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Selling 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 Opportunity for Seller's

To start the process of short selling a home, home owners need to contact a Realtor that regularly handles short sales.  Protocol varies with each bank with one exception:  they all pay Realtor commissions.  Having a Realtor actively consulting short sale sellers through the process is essential.

Not all home sellers qualify for short sales, and different banks have different criteria.  Some banks require that the homeowner must be behind in payments, others do not.  The typical process goes as follows:

  • Request Hardship Packet -- some banks don't send the hardship packet until an offer is received, others will send the hardship packet instructions.
  • Write hardship letter -- letter describes what hardship exists and why the seller must sell.
  • Market home as short sale, price it low and try to attract a buyer quickly
  • Sign 3rd Party Authorization Form allowing your Short Sale Realtor to communicate with the bank.
  • Submit offer, hardship letter, hardship application, preliminary HUD1, and 3rd Party Authorization to bank for consideration.
  • Wait, Wait, Wait, Wait and Wait some more
  • Bank sends approval or rejection letter.
  • Comply with terms of approval letter and close the deal  -OR- if rejected, solicit better offer from buyer or place back on market for new buyer.

To be successful, each step in the process usually requires a great deal of work and persuasion to keep the bank, seller and buyer together.  That is why an experienced agent is needed that understands the process and has the negotiation skills necessary.  Some deals have a seperate short sale negotiator involved in addition to the listing agent.  

Highest Priced Short Sales

$449,000
4 Beds ⋅ 4 Baths ⋅ 26009419 MLS ⋅ ACTIVE UNDER CONTRACT Status
SHORT SALE OPPORTUNITY! **SOLD AS-IS** Beautiful 3 story historic Lafayette Square home. Enjoy the this unique space that offers 4 bedrooms and 4 bathrooms (2 full 2 half) with over 3000 square feet of space. This home is being sold as is and needs some repairs. Since the purchase in 2023, the current owner has made many improvements including but not limited to the 2 story deck with primary bedroom access, a new "garage-port" with power door, a new sewer lateral, and more. Great opportunity to be in Lafayette Square and make this one your own. **Buyer cannot sell this property for 90 days after ownership per PennyMac.**

1906 Lasalle St, 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
$279,999
3 Beds ⋅ 3 Baths ⋅ 26055696 MLS ⋅ ACTIVE Status
Handyman special or investor project located at 12404 Merrick Drive in Saint Louis County. Property sold strictly As-Is; seller/agent make no warranties. Short sale listing priced accordingly and subject to lender short sale approval. Allow for standard short sale processing timeframes. Submit all offers on special sale contracts with proof of funds or pre-approval.

12404 Merrick Dr, Unincorporated
$239,900
4 Beds ⋅ 3 Baths ⋅ 26032212 MLS ⋅ ACTIVE UNDER CONTRACT Status

170 Mora Blvd, O'Fallon
$200,000
3 Beds ⋅ 1 Baths ⋅ 26048775 MLS ⋅ ACTIVE UNDER CONTRACT Status
Cozily tucked away on a large lot with Tilles Park in view from your doorstep, this beautiful 3-bed, 1-bath 2.5-story is ready to be your DREAM HOME! Inside starting in the living you you are instantly welcomed by tall ceilings making everything feel airy and spacious. Continue through your separate dining room into the large kitchen with tons of gleaming white custom cabinets and appliances! Enjoy your morning coffee on the covered deck overlooking a private custom paver patio that with a little TLC will become your absolute favorite spot to entertain friends and family for the rest of summer and fall! Use the rest of the large level fenced back yard for activities or make it your own personal garden space! The main floor is completed by the full bathroom and laundry. Upstairs features two spacious bedrooms and just a little higher is the third bedroom that would be perfect for your reading nook or craft area! This home has tons of charm & character! In adorable North Hampton, this beauty is surrounded by 8 parks, near 2 golf courses, 10+ coffee shops, 5+ breweries & 100+ restaurants, this location is hard to beat! Schedule a showing to see this home today!

5612 Arthur Ave, St Louis
$189,900
3 Beds ⋅ 2 Baths ⋅ 26034135 MLS ⋅ ACTIVE Status
One or more photo(s) was virtually staged. Come and see this move-in ready three-bedroom, two-bathroom home located in the desirable Pleasant Hollow neighborhood! This residence is situated on a quiet cul-de-sac and features a functional layout designed for comfortable living. The kitchen is equipped with granite countertops and stainless steel and black appliances, creating an efficient space for cooking and entertaining. Step outside to find a private, fully fenced-in backyard, offering a secure space for outdoor activities. The property also includes an unfinished basement, providing ample storage or future potential. Ideally located, this home is just minutes from shopping, dining, and entertainment options, along with major roadways for an easy commute. Schedule your private showing today!

