Gulf Shores Short Sale Condos
Although it does not happen very often, short sales of Gulf Shores condos will become available on the market. A short sale occurs when the owner's selling price is less than what is owed on the mortgage of the condo. After bank pre-approvals and closing of the property, the money from the short sale will pay off the mortgage from the original lender and the remaining debt will be the financial responsibility of the owner. Not to be mistaken with a Gulf Shores condo foreclosure, a short sale is not as detrimental to a owner's credit rating and is viewed as the better option by banks. Usually, a short sale is negotiated first to prevent the property going into foreclosure. Below, we have posted all short sales available in Gulf Shores, this page continuously updates every few hours, check back often as Gulf Shores short sales usually do not last long on the market. If you are interested foreclosed or short sale condos in the Orange Beach area, you can find these listings on our Orange Beach Foreclosures and Orange Beach Short Sales pages.
For help with short sales or foreclosures, please email email@example.com or call 251-Area-Pro (251-273-2776) for immediate assistance. We can also set up automatic searches that will immediately notify you (via email) of any short sales that become available.
Gulf Shores Condo Short Sales
The data relating to real estate for sale on this website comes from the Baldwin County Association Of REALTORS®. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.
Listing information last updated on April 23rd, 2021 at 9:21am CDT.