Buying St Louis Short Sale Homes

What is a 'Short Sale?'

A Short Sale takes place when homes are sold for less than the bank payoff, and the home seller does not have the funds to make up the difference.

Contrary to the ideas of some, when any home with a mortgage is sold, the note that secures the deed of trust must be released by the bank. This is an industry way of saying, THE BANK HAS TO GET THEIR MONEY. If the sale is for less than the loan payoff, and the seller can't bring enough money to closing to pay the loan off, then a short sale must take place.

The Good, The Bad, and the Ugly

Good things about short sales, is that since 2007, banks have worked to simplify the process and allow for more short sales to take place. Also, in some cases, banks have taken a more liberal definition of what constitutes a 'hardship' than they once did. Also, as a result of legislation and the National Mortgage Settlement, some banks are required to allow for more short sales.

Bad things about short sales from a buyer perspective is the time it takes to complete a sale, many Realtors don't know how to handle them, and the fact that negotiations usually don't take place.

Short sales are unpredictable and lengthy, contrary to the normal 'home buying cycle'. The time it takes to get a bank response varies with each deal, and each bank. There is no "normal" length of time because all banks have their own way of handling things.
Short sales are best handled when EVERY professional involved knows how to handle short sales. If the buyer's agent has experience, but the seller's agent doesn't, the process can be rocky and vice-versa.
Buyer's like to negotiate. They like to make lower offers and see what they can get the seller to accept. Short sales don't usually allow for that. Offers are made, usually accepted by the seller, then sent off to the bank whether or not they will be ultimately accepted.

The ugly part of buying short sales is the uncertainty and lack of consistency. Once a seller has accepted an offer and sent it to the bank, it could take one or more months for the banks to accept the offer, and several variables exist to complicate the process. The bank may accept the offer IF the seller is willing to contribute additional funds, which could end up killing the deal. Some times, buyers wait for several months, only to find out that they can't buy and the home is foreclosed on. Even if the offer is only slightly off, sometimes it is simply rejected by the bank, only to be sold for the same or close to the same price later. Sometimes there is no 'rhyme or reason' to how short sale negotiations take place.

St Louis Real Estate -- Short Sales

$229,000

3 Beds ⋅ 3 Baths ⋅ 26059479 MLS ⋅ ACTIVE Status

Welcome to this beautifully updated 3-bedroom, 3-bathroom ranch-style home nestled on a spacious 0.5-acre lot surrounded by mature trees offering peace, privacy, and the perfect blend of indoor and outdoor living. Inside finds gleaming hardwood floors and a light-filled open floor plan featuring neutral paint tones and abundant natural light. The main level boasts two large living areas separated by a charming wood-burning fireplace, a formal dining room, and a primary ensuite with private bath. Two additional bedrooms share a second full bath, and the updated kitchen includes new appliances, stylish cabinets, and direct access to the mudroom and deck. Downstairs finds a fully finished basement—an entertainer’s dream! Enjoy a spacious recreation room with built-in bar area, a third full bathroom, dedicated laundry room, and additional storage space. Exit out to a concrete patio and large backyard, perfect for gatherings, pets, or quiet evenings under the trees. Major updates include: HVAC & WH approx. 4 yrs old, sewer lateral replaced 2024, roof 2024, SS appliances approx. 3 yrs old. Home has passed occupancy but is being sold AS IS. Inspections are for buyer's knowledge only.

22 Ranchview Dr, Florissant

$15,000

5 Beds ⋅ 2 Baths ⋅ 26068297 MLS ⋅ ACTIVE UNDER CONTRACT Status

315 Superior Dr, Ferguson

$14,875

3 Beds ⋅ 2 Baths ⋅ 26067377 MLS ⋅ ACTIVE UNDER CONTRACT Status

SHORT SALE! Don't miss this outstanding opportunity to own a spacious 2-story home offering over 1,750 square feet of living space. Featuring 3 generously sized bedrooms, 2 full bathrooms, and a functional floor plan, this property provides plenty of room to create the home you've always envisioned. Situated on a level lot, the outdoor space is ideal for entertaining, gardening, play, or future enhancements. Whether you're a homeowner looking to build equity or an investor searching for your next opportunity, this property offers exceptional potential. Conveniently located near shopping, dining, parks, schools, and major highways, you'll enjoy easy access to everyday amenities. Property is being sold as-is. This is a short sale and is subject to lender approval. Buyer to verify all information, including schools, taxes, and measurements. Don't miss your chance to unlock the value and possibilities this home has to offer!

