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!

$750,000 - $1,000,000

4 Search Results Found. Showing Results 1 - 4. New Search

7012 Hawks Harbor Cir, Bradenton, 34207

$950,000
4 Beds, 3 Baths, 3778 sqft.
Bradenton, Florida. Subdivision: Hawks Harbor

MLS# M5809399, Built in 2006

Listing information courtesy of Century 21 All Aces Realty.

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122 E 12th E Ave, Palmetto, 34221

$927,000
4 Beds, 4 Baths, 3302 sqft.
Palmetto, Florida. Subdivision: Riviera Dunes

MLS# M5807142, Built in 2007

Listing information courtesy of Keller Williams On The Water.

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0 Linger Lodge Rd, Bradenton, 34202

$799,000
3 Beds, 2 Baths, 1782 sqft.
Bradenton, Florida. Subdivision: No Subdivision

MLS# R4590725, Built in 1998

Listing information courtesy of Re/max Metro.

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206 12th E Ave, Palmetto, 34221

$787,000
4 Beds, 4 Baths, 3950 sqft.
Palmetto, Florida. Subdivision: Peninsula At Riviera Dunes

MLS# M5810790, Built in 2007

Listing information courtesy of Keller Williams On The Water.

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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.