There are currently 34 homes listed as "Short Sales" in Franklin, TN. They range in asking price from $108,500 - $999,900. 

What does Short Sale mean? 


short sale is a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property and the property owner cannot afford to repay the liens full amounts, whereby the lien holders agree to release their lien on the real estate and accept less than the amount owed on the debt. Any unpaid balance owed to the creditors is known as a deficiency. Short sale agreements do not necessarily release borrowers from their obligations to repay any deficiencies of the loans, unless specifically agreed to between the parties.

 

A short sale is often used as an alternative to foreclosure because it mitigates additional fees and costs to both the creditor and borrower. A short sale will often result in a negative credit report against the property owner, however it is less damaging than a foreclosure report.

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Below are a few examples of the current short sales: 

 

Residential MLS No. 1255202 Area 10 List Price $108,500
Status Active Type Site Built Style Ranch Media
Address 133 GRENADIER DR City FRANKLIN Zip 37064
County Williamson Sub/Dev Cadet Homes Sec 2 Gar /None
Lot Size 69 x 137 Acres Year Blt. 1977 Compl.
Est SqFt 1045 Beds 3 Full Baths 1 Half Baths 0
Close Date Pend Date Orig LP $119,900 Sales Price
Directions: FROM NASHVILLE - I-65 South to CoolSprings Blvd.West Exit ** West on CoolSprings Blvd. to end. Left on Mac Hatcher to Right on Liberty Pike to Right on Hillhaven Ln to Left on Arsenal Dr to Left on Grenadier Drive to 133 Grenadier Dr on the Right

Residential MLS No. 1303589 Area 10 List Price $249,995
Status Active Type Site Built Style Media 
Address 425 Cummins St City Franklin Zip 37064
County Williamson Sub/Dev Historic Franklin Gar /
Lot Size 48.00 x 121.00 Acres 0.140 Year Blt. 1900 Compl.
Est SqFt 1540 Beds 3 Full Baths 2 Half Baths 0
Close Date Pend Date Orig LP $249,995 Sales Price
Directions: *I65 SOUTH TO FRANKLIN/HWY 96 EXIT. TURN RIGHT ONTO HWY 96, FOLLOW INTO DOWNTOWN FRANKLIN PUBLIC SQUARE. GO 3/4 AROUND SQUARE TO MAIN STREET. MAIN STREET TO FIVE POINTS LIGHT, STARBUCKS ON THE RIGHT, LEFT ON 5TH AVENUE THEN RIGHT ON CUMMINS

Residential MLS No. 1258464 Area 10 List Price $269,900
Status Active Type Site Built Style Media 
Address 670 Watson Branch Dr City Franklin Zip 37064
County Williamson Sub/Dev Maplewood Sec 3 Gar 2/Attached - FRONT
Lot Size 87.00 x 111.00 Acres 0.180 Year Blt. 1985 Compl.
Est SqFt 2788 Beds 4 Full Baths 2 Half Baths 1
Close Date Pend Date Orig LP $279,900 Sales Price
Directions: I-65S to Hwy 96W. Turn right onto Hwy 96. Approximately 1 mile from interstate, turn left onto Sugartree. Go to deadend, turn right. Straight thru stop sign, house on left.

Requested by: MySearchForHomes Team Information believed to be accurate but not guaranteed. Buyers should independently verify all information prior to submitting any offer to purchase. RealTracs Solutions ® 
Report Date: 9/16/2011

 

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