3015 Endicott Ave, St Louis

$95,000

3 Beds ⋅ 1 Baths ⋅ 26066339 MLS ⋅ ACTIVE Status

US Bank has approved a short sale at this price. This is your opportunity to own this all-brick ranch offering 2 bedrooms, 1 full bath, and many renovations throughout. The bright, inviting interior features a spacious living room, eat in kitchen, a beautifully refreshed bathroom with a newer vanity, updated lighting, and flooring. Two good sized bedrooms complete the main level. The finished lower level provides additional living space, perfect for a family room, recreation room, home office, or fitness area. Step outside to enjoy the cozy sun porch—an ideal spot for your morning coffee or just relaxing. The level, fenced backyard is perfect for entertaining, pets, and outdoor barbecues. An attached garage adds everyday convenience. Located just minutes from shopping, dining, parks, and major highways. Property being sold in AS-IS condition. Seller to do no inspections or any repairs.

10135 Jepson Dr, Bellefontaine Nghbrs

$200,000

4 Beds ⋅ 26065282 MLS ⋅ ACTIVE Status

Investor opportunity!! Unfinished construction project on this potential 3 bed, 2 bath 2 story home in Glencoe on nearly a 1/2 acre lot! Plenty of potential for this property. This would make a great addition to your rental portfolio!

2618 Maple Ave, Glencoe

$220,000

4 Beds ⋅ 2 Baths ⋅ 26065117 MLS ⋅ ACTIVE Status

Welcome to 1665 Zurich Drive! This four-bedroom, two-bath ranch offers approximately 1,661 square feet of living space in Florissant’s established Walnut Grove Hills neighborhood. Situated on a roughly quarter-acre lot, the home offers single-level living, garage parking, and outdoor space to enjoy. Four bedrooms provide flexibility for guests, a home office, or additional living needs. Bring your ideas and personal touches to make this home your own. Possible Short Sale.

1665 Zurich Dr, Florissant

$32,999

3 Beds ⋅ 2 Baths ⋅ 26062037 MLS ⋅ ACTIVE Status

Investor opportunity in Castle Point! This 3 bedroom, 2 bathroom home is being offered as-is and is ready for a buyer looking to finish a renovation project. The basement has been fully cleaned and gutted, ready for buildout. New windows and doors have already been installed throughout the home. Remaining work includes interior wall finishing and completing the renovation. A great opportunity for investors, contractors or buyers looking for a renovation project with a head start already made.

10357 Prince Dr, St Louis

$165,000

4 Beds ⋅ 3 Baths ⋅ 26061399 MLS ⋅ ACTIVE UNDER CONTRACT Status

Amazing short sale opportunity! Take advantage of incredible value with this 4-bedroom, 2.5-bathroom, 2-story home featuring a classic brick front, a 2-car garage, a full basement, and convenient main-floor laundry. The main level offers a spacious dining room, a cozy family room, a front living room, and a gourmet kitchen equipped with upgraded cabinets, granite countertops, and modern appliances. Upstairs, the primary suite includes a private bath with a dedicated shower and vanity. Enjoy additional living space in the sunroom, or step outside to the covered patio and fully fenced backyard, which backs to peaceful trees and common ground.

4097 Del Lago Dr, Florissant

$30,900

4 Beds ⋅ 2 Baths ⋅ 26060194 MLS ⋅ ACTIVE UNDER CONTRACT Status

SHORT SALE OPPORTUNITY! Spacious 4-bedroom, 1.5-bath home featuring an open floor plan with comfortable living spaces and plenty of room to spread out. The lower-level family room offers additional space for entertaining, recreation, or a cozy retreat. Enjoy the convenience of a 1-car attached garage and a level lot with great potential. A versatile layout and ample bedroom space make this home a great opportunity for buyers looking to add their personal touches and build equity. Property is being sold as a short sale and is subject to lender approval.

820 Campion Ln, Florissant

$34,900

2 Beds ⋅ 1 Baths ⋅ 26058683 MLS ⋅ ACTIVE UNDER CONTRACT Status

Welcome to this charming 2-bedroom, 1-bath ranch in South City! This inviting home offers a comfortable layout with an eat-in kitchen and convenient kitchen/dining room combination, perfect for everyday living and entertaining. Beautiful built-in bookcases add character and functionality, while the one-car detached garage provides valuable off-street parking and storage. A great opportunity to own in South City and make this home your own. Property is being offered as a short sale and is subject to lender approval. Sold as-is.

