Short Sales IN SHIVELY, AUBURNDALE, IROQUOIS PARK, and FAIRDALE ky
These listings are Short Sale homes in Area 5; which is Shively, Iroquois Park, Auburndale, and Fairdale KY.
Short Sales occur when the homeowner owes more than what their home will net. They are “short”, because the bank will be taking a loss. These houses are also known as “underwater”. All of these will require bank approval.
Bank of America, Wells Fargo and Chase Bank are the lienholders that I see the most in the Louisville KY area.
A bargain can be had if one is patient enough to wait for a sale to finalize.
The borders of Greater Louisville KY- area 5
This area has the Watterson Expressway (I-264) as its northern border. The eastern border would be I-65. The Jefferson County line is the southern border. There is an arbitrary line just east of Dixie highway as its western border. Area 5 is subdivided into two sub-areas: 5A and 5B separated by the Gene Snyder (I-265). 5A is to the north or closer to downtown.