Port Orange Short Sales

Short Sale Homes for Sale in Port Orange Florida

A short sale is where the bank is willing to accept less than the value owed on the mortgage for a home. The value of the home has fallen to the point where the market value will not support the value of the mortgage. The banks are willing to accept short sale contracts because foreclosing on the home will cost them more than accepting a short sale contract.

There are many distressed properties for sale in Port Orange Florida and in the surrounding Daytona Beach and Ormond Beach areas. There are more short sales available than foreclosed homes. The short sale requires the cooperation of the seller, or mortgage holder and approval by the bank. The process can be long, but banks and mortgage lenders have been must faster in responding lately. Still short sales will take time. If you're in a rush, this is usually not your best option. Instead you may want to consider foreclosed homes.  If you're looking for foreclosure homes, go to ---> Port Orange foreclosures.

Note that these properties were tagged by the selling agents. Unfortunately, the tags are not always accurate. This is only a partial list of the short sale homes available. There are more. The problem is that I need to dig through more listings using different search tools that are not available here. Take a look at what's here, if you don't see exactly what you're looking for, call Lynn at 386-566-7503 so we can find more listings for you.

Is a Short Sale Your Best Option?

Short sales can save you a lot of money. In many cases, you will get better value from a short sale than from a bank owned (REO) or foreclosed property. However, I urge you to set a goal of getting the best value rather than targeting just short sales and foreclosures. There are sellers who are not distressed who must sell and those homes can be great values.

Port Orange Communities

Note: We are adding info on all Port Orange communities. In the meantime, call Lynn at 386-566-7503 if you need more information.

Port Orange Short Sale Listings

Below are all the homes available as tagged as short sale by local real estate agents. This is a partial list. There are more. Please call Lynn Byrne at 386-566-7503 or David Byrne at 386-566-4169 for more information on any of the homes or to have us start a search with tools available only to local real estate agents through our MLS dashboard. You can also search all Port Orange Homes for Sale.