2322 Battlefield Dr, Florissant
$175,000
3 Beds ⋅ 2 Baths ⋅ 26006435 MLS ⋅ ACTIVE Status
SHORT SALE!!! Investor Special! Short Sale opportunity on a spacious 3-bedroom, 1.5-bath, two-story townhouse offering over 1,600 sq ft of living space plus a 1-car garage. Great layout with strong value-add potential—ideal for fix & flip or long-term rental. Property needs updating and is priced accordingly. Convenient floor plan, generous room sizes, and solid square footage make this a compelling investment. Cash or renovation loans preferred. Short sale subject to lender approval. Sold AS-IS. No repairs or credits will be made.

2284 Riverwood Trails Dr, Florissant
$174,900
3 Beds ⋅ 2 Baths ⋅ 26033111 MLS ⋅ ACTIVE Status
Seller has just started SHORT SALE with lien holder. Not yet an approved short sale. Bring your reasonable offers. Great opportunity for investor or family looking for an affordable 3BR, 2BA ranch to update and make their own. Home has a 2-car rear entry garage and a .28-acre lot with partially fenced backyard that backs up to trees for added privacy. Property is Being sold as-is; seller will not do any inspections nor make repairs. Mostly what is needed to enjoy your new home would be painting on main level, updated flooring where needed, and some minor repairs. Wood floors are in excellent shape and can easily look better and if you want to refinish them. Kitchen and baths could be updated. The lower level has been framed out and... finishing the job can be done at your own pace... to turn the bsmt into an awesome lower-level family room. Plus, there is a rough-in for a 3rd full bath in the bsmt that also needs to be finished (or removed at less cost if not needed). HANDYMAN HAS BID $1600 TO REMOVE ALL FRAMING, ELECTRIC AND BATH FIXTURES IN THE BASEMENT. There's an entry foyer that adjoins a spacious living room and leads the kitchen area with a breakfast bar and breakfast room where glass sliding doors lead to the rear entry garage with opener. The driveway can serve as a great area to entertain and have your barbeques, or for someone making a workshop out of the garage and wants some privacy. There's an extra fenced-in area behind garage for a garden or a pet. The 100amp breaker box is newer. Overland occupancy inspection will not be ordered by seller. Sidewalk in front of home. Backs to Norman Myers Park. Great central location.

2295 Woodgrass Dr, St Louis
$144,000
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. This is a possible short sale. 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. Allow 60 days for lien holder approval.

122 Cunningham Ave, St Louis
$142,500
2 Beds ⋅ 2 Baths ⋅ 26007423 MLS ⋅ ACTIVE UNDER CONTRACT Status
Short Sale Opportunity! Excellent investment opportunity with this duplex featuring two spacious 1-bedroom, 1-bath units, each offering over 1,000 square feet of living space. One unit is located on the main level and the other upstairs, providing functional layouts and strong rental potential. Situated on a level lot with convenient off-street parking. Great opportunity for investors or owner-occupants looking to build equity. Property to be sold as-is; Must have lien holder approval.

3531 Giles Ave, St Louis
$127,000
3 Beds ⋅ 1 Baths ⋅ 26028785 MLS ⋅ ACTIVE UNDER CONTRACT Status
Great opportunity on this SHORT SALE! This 3-bedroom, 1-bath home offers a functional layout with a 1-car garage and an open dining/living room combo perfect for everyday living and entertaining. The kitchen features custom cabinetry, pantry storage, and solid surface countertops. Located in the desirable Hazelwood School District attendance area. Property to be sold as-is; seller to make no repairs or inspections. Subject to lender approval.

575 Ryan Dr, Florissant
$125,000
4 Beds ⋅ 2 Baths ⋅ 26009886 MLS ⋅ ACTIVE UNDER CONTRACT Status
Short Sale Opportunity! Spacious 4-bedroom, 2 full bath ranch offering approximately 1,700 sq ft of comfortable living space. Features include a 2-car garage, cozy fireplace, and zoned air for added efficiency and comfort. Functional floor plan with generous room sizes and great potential for personalization. Being sold as-is. Subject to lender approval.

4 Milbrook Ln, Florissant
$125,000
3 Beds ⋅ 5 Baths ⋅ 26007487 MLS ⋅ ACTIVE UNDER CONTRACT Status
Short Sale Opportunity in Historic Lafayette Square! Incredible opportunity to own this spacious 3-level home offering over 3,000 square feet of living space in one of the city’s most sought-after neighborhoods. This 3-bedroom, 5½-bath residence features expansive living areas, tall ceilings, and abundant natural light throughout. The partially finished basement provides additional flexible space ideal for a recreation room, home office, or guest area. A rare 2-car detached garage adds convenience and value. Located just steps from Lafayette Park, dining, and entertainment, this property offers tremendous potential for customization and equity growth. Property to be sold as-is; Lien Holder approval required.

