Short Sales IN DOWNTOWN, OLD louisville, & WEST LOUISVILLE ky
These listings are Short Sales in Area 1; which is Downtown, Old Louisville, West Louisville, and parts of Shively KY.
Short Sales occur when the homeowner owes more than what their home will net. They are “short” because the bank will be taking a loss. These houses are also known as “underwater”. All of these will require bank approval.
Bank of America, Wells Fargo and Chase Bank are the lienholders that I see the most in the Louisville KY area.
A bargain can be had if one is patient enough to wait for a sale to finalize.
The borders of Greater Louisville KY- area 1
The Ohio River serves as the border on the north and west. The northeast corner is a line approximating Roy Wilkins Avenue/ 9th Street and west St. Catherine. I-65 is its eastern border. The south and southwest borders would be the Watterson Expressway (I-264).