Gulf Coast Alabama Short Sales
We've all seen the headlines and heard the stories in the media about the growing number of short sales and foreclosures. But what exactly do these types of properties offer the home buyer? Are there really great bargains to be found in the Gulf Coast short sales market, or is the truth behind short sales far more complicated than it might at first seem?
Read more about the short sale process, or view all Gulf Coast Alabama short sale listings below. Our listings include short sales in Gulf Shores, Orange Beach, Perdido Key, and surrounding communities.
Gulf Coast Alabama Short Sale Listings
Several Parcels Make Up The 316 Acres. Zoning Includes...
- Price:
- $15,800,000
- City:
- Foley
- Type:
- Land
- MLS® #:
- 155144
- Provider:
- Foley & Company
Several Parcels Make Up The 316 Acres. Zoning Includes R-1c, Gph, R-1a And Baldwin County District 30....
Approx. 249.5 Acre, Secluded Horse Ranch In A Prime...
- Price:
- $14,500,000
- City:
- Gulf Shores
- Type:
- Land
- MLS® #:
- 186378
- Provider:
- Realty Executives Gulf Coast
Approx. 249.5 Acre, Secluded Horse Ranch In A Prime Location For Development Potential. Located Just...
3.38 Acre Waterfront Development Lot In Orange Beach,...
- Price:
- $12,000,000
- City:
- Orange Beach
- Type:
- Land
- MLS® #:
- 181662
- Provider:
- Re/max Gulf Properties
3.38 Acre Waterfront Development Lot In Orange Beach, Al. Located Directly On Ole River In One Of The...
*priced Reduced Drastically* Planned Unit Development...
- Price:
- $12,000,000
- City:
- Gulf Shores
- Type:
- Land
- MLS® #:
- 117274
- Provider:
- Charter Landing, Inc.
*priced Reduced Drastically* Planned Unit Development Approved For 400 Units, 22 Liveable Floors, 2 Separate...
Approximately 10 Acres Located On Hwy 21 And I-65....
- Price:
- $10,500,000
- City:
- Atmore
- Type:
- Commercial
- MLS® #:
- 152025
- Provider:
- Weichert Realtors Premiere Properties - Mobile
Approximately 10 Acres Located On Hwy 21 And I-65. Property Is Adjacent To Wind Creek Casino. Perfect...
Upscale New Development For Class A Motorhomes Located...
- Price:
- $7,999,000
- City:
- Orange Beach
- Type:
- Commercial
- MLS® #:
- 168352
- Provider:
- Re/max Of Orange Beach
Upscale New Development For Class A Motorhomes Located Directly Across From The Beach!beautifully Landscaped...
Approx. 120 Acres With 4br,3ba Brick House W/pool.large...
- Price:
- $7,800,000
- City:
- Gulf Shores
- Type:
- Land
- MLS® #:
- 185222
- Provider:
- Usa Realty, Inc.
Approx. 120 Acres With 4br,3ba Brick House W/pool.large Barn And Separate Horse Stable. Acreage Is Partially...
Tract R-9 In The Highlands Of Spanish Fort. Single...
- Price:
- $7,000,000
- City:
- Spanish Fort
- Type:
- Land
- MLS® #:
- 170538
- Provider:
- H Properties Llc
Tract R-9 In The Highlands Of Spanish Fort. Single Family Development Tract In The Largest Master Planned...
Premium Parcel On Intersection Of Hwy 28 & Foley Beach...
- Price:
- $6,900,000
- City:
- Foley
- Type:
- Land
- MLS® #:
- 156095
- Provider:
- Century 21 Meyer Real Estate
Premium Parcel On Intersection Of Hwy 28 & Foley Beach Expressway. Currently Under Cultivation. Would...
Land Property in Foley, AL
- Price:
- $6,500,000
- City:
- Foley
- Type:
- Land
- MLS® #:
- 155141
- Provider:
- Foley & Company
This Incredible Home Sits On 4 Acres On The Tip Of...
- Price:
- $6,500,000
- City:
- Orange Beach
- Beds:
- 4
- Baths:
- 5
- Type:
- Single Family
- MLS® #:
- 167625
- Provider:
- Mike Martin Properties, Llc
This Incredible Home Sits On 4 Acres On The Tip Of Ono Harbor Truly The Most Prestigious Area On Ono...
Exquisite Southern Mansion On Mobile Bay. Lushly Landscaped±...
- Price:
- $6,300,000
- City:
- Fairhope
- Beds:
- 4
- Baths:
- 8
- Type:
- Single Family
- MLS® #:
- 184637
- Provider:
- Howard Properties, Inc.
Exquisite Southern Mansion On Mobile Bay. Lushly Landscaped± 2.6 Acre Gated Estate Features 200+ Year...
The Short Sale Process
Simply put, a short sale occurs when the value of the property is less than what the seller owes on it. With the decline in property values over the last several years, many sellers have found themselves 'upside-down' on their mortgages and are attempting to 'sell short' in order to prevent a foreclosure. If a seller can convince their lender to allow a short sale, the lender forgives the difference in the value and the amount outstanding — thus releasing the owner from the contract. This will often damage the seller's credit rating, but it is preferable to going into foreclosure.
The short sale process can be lengthy and requires considerable patience on the part of both the buyer and the seller. It is true that buyers can find exceptionally good prices on houses and land in the short sale market, but these bargains can come at a price measured in time and extra paperwork!
At RE/MAX of Orange Beach, we have negotiated and closed several Orange Beach, Perdido Key, and Gulf Shores short sales, and have the experience to represent you in this process. Contact Lorraine Gatti for professional assistance and advice on buying a Gulf Coast short sale home or condo.
Interested in foreclosure listings? We have the latest condo foreclosures and house foreclosures currently on the market in Baldwin County.
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IDX information is provided exclusively 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.
Listing information last updated on May 22nd, 2012 at 7:30am.