California Condo Listings.com - Finding Short Sales

Find Short Sales

California Condominums in "Short Sale" Status

A "Short Sale" is done when a borrower owns more on their condo than the property is worth. It is still possible to purchase these homes, and gain instant equity. To avoid foreclosure, banks will often times approve a "short sale" where they forgive a portion of the debt and sells the home for less than what is owed. For banks, foreclosing is a very expensive process and they are often better off taking a "short sale" than foreclosing.

Here are links to a few resources that can help your hunt to find California Condo's for sale, listed on in Short Sale Status. You can search specifically for short sales on Zip Realty's MLS search, you can also find houses where a short sale may be approved that aren't even listed by looking at preforeclosures on RealtyTrac.com.

Search California Short Sales on the MLS in:

Purchasing Short Sales

Purchasing short sales is a little different than purchasing a traditional home. Short Sale properties are preforeclosure homes. It's not guaranteed, and takes a lot more patience. Banks must approve the short sale amount, and they are not the easiest to deal with.

There are a few fundamental differences when purchasing a Short Sale in California:

The offer needs to be accepted by both the home owner and the bank.
The offer must be as is. There will be special addendums that state that the home will not be warranted.
The lender most likely will not allow any concessions, closing costs, allowances, etc.
Deadlines mean nothing. The bank will do things at their pace.
Earnest money does not have to be deposited until after the bank accepts the offer.
There is a good chance you won't get the house even after your offer has been accepted by the owner.
Banks often wait until they have multiple offers before acting.
Short sales will only be approved by the bank if:

The borrower demonstartes that they really are suffering from a financial hardship. Distressed borrowers should complete a Freddie Mac Short Sale Hardship letter.
They usually have to have missed payments in order for the bank to work with them.

Avoid Foreclosure with Short Sales- 100% Guarnateed Results

 

Find Short Sales throught The State of California in places like:

LA County - Las Angelos Metro Area

Acton
Adelanto
Agoura
Agoura Hills
Agua Dulce
Alhambra
Altadena
Arcadia
Arleta
Artesia
Azusa
Baldwin Park
Bel Air
Bell
Bellflower
Beverly Hills
Beverlywood
Brentwood
Burbank
Calabasas
Canoga Park
Canyon Country
Carstaic
Cerritos
Chatsworth
Claremont
Compton
Covina
Cudahy
Culver City
Diamond Bar
Downey
Duarte
Eagle Rock
East LA
El Monte
El Segundo
Encino
Gardena
Glendale
Glendora
Granada Hills
Hacienda Heights
Harbor City
Hawaiian Gardens
Hawthorne
Hermosa Beach
Hidden Hills
Hollywood
Hollywood Hillls
Huntington Park
Inglewood
Kagel Canyon
La Canada Flintridge
La Crescenta
La Habra Heights
La Mirada
La Puente
La Verne
Lake Elizabeth
Lake Hughes
Lake View Terrace
Lakewood
Lancaster
Lawndale
Lennox
Leona Valley
Little Rock
Llano
Lomita
Long Beach
Los Angeles
Los Feliz
Lynwood
Malibu
Manhattan Beach
Marina Del Rey
Maywood
Mission Hills
Monrovia
Montbello
Monterey Park
Newhall
North Hills
North Hollywood
Northridge
Norwalk
Pacific Palisades
Pacoima
Palmdale
Palms Mar Vista
Palos Verdes
Panorama City
Paramount
Pasadena
Pearblossom
Pico Rivera
Playa Del Rey
Pomona
Quartz Hill
Rancho Palos Verdes
Redondo Beach
Reseda
Rolling Hills Estates
Rosemead
Rowland Heights
San Dimas
San Fernando
San Gabriel
San Marino
San Pedro
Sand Canyon
Santa Clarita
Santa Fe Springs
Santa Monica
Saugus
Shadow Hills
Sherman Oaks
Sierra Madre
Signal hill
Silver Lake
South El Monte
South Gate
South Pasadena
Stevenson Ranch
Studio City
Sun Valley
Sunland
Sunset Strip
Sylmar
Tarzana
Temple City
Toluca Lake
Topanga
Torrance
Tujunga
Valencia
Valley Glen
Valley Village
Van Nuys East
Van Nuys West
Venice
Walnut
West Covina
West Hills
West Hollywood
West Los Angeles
Westchester
Westlake Village
Westwood
Whittier
Wilmington
Winnetka
Woodland Hills

