Short Sales Listings for Sale Now Featured on Foreclosure.com

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Bank-approved short sale properties offer buyers and investors nationwide incredible opportunities to purchase real estate at significantly reduced prices

Banks need to sell short sale homes today, not tomorrow. So the prices often can’t be beat.

Foreclosure.com today announced that it recently added thousands of short sale properties for sale to its industry-leading, nationwide database of more than 2 million distressed real estate listings.

To search for potential short sale homes for sale in your area visit http://www.foreclosure.com/short_sale/ today.

What is a short sale property?

A short sale is a home that is for sale for less than the mortgage balance owed to the lender. It essentially short circuits the foreclosure process, allowing the distressed homeowner to sell a home that he or she can no longer afford at a price that is in-line with current market values.

And while the short sale process is often considered time-consuming, clunky and difficult, Foreclosure.com Vice President James Houston explains that the listings offered through the website are already bank-approved and ready to sell fast.

“The industry has come a long way in a relatively short amount of time in regard to short sales,” says Houston. “Banks and lenders have become increasingly more willing to set competitive sale prices even if it means doing so at a loss – the alternative (foreclosure) often costs them much more over time.”

Increased staffing, cutting-edge automation technology and government incentives, according to Houston, are the primary factors behind the latest increases in short sale closings. In fact, a recent report from the Palm Beach Post reveals that the short sale homes for sale in South Florida grew nearly 50 percent in 2010.

That’s a trend that Houston says will continue in Florida, and most likely across the board nationwide, as the short sale process continues to improve moving forward.

“Foreclosure.com only lists bank-approved short sales, meaning that we’ve eliminated the negotiation and other roadblocks that often derailed short sale deals in the past,” he said. “Banks need to sell these homes today, not tomorrow. So the prices often can’t be beat.”

Foreclosure.com already offers the most comprehensive, accurate and current collection of preforeclosure, foreclosed homes for rent-to-own, foreclosure, Sheriff sale, foreclosure auction, bank repossessed (bankruptcy), HUD homes and tax lien listings in one convenient location.

To search for potential short sale homes for sale in your area visit http://www.foreclosure.com/short_sale/ today.

About Foreclosure.com
With more than 2 million preforeclosure, short sale, foreclosure, Sheriff sale, foreclosure auction, bank repossessed (bankruptcy), HUD homes, foreclosed homes for rent to own and tax lien listings in one place, Foreclosure.com delivers America’s largest and most accurate searchable database of distressed real estate and investment property information. Based in Boca Raton, Fla., Foreclosure.com works directly with hundreds of top lending institutions and government agencies to list diverse property types on its website, as well as features listings from an extensive network of corporate sellers. As a result, the company has been recognized by high profile media outlets and prestigious non-profit industry groups alike as the number one rated distressed property listing resource available anywhere. Foreclosure.com offers much more than just real estate listings, connecting sellers, buyers and agents in one convenient location as a one-stop real estate marketplace.

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Tom Myers
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