real Estate Agent

View my 1 listings
Contributions: 1095

View full profile

AZROB question if the "bank owned" homes are selling for 70% less than what was owed...why would a bank accept 70% less than fair market value on a short sale when an investor is buying it?  They would have to agree to sell it for free...I don't believe they'd be that foolish to accept such a low ball offer...and quite frankly I can locate buyers for a great deal on a short sale without her and get the bank a fair price.
  Flag content
Close
Report a Problem

If you find this content is in violation of our Good Neighbor Policy, please let us know and we will review it.

Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0 Yes

May 12
Profile picture for azrob
close Profile picture for azrob

Roberto Ribas, "azrob"

Real Estate Agent

View my 1 listings
Contributions: 8642
Zillow All-Star

Since January 2009

View full profile

Linda, the fact that you write that ridiculous scenario and then say "you need time to consider..." gives me serious misgivings about your understanding of real estate reality.
  Flag content
Close
Report a Problem

If you find this content is in violation of our Good Neighbor Policy, please let us know and we will review it.

Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

1 Yes

May 12
Profile picture for L Strasberg
close Profile picture for L Strasberg

Linda Strasberg, "L Strasberg"

Real Estate Agent

View my 1 listings
Contributions: 1095

View full profile

I can't figure out exactly why you want this information...I did recently receive a telephone call...they wanted to find short sales available in my market so that their investor could buy them from the bank at 70% below market value and then have me list them to sell for higher price while the negotiations are in the works with the investor so that a buyer is in place right after they get the short sale approved.  I need time to consider....I'll have to get back to them. 
  Flag content
Close
Report a Problem

If you find this content is in violation of our Good Neighbor Policy, please let us know and we will review it.

Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0 Yes

May 12
Profile picture for Massachusetts Broker
close Profile picture for Massachusetts Broker

Kristen Blanchet, "Massachusetts Broker"

Real Estate Agent

View my 16 listings
Contributions: 412

View full profile

Hi there! I can provide you with a list of available short sales if you would like to contact me through my page. Just let me know what areas you are interested in and what price range.
  Flag content
Close
Report a Problem

If you find this content is in violation of our Good Neighbor Policy, please let us know and we will review it.

Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0 Yes

May 12
Profile picture for Ecobroker Mass.
close Profile picture for Ecobroker Mass.

Sven Amirian, "Ecobroker Mass."

Real Estate Agent

View my 5 listings
Contributions: 35

View full profile

A word of caution of short sales. Most times they are anything but "short". Don't get me wrong, you can get a great deal, but the process is often very lengthy because any offer you make must get approved by the bank that holds the note. Since most banks are swamped right now it can often takes weeks to get a response. If the offer is rejected you need to get back in the cue and wait another few weeks for the second answer and so on. If you have time to browse and you are a patient person, this can be a good way to find a bargain. Just keep in mind that like a foreclosure you are still dealing with a bank not a motivated seller. Let me know if I can offer any additional insight.
  Flag content
Close
Report a Problem

If you find this content is in violation of our Good Neighbor Policy, please let us know and we will review it.

Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0 Yes

May 12
Profile picture for JenniferMarks
close Profile picture for JenniferMarks

Jennifer Marks, "JenniferMarks"

Real Estate Agent

View my 4 listings
Contributions: 76

View full profile

Where are you looking? I would be happy to help -- You must be patient but you can get some great deals. Short Sales take longer to close than traditional sales.  
  Flag content
Close
Report a Problem

If you find this content is in violation of our Good Neighbor Policy, please let us know and we will review it.

Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0 Yes

May 12
Profile picture for SeattleHome.com
close Profile picture for SeattleHome.com

Sam DeBord, "SeattleHome.com"

Real Estate Agent

View my 7 listings
Contributions: 2647
Zillow All-Star

Since February 2009

View full profile

You're going to want a real estate broker to help you out with your search.  It will take a lot of time doing research and missing out on properties on your own.
  Flag content
Close
Report a Problem

If you find this content is in violation of our Good Neighbor Policy, please let us know and we will review it.

Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0 Yes

May 12
 

Have a question? Ask it here.

What's this?
Close

By starting a discussion, you can expect more of an interactive, back-and-forth experience where the conversation can go in many different directions.

Or start a discussion

 
Most Active Taunton Real Estate Agents
Subscribe via RSS
  1. Profile picture for Diane Parker Diane Parker
    38 listings
    Local Expert
  2. Profile picture for carol sullivan carol sullivan
    13 listings
    Local Expert
  3. Profile picture for debbyboiros Debby Boiros, ABR
    4 listings
    87 contributions
  4. Profile picture for Mariepa Marie Paulsen
    36 listings
    224 contributions
  5. Profile picture for etfindhomes.com etfindhomes.com
    23 listings
    377 contributions

See more Taunton real estate agents

Related Questions
Profile picture for Cindy LaPeer
Question How do I find a "short sale" on a home.
  • Latest answer by Cindy LaPeer
  • October 31
Related Articles about Home Buying
Guide Real Estate Buyer's Closing Costs
Guide List of Closing Costs and Fees
Guide About First-Time Home Buyer Tax Credit
Guide You've Opened Escrow
Guide Picking the Best Comps
Current Last Week
Need a Mortgage?

Zillow Mortgage Marketplace

  • Competitive rates
  • Accurate, custom quotes
  • Thousands of lenders

... and, it's free and anonymous

Get instant mortgage quotes
Estimated purchase price Current mortgage balance Desired loan amount
98104

Learn about Zillow Mortgage Marketplace

Zillow Poll:
Suggested by longbeachbroker
What is most important to you about an agent website?
Next poll
Suggest a poll
Be A Good Neighbor

Zillow® Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy

© 2006-2008 Zillow.com, All Rights Reserved

pageName