Recent decreasing home values in Renton have lead to a good number of short sale properties. Short sales happen when the existing owner owes more on their mortgage than the property can actually sell for. Short sales are often in distress. They require bank approval for a real estate transaction to actually go through. In most cases, it is better for banks to approve a short sale rather than allow a property to go through foreclosure.
Here are some of the most recent short sale listings in Renton Washington. Some of the homes listed as short sales that have been on the market for a while already have multiple offers that are awaiting bank approval.
