Short Sales in Southern Indiana
These are Short Sale homes in Area 13; which is Southern IN.
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.