Short Sales IN ST. MATTHEWS, BROWNSBORO ROAD, CLIFTON, CRESCENT HILL KY
These are Short Sale homes in Area 3; which is Brownsboro Road, Clifton, Crescent Hill, and St. Matthews 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 3
This area is shaped somewhat like a triangle and has the Ohio River as its northern border. This area has the Watterson Expressway (I-264) as its eastern border. I-64 is the boundary to the south and southwest.