Short Sale Homes for Sale in South Florida
Homes listed for less than the mortgage balance, with the lender's approval still to come, straight from the MLS and updated throughout the day.
A short sale is a home worth less than what is owed on it, where the lender agrees to accept the sale proceeds and release its lien for less than the full balance. The owner still owns the home and still signs the contract, but the bank has a veto over the price, the closing costs and often the commission, and it exercises it slowly. Thirty to ninety days for an answer is normal, and a second mortgage or a mortgage insurer adds another approver to the chain. Buyers who do well here are the ones who can wait, who keep their financing alive through the delay and who have not already given notice on a rental. In exchange you often get a home in far better shape than a bank-owned one, because somebody has been living in it and maintaining it the whole time.
47 listings, newest first.
$329,000
2602 E Hallandale Beach Boulevard R906, Hallandale Beach FL 33009
2 bd · 2 ba · 1,028 sq ft · Condominium$589,000
6831 Sheridan Street, Hollywood FL 33024
4 bd · 2 ba · 1,480 sq ft · Single Family Residence$259,000
251 SW 22 Place, Cape Coral FL 33991
3 bd · 2 ba · Single Family Residence$520,000
11761 SW 243rd Street, Homestead FL 33032
4 bd · 3 ba · 2,894 sq ft · Single Family Residence$280,000
3473 SW 52nd Avenue, Pembroke Pines FL 33023
2 bd · 2 ba · 1,046 sq ft · Townhouse$530,000
820 SW 49th Terrace, Margate FL 33068
3 bd · 2 ba · 1,738 sq ft · Single Family Residence$300,000
5830 NW 5th Avenue, Miami FL 33127
3 bd · 2 ba · 1,438 sq ft · Single Family Residence$225,000
1716 SW 3rd Place, Cape Coral FL 33991
3 bd · 2 ba · Single Family Residence$349,000
200 178th Drive 510, Sunny Isles Beach FL 33160
1 bd · 2 ba · 1,040 sq ft · Condominium$580,000
4245 Maggiore Way, West Palm Beach FL 33409
5 bd · 3 ba · 2,663 sq ft · Single Family Residence$400,000
4825 Dillion Street, Lake Worth FL 33463
4 bd · 3 ba · 1,625 sq ft · Townhouse
$332,100
911 UNICE Avenue, Lehigh Acres FL 33971
4 bd · 2 ba · 1,828 sq ft · Single Family Residence- $265,000
605 Riverside Drive, Greenacres FL 33463
3 bd · 3 ba · 1,260 sq ft · Townhouse $360,000
7022 SW 19th Court, North Lauderdale FL 33068
3 bd · 2 ba · 1,178 sq ft · Single Family Residence
$360,000
381 SW Lucero Drive, Port St. Lucie FL 34983
2 bd · 2 ba · 1,770 sq ft · Single Family Residence
$333,000
477 SE Asbury Lane, Port St. Lucie FL 34983
3 bd · 2 ba · 1,328 sq ft · Single Family Residence$265,000
634 SW 2nd Place, Florida City FL 33034
2 bd · 2 ba · 1,140 sq ft · Townhouse$370,000
8952 NW 38th Drive, Coral Springs FL 33065
3 bd · 3 ba · 1,473 sq ft · Townhouse$180,000
3137 Carlton Avenue, Lake Placid FL 33852
2 bd · 2 ba · 1,100 sq ft · Single Family Residence
$300,000
6801 Pensacola Road, Fort Pierce FL 34951
3 bd · 2 ba · 1,389 sq ft · Single Family Residence
$392,000
1301 SW BABCOCK Avenue, Port St. Lucie FL 34953
3 bd · 2 ba · 1,790 sq ft · Single Family Residence$225,000
231 NW 109th Avenue 209, Miami FL 33172
2 bd · 3 ba · 1,113 sq ft · Condominium$420,000
7770 Sandy Ridge Drive 239, Kissimmee FL 34747
5 bd · 5 ba · 1,726 sq ft · Townhouse
$323,000
8091 NW 12TH Street H, Margate FL 33063
3 bd · 3 ba · 1,400 sq ft · Townhouse$1,960,000
4220 NE 27th Avenue, Lighthouse Point FL 33064
3 bd · 3 ba · 2,603 sq ft · Single Family Residence
$399,999
5011 SAGO PALM Circle, Tamarac FL 33319
3 bd · 2 ba · 1,698 sq ft · Single Family Residence$375,000
1848 SE 7 Terrace 1848, Homestead FL 33034
3 bd · 3 ba · 1,712 sq ft · Townhouse$410,000
7819 SW 9th Street, North Lauderdale FL 33068
3 bd · 2 ba · 1,125 sq ft · Single Family Residence$890,000
1460 Marseille Drive, Miami Beach FL 33141
3 bd · 2 ba · 2,005 sq ft · Single Family Residence