2620 Lafayette Ave, St Louis
$110,000
2 Beds ⋅ 1 Baths ⋅ 26019942 MLS ⋅ ACTIVE UNDER CONTRACT Status
Welcome to this completely renovated brick bungalow in the heart of South City! This home is move-in ready, perfect for a first time homebuyer OR an investor searching for a strong rental opportunity. Checking all boxes, this 2-bed 1-bath has been fully updated from top to bottom to create a modern, low-maintenance home, featuring new flooring, windows, updated kitchen, fully refreshed bathroom, and more. The 2 separate living spaces flow naturally into the updated kitchen. The primary suite, which showcases some exposed brick, adds a subtle but memorable detail. Downstairs, the partially finished basement provides a good amount of space for storage, or an extra lounge space. Bordering the park, 3308 Miami offers a peaceful setting while still being close to everything South City has to offer. With a few small finishing touches, you can bring this home to its full potential. This is an opportunity you won’t want to miss! *Please note: All offers to be reviewed and approved by bank.

3308 Miami St, St Louis
$107,000
3 Beds ⋅ 2 Baths ⋅ 26033843 MLS ⋅ ACTIVE UNDER CONTRACT Status
Introducing 855 Lilac Drive, a well-maintained 3-bedroom, 1.5-bath ranch situated on a beautiful corner lot in Florissant. Offering a functional floor plan and solid bones, this move-in ready home presents an excellent opportunity for buyers looking to build equity through cosmetic updates and make it their own. The main level features hardwood flooring throughout much of the home, a spacious living area, and an updated kitchen with refreshed cabinetry and ample storage. The partially finished lower level provides additional living space ideal for a recreation room, home office, workout area, or flex space. Outside, you’ll find a generous yard, mature landscaping, and a unique koi pond that creates a peaceful outdoor retreat. Numerous improvements have been completed over the years, reflecting the pride of ownership throughout the property. Conveniently located near shopping, restaurants, parks, and major commuter routes, 855 Lilac offers a rare opportunity to personalize a well-cared-for home without taking on a major renovation project. Property is being sold as-is and is subject to lender approval of the short sale.

855 Lilac Dr, Florissant
$100,000
3 Beds ⋅ 1 Baths ⋅ 26051832 MLS ⋅ ACTIVE UNDER CONTRACT Status

4430 Beck Ave, St Louis
$100,000
3 Beds ⋅ 1 Baths ⋅ 26025566 MLS ⋅ ACTIVE Status
Great opportunity to build sweat equity! This as-is short sale offers incredible value with a spacious layout and endless potential. Situated on a desirable corner lot, the home features oversized rooms, multiple sleeping areas across three levels, and several flexible spaces perfect for a home office or den. Enjoy a massive living room, a park-like fenced level yard, and great outdoor living with a covered patio and deck—ideal for entertaining. Additional highlights include covered off-street parking and a full walk-out basement with bonus sleeping or recreation space.Conveniently located near shopping, restaurants, and Jefferson Barracks Park. So much home—just bring your vision!

200 E Ripa Ave, St Louis
$99,500
4 Beds ⋅ 4 Baths ⋅ 26021186 MLS ⋅ ACTIVE UNDER CONTRACT Status
SHORT SALE!! – final lien approval required. Exceptional value on this 4 bed, 4 full bath home with 3,200+ sq ft! Features include entry foyer, butler pantry, eat-in kitchen with granite countertops & stainless steel appliances, vaulted ceilings, hearth room, and finished lower-level family room. Spacious primary suite with walk-in closets and double vanity. 2-car garage. Great opportunity for buyers or investors.

1165 English Saddle Rd, Florissant
$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
$90,000
3 Beds ⋅ 2 Baths ⋅ 26044676 MLS ⋅ ACTIVE UNDER CONTRACT Status
Prime location near Cherokee Street's unique dining, shopping, art galleries, and community events.This unique property offers incredible potential and may be available as a short sale. Located just steps from the vibrant shops, restaurants, and charm of Historic Cherokee Street, this home is full of character and possibilities. Originally built as a duplex and thoughtfully converted into a spacious single-family home, it features: Beautiful original woodwork Soaring tall ceilings Updated central air and forced-air heating Two full bathrooms Fenced backyard This historic home needs some work, but with the right vision, it could truly shine. Whether you're looking for your next renovation project, an investment opportunity, or a chance to restore a piece of history, this property is worth a look. Potential short sale. Sold as-is. Don't miss the chance to bring this historic gem back to life!

2849 Chippewa St, St Louis
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