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Tuesday, July 14, 2015

1207 Old Cannons Lane Louisville, KY

1207 Old Cannons Lane is located near two famous parks in Louisville, Seneca and Cherokee!  The street doubles as a bike path and the Seneca loop is less than a block away. This brick ranch has been well cared for over the years and renovated ...  Read More

Wednesday, April 08, 2015

Remodeled 9609 Galene DR Louisville

9609 Galene DR in Louisville has been a complete remodel project for Steve and Jo Dobbs. We purchased this project in July 2014 and started to work. Our first item of business was replacing the roof on both the house and 1100 foot garage. While the ...  Read More


Short Sales nationwide are certainly in the news and here in Louisville KY; we have them as well.  There may even be one on your street or in your subdivision. The severity of short sale homes in Louisville would be the one thing that is different. We saw home prices in the Greater Louisville Area market go up in the 2005-2007 timeframe, but it did not skyrocket. Therefore, home prices have not had as far to fall.

Short Sales occur when there is not enough money to pay the bank from net proceeds of the home sale. Short Sales can be caused by many things. Among them; divorce, job loss, medical bills, etc. Short Sales can be complicated by the number of liens or judgments and what banks are involved. Short Sales in the Louisville market are an alternative to foreclosure. Another less talked about home sale is the Strategic Short Sale. Here a homeowner can pay the mortgage but chooses not to. Their home may have lost more value than they have equity. There is more detail on Louisville short sales here.

I have compiled several searches to narrow the focus into areas or price ranges.  The following Short Sales will be an opportunity for an investor or a bargain for a homeowner with lots of patience. You can search by the sections of Louisville that you have interest. Or, you can search for the most expensive short sales out of curiosity.

You definitely want a real estate agent that has experience with short sales in KY.

Also, on each area link, I have described the Louisville area boundaries.

All of Louisville including Jefferson, Oldham, Shelby, Spencer, and Bullitt Counties in Kentucky
Area 0 – Central Downtown District including Old Louisville
Area 1 – Downtown, Old Louisville, West Louisville, Shively
Area 2 – Butchertown, Highlands, Germantown
Area 3 – Brownsboro Road, Clifton, Crescent Hill, St. Matthews
Area 4 – Pleasure Ridge Park, Valley Station, Shively
Area 5 – Auburndale, Fairdale, Iroquois Park, Shively
Area 6 – Buechel, Highview, Okolona, Fern Creek
Area 7 – Fern Creek, Hikes Point, Jeffersontown
Area 8 – Douglas Hills, Hurstbourne, Middletown, Anchorage, St Matthews
Area 9 – Anchorage, Glenview, Lyndon, Prospect, Upper River Rd
Area 10 – Nelson County
Area 11 – Bullitt County
Area 12 – Other Counties
Area 13 – Southern Indiana
Area15 – Carroll County
Area 16 – Hardin County
Area 18 – Washington and Marion Counties
Area 19 – Spencer County
Area 20 – Oldham County North of I-71
Area 21 – Oldham County South of I-71
Area 29 – Henry County
Area 30 – Shelby County
Area 31 – Meade County
Area 34 – Trimble County
Prices to $50,000 - Greater Louisville Area
Prices $50,000 to $100,000 - Greater Louisville Area
Prices $100,000 to $200,000 - Greater Louisville Area
Prices over $200,000 - Greater Louisville Area