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Short Sales
A Short Sale is a situation where a Seller (1) owes more money on the loan/mortgage (and any other liens on a property) than the sale of the property will likely produce at closing and (2) is unable or unwilling to bring money to the closing to compensate for any shortfall(s) with the lender(s).
Short Sales are considered preferable to a Foreclosure because Short Sales tend to lessen the impact on surrounding property values and community, and very importantly, Short Sales will not damage the distressed homeowner's credit anywhere near as much as a Foreclosure.
Not every situation will qualify for a Short Sale. There are exceptions, but if the value of a property is less than the homeowner originally paid as a result of market conditions, it is not considered to be a "hardship" that would have most lenders accept as a qualifying Short Sale situation.
If a homeowner is aware of an existing or upcoming "hardship" situation that would require them to qualify for a Short Sale, they should contact a real estate professional as soon as possible. This will enable the homeowner to be in a better negotiating position with the lender and potentially allow a longer period to market the property and have a lender accept a Short Sale.
Some of the most common "Hardships" in today's market are:
1) Job Loss
2) Business Failure
3) Illness and Medical Costs
4) Divorce or Death of a Spouse
5) Natural Disaster
When applying for a Short Sale with a lender, it is imperative that a detailed and accurate Short Sale Package be prepared and submitted to the lender. This will include a letter from the property owner to the lender explaining their specific situation along with extensive documentation to support their case and present an accurate picture of the local real estate market. A well documented and professionally prepared Short Sale Package could make the difference of you being approved, or unfortunatley...denied by the lender.
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Nashville Area Residential Short Sale Properties
| All Listings | Under $100,000 | $100,000 - $200,000 |
| $200,000 - $300,000 | $300,000 - $400,000 | $500,000 - $600,000 |
| $600,000 - $700,000 | Over $1,000,000 |
Circa 1867, Italianate Beauty, One Of East Nashville's...
- Price:
- $2,950,000
- City:
- Nashville
- Beds:
- 4
- Baths:
- 2½
- Type:
- Residential
- MLS® #:
- 1315099
- Provider:
-
Circa 1867, Italianate Beauty, One Of East Nashville's Oldest Homes, Renovated, Roman Pool, Guest Houses,...
Award Winning Contemporary Design, Dual Staircase W/designer...
- Price:
- $1,699,000
- City:
- Nashville
- Beds:
- 5
- Baths:
- 8½
- Type:
- Residential
- MLS® #:
- 1316777
- Provider:
-
Award Winning Contemporary Design, Dual Staircase W/designer Iron & Wood, One To Media/refreshment Lounge,...
Great Green Hills - West End Location. Elegant 4 Bedroom,...
- Price:
- $657,900
- City:
- Nashville
- Beds:
- 4
- Baths:
- 3½
- Type:
- Residential
- MLS® #:
- 1299378
- Provider:
-
Great Green Hills - West End Location. Elegant 4 Bedroom, 3 1/2bath Home. Over 4,100 Sq. Ft. With Stunning...
Home In Beautiful Hillwood Area...wooded Lot..peaceful...
- Price:
- $587,500
- City:
- Nashville
- Beds:
- 4
- Baths:
- 3½
- Type:
- Residential
- MLS® #:
- 1319431
- Provider:
-
Home In Beautiful Hillwood Area...wooded Lot..peaceful & Serene...hardwood Floors...crown Moulding...beautiful...
Near Love Circle! Great Opportunity To Purchase This...
- Price:
- $399,900
- City:
- Nashville
- Beds:
- 3
- Baths:
- 2½
- Type:
- Residential
- MLS® #:
- 1319232
- Provider:
-
Near Love Circle! Great Opportunity To Purchase This Lovely Home Featuring Stainless Gourmet Kitchen,...
Seller Will Not Accept Investors Until After 12/22/2011....
- Price:
- $329,900
- City:
- Nashville
- Beds:
- 4
- Baths:
- 2
- Type:
- Residential
- MLS® #:
- 1324522
- Provider:
-
Seller Will Not Accept Investors Until After 12/22/2011. Exclusive Custom Design At Clean Air Height...
You Ll Fall In Love With This Spectacular Home In Such...
- Price:
- $325,000
- City:
- Nashville
- Beds:
- 4
- Baths:
- 5
- Type:
- Residential
- MLS® #:
- 1335015
- Provider:
-
You Ll Fall In Love With This Spectacular Home In Such A Convenient Location In The Heart Of West End!...
Tear Down: Isn't It Time You Build Your Dream Home?...
- Price:
- $319,900
- City:
- Nashville
- Beds:
- 3
- Baths:
- 2
- Type:
- Residential
- MLS® #:
- 1294159
- Provider:
-
Tear Down: Isn't It Time You Build Your Dream Home? It's No Secret Belle Meade Highlands Is, And Always...
All Brick Updated; Hardwood; New Roof/vinyl/carpet;...
- Price:
- $309,900
- City:
- Nashville
- Beds:
- 3
- Baths:
- 2
- Type:
- Residential
- MLS® #:
- 1333586
- Provider:
-
All Brick Updated; Hardwood; New Roof/vinyl/carpet; Tile Baths; Crown&chairrail Mould; New Stove/dishwasher;...
Gorgeous Floorplan W/2 Staircases * Perfect Yard &...
- Price:
- $309,900
- City:
- Nashville
- Beds:
- 4
- Baths:
- 2½
- Type:
- Residential
- MLS® #:
- 1324786
- Provider:
-
Gorgeous Floorplan W/2 Staircases * Perfect Yard & Landscaping W/lighting & Sprinkler * Huge Side-entry...
Open Floor Plan W/great Natural Sunlight. Corner Lot,...
- Price:
- $281,400
- City:
- Nashville
- Beds:
- 4
- Baths:
- 2½
- Type:
- Residential
- MLS® #:
- 1325116
- Provider:
-
Open Floor Plan W/great Natural Sunlight. Corner Lot, Privacy Fence, Open Kitchen Plan, 4 Sides Brick,side...
Unique Home In Fabulous Subdivision |huge Master Suite...
- Price:
- $275,500
- City:
- Nashville
- Beds:
- 3
- Baths:
- 2½
- Type:
- Residential
- MLS® #:
- 1327982
- Provider:
-
Unique Home In Fabulous Subdivision |huge Master Suite | Screened- In Sun Room | This Is A Fannie Mae...













