Short Sale = Sale of real estate where the net proceeds from the selling the property are insufficient to pay-off the debt (or loan) on the property. Generally, the debt on a property exceeds the market value of the home. The home owner needs to convince their lender (or lien holders) to accept less than the full pay-off value of the debt.
Keep in mind, these Short Sale listings do not necessarily represent the best 'deal' in a given market. Times have changed greatly since the big housing market crash of 2007-2009. The market value of most homes in the Bay Area have met or exceeded the peak values prior to the housing crash.
Nevertheless, here is a list of the 10 most recently listed Short Sale properties to hit the market in the SF Bay Area. If you would like access to more listings, just let me know, and I'll enable a search for you. Contact me to get started!
Condo with Single Family Size Feel. Master Bedroom has its own Full Bath, Granite Kitchen Counters, Full Bath up and Half Bath on entry level. Living Room is Large to ent...