Welcome to one of the most comprehensive lists of short sale and foreclosure condos, townhomes & single-family homes for sale in the Ocean City, West Ocean City, and Ocean Pines area. If you're unsure of the difference between short sales and foreclosures, read our definitions just below the listings.
If you would like to make an appointment to see any of the properties listed below or any others in the Resort area, please call Dave Whittington at 410-430-5283 or send an e-mail to OCDaveW@gmail.com
View Ocean City & Ocean Pines Short Sales & Foreclosures
BRING AN OFFER! This charming cottage style home needs a new owner! Peaceful surroundings, large driveway, spacious lot, shed for extra storage, huge screened back porch, perfect summer getaway, never rented. Very good condition, some TLC and updates needed, Close to community center and park. It is a potential short sale and will need final lender approval before acceptance of any offers. Being sold As-Is. You don't want to miss this
Back on the Market! Bring all offers! Great Mid-town location. Walk to the beach & restaurants, unit located on the top floor. Great views of Ocean & Bay! Very affordable location in good condition. Storage unit underneath for each unit. Needs third party approval, BPO has been completed!
Short Sale A short sale is a sales transaction in which the seller's mortgage lender agrees to accept a payoff of less than the balance due on the loan. The home is typically being sold to prevent impending foreclosure due to mortgage default.
Foreclosure Sale/Auction This is a property that a lender has repossessed from the owner and is selling at public auction to recover the amount owed on the defaulted mortgage plus any applicable fees and expenses (also called a “Trustee Sale”).
REO REO stands for Real Estate Owned by a lender or government entity (FHA, VA, etc.). You will also hear the term “Bank Owned” in reference to such properties. REO's are most often post-foreclosure listings that come on the market after the lender or government agency was unable to sell them at auction.
The information being provided by the Coastal Association of REALTORS® is exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.The data is deemed reliable but is not guaranteed accurate by the MLS.