Sarasota Foreclosures
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. To get up to the minute foreclosure or short sale listings sent to you via email, just click this link: Distressed Home Finder.
You can also use our Sarasota MLS search to find foreclosures and short sales. While many of these distressed sales provide a great value not all of them are good deals and can be a risky purchase. We are very experienced with these types of transactions. Shayla Twit is a Certified Foreclosure Specialist and has heled numerous people invest in these types of properties. Allison Werner are Karin Swanson are very experienced as well and can help you find a great opportunity.
| Longboat Key Foreclosures | Siesta Key Foreclosures |
| Casey Key Foreclosures | Lido Key Foreclosures |
| Bird Key Foreclosures | Downtown Sarasota Foreclosures |
| Lakewood Ranch Foreclosures |
Sarasota Foreclosures & Short Sales Within The Last 7 Days
| New Sarasota & Manatee County Foreclosures | New Longboat Key Foreclosures |
| New Siesta Key Foreclosures | New Lido Key/Bird Key/Downtown Foreclosures |
| New Lakewood Ranch Foreclosures |
Sold Foreclosures & Short Sales - See How Much They Are Selling For
| All Listings | $200,000 - $300,000 | $400,000 - $500,000 |
| $900,000 - $1,000,000 | Over $1,000,000 |
Short Sale! Location, Location, Location. Turnkey Furnished...
- Price:
- $1,850,000
- City:
- Sarasota
- Beds:
- 4
- Baths:
- 3
- Type:
- Residential
- MLS® #:
- A3954222
- Provider:
- Coldwell Banker Res R E
Short Sale! Location, Location, Location. Turnkey Furnished Home On The Canal Facing West On St. Armand's...
Enjoy Sunset (or Sunrise!) Walks On The Beach In This...
- Price:
- $499,900
- City:
- Sarasota
- Beds:
- 2
- Baths:
- 2
- Type:
- Residential
- MLS® #:
- A3954252
- Provider:
- Re/max Alliance Group
Enjoy Sunset (or Sunrise!) Walks On The Beach In This Fabulous 2 Bedroom, 2 Bath Lido Key Condo. Updated...
Prime Waterfront Real Estate On St. Armands Circle....
- Price:
- $915,000
- City:
- Sarasota
- Beds:
- 2
- Baths:
- 2
- Type:
- Residential
- MLS® #:
- A3953657
- Provider:
- Re/max Alliance Group
Prime Waterfront Real Estate On St. Armands Circle. Walk To One Of Sarasota's Finest Destinations For...
Fantastic Fannie Mae Homepath Property. Light And Bright...
- Price:
- $229,900
- City:
- Sarasota
- Beds:
- 1
- Baths:
- 2
- Type:
- Residential
- MLS® #:
- A3953122
- Provider:
- Re/max Tropical Sands
Fantastic Fannie Mae Homepath Property. Light And Bright 1bd-1.5ba Condo On Third Floor Of Lido Towers....
Short Sale! Best Value On Lido Beach! Phenomenal &...
- Price:
- $1,675,000
- City:
- Sarasota
- Beds:
- 3
- Baths:
- 3
- Type:
- Residential
- MLS® #:
- A3951468
- Provider:
- Coldwell Banker Res R E
Short Sale! Best Value On Lido Beach! Phenomenal & Forever Views Day & Night. Totally Private (drapes...
Short Sale. Super Location With Full Bay View! Exceptionally...
- Price:
- $250,000
- City:
- Sarasota
- Beds:
- 2
- Baths:
- 1
- Type:
- Residential
- MLS® #:
- M5821372
- Provider:
- Resourcerealtyusa, Llc
Short Sale. Super Location With Full Bay View! Exceptionally Spacious Waterfront Condo In A 55+ Community...
Bank Owned Property - Opportunity To Own A Resplendent...
- Price:
- $5,900,000
- City:
- Sarasota
- Beds:
- 5
- Baths:
- 6
- Type:
- Residential
- MLS® #:
- A3940117
- Provider:
- Coldwell Banker Res R E
Bank Owned Property - Opportunity To Own A Resplendent Residence In One Of The Most Sought-after Zip...
Short Sale. Close To The Beach, Restaurants And World...
- Price:
- $1,050,000
- City:
- Sarasota
- Beds:
- 3
- Baths:
- 3
- Type:
- Residential
- MLS® #:
- A3938053
- Provider:
- Michael Saunders & Company
Short Sale. Close To The Beach, Restaurants And World Class Shoppingthis Charming Renovated 3/4 Bedroom,...
Short Sale. Penthouse At The Ritz Beach Residences...
- Price:
- $1,995,000
- City:
- Sarasota
- Beds:
- 2
- Baths:
- 3
- Type:
- Residential
- MLS® #:
- A3900784
- Provider:
- Michael Saunders & Company
Short Sale. Penthouse At The Ritz Beach Residences With Direct Gulf Views Overlooking The Ritz Beach...
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 real estate 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 estaet contract and submits it the bank for approvale. 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.