Orange County

Aliso Viejo
Anaheim
Anaheim Hills
Brea
Buena Park
Corona Del mar
Costa Mesa
Coto De Caza
Cypress
Dana Point
Fountain Valley
Fullerton
Garden Grove
Huntington Beach
Irvine
La Habra
La Palma
Ladera Rach
Laguna Beach
Laguna Hills
Laguna Niguel
Lugana Woods
Lake Forest
Los Alamitos
Midway City
Mission Viejo
Newport Beach
Newport Coast
North Tustin
Orange
Placentia
Portola hills
Rancho Santa Margarita
Rossmoor
San Clemente
San Juan Capistrano
Santa Ana
Seal Beach
Stanton
Sunset Beach
Tustin
Villa Park
Westminster
Yorba Linda

Riverside California

Aguanga
Anza
Banning
Beaumont
Bermuda Dunes
Cabazon
Calimesa
Canyon Lake
Cathedral City
Cherry Valley
Coachella
Corona
Desert Hot Springs
hemet
Homeland
Idyllwild
Indian Wells
Indio
La Quinta
Lake Elsinore
Lake Mathews
Menifee
Mira Loma
Moreno Valley
Murrieta
Norco
Palm Desert
Palm Springs
Perris
Quail Valley
Rancho Mirage
Riverside
Romoland
San Jacinto
Sun City
Temecula
Thousand Palms
Wildomar
Winchester

San Bernardino

29 Palms
Adelanto
Alta Loma
Apple Valley
Big Bear
Bloomington
Chino
Chino Hills
Colton
Crestline
El Mirage
Fontana
Grand Terrace
Helendale
Hesperia
Highland
Joshua Tree
Lake Arrowhead
Loma Linda
Lucerne Valley
Lytle Creek
Mentone
Montclair
Oak Hills
Ontario
Phelan
Pinon Hills
Rancho Cucamonga
Redlands
Rialto
San Bernardino
Sugar Loaf
Upland
Victor Valley
Victorville
Wrightwood
Yacaipa
Yucca Valley

Ventura County

Camarillo
Fillmore
Moorpark
Newbury Park
Oak Park
Ojai
Oxnard
Port Hueneme
Santa Paula
Simi Valley
Thousand Oaks
Ventura City
Westlake Village

Central Valley South

Ahwahee
Alpaugh
Arvin
Atwater
Auberry
Bakersfield
Bass Lake
Chowchilla
Clovis
Coarsegold
Delano
Delhi
Dinuba
Dos Palos
Earlimart
Exeter
Famersville
Firebaugh
Fowler
Fresno
Friant
Gustine
Hanford
Hilmar
Hornitos
Ivanhoe
Kerrman
Kingsburg
Lamont
Lemoore
Lindsay
Livingston
Los Banos
Madera
Mariposa
Mc Farland
Merced
North Fork
Oakhurst
Parlier
Pixley
Porterville
Reedley
Sanger
Selma
Shafter
Stevinson
Strathmore
Tehachapi
Terra Bella
Tipton
Tollhouse
Tulare
Visalia
Wasco
Waukena
Winton

San Diego

San Diego City
Carmel Valley San Diego
Clairemont Mesa
Del Cerro
Downtown
East
Encanto
Linda Vista
Mira Mesa
Mission Hills
Mission Valley
Normal Heights
North Park
Ocean Beach
Old Town
Otay Mesa
Pacific Beach
Paradise HillsParadise Hills
Point Loma
Rancho Bernardo
Rancho Penasquitos
San Carlos
San Diego
Scripps Miramar
University City

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