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WHAT IS A SHORT SALE?

A short sale can be an excellent solution for Birmingham AL homeowners who need to sell, and owe more on their homes than they are worth. There are also great opportunities for homebuyers to get an excellent deal on a home. In the past, it was rare for a bank or lender to accept a short sale. Today, however, due to overwhelming market changes, we have found that banks and lenders have become much more negotiable when it comes to these transactions. Recent changes in corporate policy and the Obama administration have also improved the chances of getting a short sale approved.

But to be technical, here's a more official definition:

  • A homeowner is 'short' when the amount owed on his/her property is higher than current market value.
  • A short sale occurs when a negotiation is entered into with the homeowner's mortgage company (or companies) to accept less than the full balance of the loan at closing. A buyer closes on the property, and the property is then 'sold short' of the total value of the mortgage.

This seems simple enough, but it is a complicated process that usually takes 60 to 90 days to close and that is why you need  the expertise of experienced short sale professionals. We are one of the few Birmingham AL Realtors to hold the Certified Distressed Property Designation and we have lots of experience helping homebuyers through the short sale process. 

Contact us anytime to learn more about purchasing a short sale property.

Short Sale Homes For Sale

All Listings $100,000 - $200,000 $200,000 - $300,000
$300,000 - $400,000 $400,000 - $500,000
Price, High to Low
17 Properties Found.
Photo of Listing #795438
  • MLS® #: 795438
  • 770 Scout Creek Trl
  • HOOVER, Alabama 35244
  • $489,900
  • 5 Bed, 5 Bath
  • Residential
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Photo of Listing #797367
  • MLS® #: 797367
  • 1101 Dunsmore Dr
  • CHELSEA, Alabama 35043
  • $345,000
  • 4 Bed, 4 Bath
  • Residential
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Photo of Listing #794866
  • MLS® #: 794866
  • 1352 Caliston Way
  • PELHAM, Alabama 35124
  • $254,000
  • 3 Bed, 3 Bath, 0.28 Acres
  • Residential
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Photo of Listing #788811
  • MLS® #: 788811
  • 328 Killough Springs Rd
  • BIRMINGHAM, Alabama 35215
  • $225,000
  • 5 Bed, 3 Bath, 1 Acre
  • Residential
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Photo of Listing #777755
  • MLS® #: 777755
  • 5852 Mcashan Ridge Rd
  • MCCALLA, Alabama 35111
  • $205,000
  • 4 Bed, 3 Bath, 0.25 Acres
  • Residential
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Photo of Listing #795744
  • MLS® #: 795744
  • 1244 Deer Trail Rd
  • HOOVER, Alabama 35226
  • $205,000
  • 3 Bed, 3 Bath, 0.34 Acres
  • Residential
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Photo of Listing #780995
  • MLS® #: 780995
  • 5144 Colonial Park Rd
  • BIRMINGHAM, Alabama 35242
  • $195,000
  • 3 Bed, 3 Bath, 1.01 Acres
  • Residential
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Photo of Listing #771854
  • MLS® #: 771854
  • 8035 Mary Alice Way
  • MCCALLA, Alabama 35111
  • $195,000
  • 4 Bed, 3 Bath, 0.2 Acres
  • Residential
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Photo of Listing #784333
  • MLS® #: 784333
  • 3633 Hunters Hill Dr
  • IRONDALE, Alabama 35210
  • $179,900
  • 3 Bed, 4 Bath, 0.68 Acres
  • Residential
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Photo of Listing #791933
  • MLS® #: 791933
  • 401 Summit Way
  • FULTONDALE, Alabama 35068
  • $172,900
  • 3 Bed, 2 Bath, 0.33 Acres
  • Residential
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Photo of Listing #760808
  • MLS® #: 760808
  • 5517 Garden Valley Ln
  • PINSON, Alabama 35126
  • $159,900
  • 4 Bed, 3 Bath
  • Residential
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Photo of Listing #766143
  • MLS® #: 766143
  • 1023 Kerry Dr
  • CALERA, Alabama 35040
  • $154,900
  • 4 Bed, 3 Bath, 0.14 Acres
  • Residential
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Photo of Listing #797077
  • MLS® #: 797077
  • 901 5th Ave Nw
  • ALABASTER, Alabama 35007
  • $150,000
  • 3 Bed, 3 Bath, 0.33 Acres
  • Residential
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Photo of Listing #797383
  • MLS® #: 797383
  • 516 Fultonbrook Dr
  • FULTONDALE, Alabama 35068
  • $142,900
  • 3 Bed, 2 Bath, 0.9 Acres
  • Residential
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Photo of Listing #798798
  • MLS® #: 798798
  • 492 Reach Dr
  • CHELSEA, Alabama 35242
  • $140,000
  • 2 Bed, 2 Bath, 0.04 Acres
  • Residential
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Photo of Listing #790153
  • MLS® #: 790153
  • 1704 10th Pl Nw
  • BIRMINGHAM, Alabama 35215
  • $139,900
  • 5 Bed, 3 Bath, 0.36 Acres
  • Residential
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Photo of Listing #798301
  • MLS® #: 798301
  • 130 Shine Dr
  • PELHAM, Alabama 35124
  • $132,900
  • 3 Bed, 2 Bath, 0.08 Acres
  • Residential
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IDX information offered by The Greater Alabama MLS®, Inc. is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and the content is not guaranteed accurate by the MLS® or The Mega Agent Real Estate Team at RE/MAX Advantage.