Sarasota Foreclosures

Below are bank owned properties for sale. This page is updated daily with virtual tours, photographs, descriptions, addresses and map of Sarasota foreclosures. If you would like to view any of these foreclosures please contact us. We would be happy to help you. 

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If you are looking for short sales instead of foreclosures visit our Sarasota short sale page. It is updated daily with short sale properties in Sarasota, Florida.

Sarasota Foreclosures For Sale - Updated Daily!

$500,000 - $750,000

8 Search Results Found. Showing Results 1 - 8. New Search

1350 Main St # 1703, Sarasota, 34236

$725,000
2 Beds, 2 Baths, 2232 sqft.
Sarasota, Florida. Subdivision: 1350 Main Residential

MLS# A3918944, Built in 2007

Listing information courtesy of Michael Saunders & Company.

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3603 Founders Club Dr, Sarasota, 34240

$715,000
5 Beds, 4 Baths, 4391 sqft.
Sarasota, Florida. Subdivision: Founders Club

MLS# A3922547, Built in 2007

Listing information courtesy of James M Hendrix Broker.

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5621 Gulf Of Mexico Dr # 101, Longboat Key, 34228

$699,000
2 Beds, 2 Baths, 1395 sqft.
Longboat Key, Florida. Subdivision: Salty Acres Condo

MLS# A3917401, Built in 1985

Listing information courtesy of Realtyone Florida.

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3135 Dick Wilson Dr, Sarasota, 34240

$674,900
3 Beds, 3 Baths, 3836 sqft.
Sarasota, Florida. Subdivision: Laurel Oak Ests Sec 2

MLS# A3921699, Built in 1992

Listing information courtesy of Blakeley & Associates Realty.

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680 N River Rd, Venice, 34293

$587,000
5 Beds, 3 Baths, 3825 sqft.
Venice, Florida. Subdivision: Myakka River Trails

MLS# A3921708, Built in 1999

Listing information courtesy of Signature Sothebys Internat'l.

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221 Lychee Rd, Nokomis, 34275

$586,873
5 Beds, 4 Baths, 4166 sqft.
Nokomis, Florida. Subdivision: N/a

MLS# A3921103, Built in 1960

Listing information courtesy of Re/max Tropical Sands.

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1279 Whitehall Pl, Sarasota, 34242

$563,000
3 Beds, 2 Baths, 3134 sqft.
Sarasota, Florida. Subdivision: Princes Gate

MLS# A3919353, Built in 1962

Listing information courtesy of Keller Williams On The Water.

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1140 49th E St, Palmetto, 34221

$545,000
3 Beds, 2 Baths, 1733 sqft.
Palmetto, Florida. Subdivision: Not In Subdivision

MLS# M5810255

Listing information courtesy of Keller Williams Rlty Manatee.

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Sarasota Foreclosures & Short Sale

The properties below have already gone through the foreclosure process and are owned by a bank or lender. 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. This negotiation can take a long time to accomplish. In many cases it takes months to negotiate a short sale. Be prepared to spend a lot of time and energy in a short sale negotiation. If you need to move into a home quickly it might be best to exclude short sales from your list.

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.