$279,000
2574 SW DECKARD Street, Port St. Lucie FL 34953
3 bd · 2 ba · 1,080 sq ft · Single Family Residence
$475,000
140 SW Mark Court, Port St. Lucie FL 34953
4 bd · 2 ba · 2,080 sq ft · Single Family Residence$845,000
10665 SW 6 Street, Miami FL 33174
4 bd · 3 ba · 1,725 sq ft · Single Family Residence$650,000
617 NW 30th Court, Wilton Manors FL 33311
3 bd · 3 ba · 1,762 sq ft · Single Family Residence$250,000
105 NW 122nd Street, North Miami FL 33168
2 bd · 1 ba · 1,150 sq ft · Single Family Residence
$390,000
411 SW Namoit Place, Port St. Lucie FL 34953
3 bd · 2 ba · 1,207 sq ft · Single Family Residence$559,000
15809 NW 91st Court, Miami Lakes FL 33018
3 bd · 3 ba · 1,838 sq ft · Townhouse$500,000
1160 NW 20th Street, Fort Lauderdale FL 33311
3 bd · 2 ba · 1,876 sq ft · Single Family Residence
$325,000
10853 SW ELSINORE Drive, Port St. Lucie FL 34987
2 bd · 2 ba · 1,680 sq ft · Villa$890,000
5930 SW 44th Terrace, Miami FL 33155
6 bd · 2 ba · 2,138 sq ft · Single Family Residence$525,000
819 N 32nd Avenue, Hollywood FL 33021
2 bd · 2 ba · 1,164 sq ft · Single Family Residence$328,000
9454 SW Libertas Way, Port St. Lucie FL 34987
3 bd · 2 ba · 1,503 sq ft · Single Family Residence$400,000
15601 NE 15th Avenue, North Miami Beach FL 33162
3 bd · 2 ba · 1,125 sq ft · Single Family Residence$315,000
3208 SE 5th Court, Homestead FL 33033
2 bd · 3 ba · 1,224 sq ft · Townhouse$249,000
1017 NE 42nd Place, Homestead FL 33033
2 bd · 2 ba · 1,046 sq ft · Townhouse
$414,000
11065 NW Pondside Lane, Port St. Lucie FL 34987
5 bd · 3 ba · 2,409 sq ft · Single Family Residence
$275,000
628 Stanford Lane, Port St. Lucie FL 34983
3 bd · 2 ba · 1,584 sq ft · Single Family Residence
$465,000
1035 NW 2ND Avenue, Fort Lauderdale FL 33311
3 bd · 3 ba · 1,372 sq ft · Townhouse
Short Sales: Frequently Asked Questions
- How long does a short sale take?
- Plan for three to six months from contract to closing. The lender's loss-mitigation review alone typically takes thirty to ninety days, and every additional lienholder, mortgage insurer or investor approval adds to it. A short sale is the wrong purchase if you need to be in a home by a certain date.
- Is the list price the real price?
- Not necessarily. Until the lender reviews the file, the list price is the seller's agent's estimate of what the bank will take, and the bank can come back and demand more. We check whether the price has already been approved through a prior offer, which is the single best predictor of whether a short sale will actually close.
- Are short sales in better condition than bank-owned homes?
- Usually yes. The owner is still living there, the utilities are on, the appliances are in place and you get a real seller disclosure. The financial distress is in the mortgage, not necessarily in the house.
- Can I get a mortgage on a short sale?
- Yes. Because the home is generally in lendable condition, conventional, FHA and VA financing all work. The practical problem is the clock: a rate lock and a loan approval both expire, so your lender has to be one that understands short-sale timelines.
- Is a short sale the same as a pre-foreclosure?
- Most short sales are pre-foreclosures, because the owner is usually behind on payments or heading that way. The difference is that a short sale is on the market and a pre-foreclosure is often not. If you are the owner and you are behind, a short sale is one of the ways out, and we can walk you through it.
Facing foreclosure on your own home?
Selling before the judgment usually protects your credit better than losing the home at the clerk's sale, and where there is equity it puts the surplus in your pocket instead of the court registry. Find out what your home is worth today, request a cash offer, or read what your options are once you have been served.