Park City Short Sale Homes 

Park City pre-foreclosures and short sale homes (a printable pdf file from Feb 12, 2010) take some patience, the negotiation with a seller can go quickly, but that seller is not the final say of whether or not the house can be sold at the negotiated price.  6 months to negotiate a Park City or Deer Valley short sale home is not uncommon, and potentially the bank will come back with a price much higher than the list price.

The reality of short sales is that the bank does not typically preset a price they'll take, and many of the sellers may not even qualify for a short sale, they have to have a viable hardship.  If the reason to sell short is that you don't want to touch your 401k money, or you're upside down and don't want to pay, you won't likely qualify.  Check with an attorney.  There has to be a hardship involved.  Bankruptcy is not hardship, in fact, declaring bankruptcy in the middle of doing a short sale will self destruct the transaction.

There are a variety of reasons you don't see a lot Park City properties selling on the court house steps in an auction, but the main reason is that the bank will just bid to take them back and list them on the MLS.

Are you willing to work a little harder? The Wasatch Front MLS has some short sales in the area, some are duplicates of the above properties. To get additional information on the listings, you'll have to put the MLS number from the pdf files into my Wasatch Front MLS search engine.

Pdf link to Summit County homes and Condos here, and Summit and Wasatch County Foreclosure Land Here.