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Wednesday, April 27, 2016

Golf Course Home in LaGrange, KY

1510 Mahogany Run Drive If tons of square footage is on your criteria list for your next home, you will want to see 1510 Mahogany Run Dr. This lovely 6,169 square foot home in GlenEagles Estates offers six large bedrooms and four and a half ...  Read More

Tuesday, March 08, 2016

10108 Cave Creek RD Louisville KY

10108 Cave Creek RD, Louisville KY is located in the community of Forest Village Patio Homes.  Since we live here, we can tell you first hand that the location is awesome! The proximity to the malls on Shelbyville Road and the shopping on ...  Read More


SHORT SALE HOMES IN LOUISVILLE KY

Short Sales nationwide are certainly in the news and here in Louisville KY; we have them as well.  There may even be one on your street or in your subdivision. The severity of short sale homes in Louisville would be the one thing that is different. We saw home prices in the Greater Louisville Area market go up in the 2005-2007 timeframe, but it did not skyrocket. Therefore, home prices have not had as far to fall.

Short Sales occur when there is not enough money to pay the bank from net proceeds of the home sale. Short Sales can be caused by many things. Among them; divorce, job loss, medical bills, etc. Short Sales can be complicated by the number of liens or judgments and what banks are involved. Short Sales in the Louisville market are an alternative to foreclosure. Another less talked about home sale is the Strategic Short Sale. Here a homeowner can pay the mortgage but chooses not to. Their home may have lost more value than they have equity. There is more detail on Louisville short sales here.

I have compiled several searches to narrow the focus into areas or price ranges.  The following Short Sales will be an opportunity for an investor or a bargain for a homeowner with lots of patience. You can search by the sections of Louisville that you have interest. Or, you can search for the most expensive short sales out of curiosity.

You definitely want a real estate agent that has experience with short sales in KY.

Also, on each area link, I have described the Louisville area boundaries.

All of Louisville including Jefferson, Oldham, Shelby, Spencer, and Bullitt Counties in Kentucky
Area 0 – Central Downtown District including Old Louisville
Area 1 – Downtown, Old Louisville, West Louisville, Shively
Area 2 – Butchertown, Highlands, Germantown
Area 3 – Brownsboro Road, Clifton, Crescent Hill, St. Matthews
Area 4 – Pleasure Ridge Park, Valley Station, Shively
Area 5 – Auburndale, Fairdale, Iroquois Park, Shively
Area 6 – Buechel, Highview, Okolona, Fern Creek
Area 7 – Fern Creek, Hikes Point, Jeffersontown
Area 8 – Douglas Hills, Hurstbourne, Middletown, Anchorage, St Matthews
Area 9 – Anchorage, Glenview, Lyndon, Prospect, Upper River Rd
Area 10 – Nelson County
Area 11 – Bullitt County
Area 12 – Other Counties
Area 13 – Southern Indiana
Area15 – Carroll County
Area 16 – Hardin County
Area 18 – Washington and Marion Counties
Area 19 – Spencer County
Area 20 – Oldham County North of I-71
Area 21 – Oldham County South of I-71
Area 29 – Henry County
Area 30 – Shelby County
Area 31 – Meade County
Area 34 – Trimble County
Prices to $50,000 - Greater Louisville Area
Prices $50,000 to $100,000 - Greater Louisville Area
Prices $100,000 to $200,000 - Greater Louisville Area
Prices over $200,000 - Greater Louisville Area