Following is a daily updated list of Short Sales in the East Bay. NOTE: If you would like to sort these by a community, price, size, etc. use the "Advanced Search" tab above and select the search criteria you prefer.
A "Short Sale" is the sale of a property for a listing price that is less then the amount of indebtedness on the property. Such a sale requires both the seller and the lien holder or other parties with an interest in the property, to agree on the final sales price and terms. As a result, these sales can take longer to close due to the number of parties required to agree to the terms. Additionally, many lenders will require qualifications on the terms that may not support a buyers needs, such as no contingency to sell another home, being sold "as is", limited willingness to make repairs, etc.
Though these can be "good values" for the local market they are in, but the Buyer must be aware they are "non-conventional" sales and as a result require careful due diligence from the Buyer. It is advised that the Buyer seek an experienced Buyer's Agent and have additional resources available, such as attorney's, inspectors, and lenders to assist them in in their purchase.
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