8216 Virginia Ave, St Louis

$74,900

3 Beds ⋅ 2 Baths ⋅ 26057512 MLS ⋅ ACTIVE UNDER CONTRACT Status ⋅ Northwood Estate #3 BLDG.

Short Sale Opportunity! This 2-story condo represents an incredible opportunity to buy into a fantastic community. The main level features an inviting layout, while the second story layout holds three spacious, comfortable bedrooms. Nestled in a highly-rated school district and located just minutes from Wentzville’s premier dining, shopping, and major highways, this home is a commuter’s dream.

604 Linda Ln Unit C, Wentzville

$44,900

3 Beds ⋅ 2 Baths ⋅ 26054569 MLS ⋅ ACTIVE UNDER CONTRACT Status

SHORT SALE! Charming 3-bedroom, 2-bath home on a level lot with a 1-car garage. Features include a cozy wood-burning fireplace, skylight for added natural light, and a functional kitchen with island. Great opportunity for a buyer looking to add their personal touch and build equity. Short sale—subject to lender approval.

8548 Midwood Ave, St Louis

$90,000

3 Beds ⋅ 2 Baths ⋅ 26053416 MLS ⋅ ACTIVE UNDER CONTRACT Status

Short Sale Opportunity! This home boasts incredible curb appeal with its classic brick and stone front, mature trees, and a covered porch. Step inside to find a classic interior featuring a spacious open floor plan and hardwood floors. The living room serves as the perfect gathering space, highlighted by a beautiful wood-burning fireplace with a stone surround. Just off the functional kitchen—which is packed with cabinet space, counter space, and classic ceramic tile walls—is a sun-drenched sunroom. The kitchen also provides direct access to the backyard complete with a patio for easy outdoor entertaining. Rounding out this impressive property is a one-car attached garage and a convenient basement with a 1/2 bathroom. Don’t miss out on this value-packed opportunity!

9114 Lucia Dr, St Louis

$399,900

5 Beds ⋅ 4 Baths ⋅ 26052266 MLS ⋅ ACTIVE UNDER CONTRACT Status

Opportunity knocks on this 2016 Newer Construction Home in Oakville Schools. Features over 2800sq. feet of living space with 5 Bedrooms and 4 Full Baths, 2-car garage home is ready for its new family. The main level features formal living and dining rooms, large family room with gas fireplace. The large luxury kitchen boasts 42' cabinets, a center island, a large pantry, stainless steel appliances, and ample storage. Additionally, there is a main floor laundry room. Upstairs, you will find 4 bedrooms. Your future master ensuite is sure to impress with its vaulted ceiling, luxury master bathroom, and large walk-in closet. The partially finished basement includes the 5th bedroom and a full bathroom. Enjoy the outdoors on the beautiful Deck overlooking common ground. This home is being offered as a potential Short Sale and is subject to lender approval.

3113 Cambridge View Ct, St Louis

$100,000

3 Beds ⋅ 1 Baths ⋅ 26051832 MLS ⋅ ACTIVE UNDER CONTRACT Status

4430 Beck Ave, St Louis

$139,900

3 Beds ⋅ 2 Baths ⋅ 26050882 MLS ⋅ ACTIVE Status

Charm, space, and thoughtful updates come together in this exceptionally well-maintained home. This property offers 3 bedrooms, 2 bathrooms, nice laminate flooring throughout, a spacious living area, and an updated kitchen perfect for everyday living and entertaining. The upper level features a master suite with its own sitting room, creating the perfect retreat at the end of the day. Additional bedrooms and a full bathroom provide flexibility for guests, family, or a home office. The partially finished walk-out basement adds valuable space and storage, along with an additional storage shed for added convenience. Enjoy the large lot with plenty of room for outdoor activities, entertaining, or simply relaxing. Approved short Sale , all we need is your offer. Property to be sold as-is seller will make no repairs or provide occupancy. All offers to be presented on a special sales contract, provide proof of funds or pre-approval with all offers. Allow 48 hours for sellers response.

122 Cunningham Ave, St Louis

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Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.

Buying St Louis Short Sale Homes

The Good, The Bad, and the Ugly

St Louis Real Estate -- Short Sales

How much is your home worth?

How much is your home worth?