Garden Grove New Homes For Sale

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Search 19,687 Garden Grove New homes for sale on the MLS. View recent sales and find homes for sale in Garden Grove which allow for a 50% commission credit.

Garden Grove Real Estate Listings

Search homes for sale in Garden Grove through our MLS powered real estate search. Find and compare homes, condos, and land for sale in Garden Grove. Visit open houses or schedule a tour online with one of our partner agents. When you’re ready to make an offer on a Garden Grove New home, you’ll receive a 50% commission credit when you submit your offer online with OfferDash®.

Homes For Sale in Garden Grove by Zip Code

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Hottest Real Estate Listings in Garden Grove


Active
  • Located in Garden Grove
  • Built in 1978
  • MLS #: OC24073499
  • 4 Bedrooms
  • 2 Baths
  • 1,491 SqFt
More details Listing by Sharon Tran, First Team Real Estate

Active
  • Located in Garden Grove
  • Built in 1956
  • MLS #: PW24042748
  • 3 Bedrooms
  • 3 Baths
  • 1,724 SqFt
More details Listing by Tiffany Phamthai, RE/MAX College Park Realty

Active
  • Located in Garden Grove
  • Built in 1949
  • MLS #: PW24071566
  • 5 Bedrooms
  • 3 Baths
  • 2,605 SqFt
More details Listing by Karen Kwon, Circa Properties, Inc.

Active
  • Located in Garden Grove
  • Built in 1955
  • MLS #: DW24055942
  • 3 Bedrooms
  • 2 Baths
  • 1,533 SqFt
More details Listing by Benito Chavez, Amberwood Real Estate

Active
  • Located in Garden Grove
  • Built in 2013
  • MLS #: PW24057706
  • 5 Bedrooms
  • 4 Baths
  • 2,992 SqFt
More details Listing by David Nguyen, L.S. Gateway Realtors

Pending
  • Located in Garden Grove
  • Built in 1954
  • MLS #: OC24057521
  • 3 Bedrooms
  • 2 Baths
  • 1,710 SqFt
More details Listing by Andy Yang, Re/Max Premier Realty

Active
  • Located in Garden Grove
  • Built in 1957
  • MLS #: OC24076087
  • 3 Bedrooms
  • 2 Baths
  • 1,055 SqFt
More details Listing by Michele DeVeyra-Todd, Keller Williams Realty

Active
  • Located in Garden Grove
  • Built in 1958
  • MLS #: OC24076157
  • 3 Bedrooms
  • 3 Baths
  • 2,671 SqFt
More details Listing by Michael Saulus, Keller Williams Realty Irvine

Active
  • Located in Garden Grove
  • Built in 1959
  • MLS #: PW24073458
  • 3 Bedrooms
  • 2 Baths
  • 1,353 SqFt
More details Listing by Christina Hawkins, Coldwell Banker Realty

Active
  • Located in Garden Grove
  • Built in 1953
  • MLS #: PW24073635
  • 3 Bedrooms
  • 2 Baths
  • 1,184 SqFt
More details Listing by Jason Clayton, Clayton Properties

Active
  • Located in Garden Grove
  • Built in 1963
  • MLS #: PW24069090
  • 3 Bedrooms
  • 2 Baths
  • 1,696 SqFt
More details Listing by Mackenzie Grisetti, Circa Properties, Inc.

Active
  • Located in Garden Grove
  • Built in 2006
  • MLS #: PW24068836
  • 4 Bedrooms
  • 4 Baths
  • 3,151 SqFt
More details Listing by Rey Garcia, Re/Max Terrasol

Active
  • Located in Garden Grove
  • Built in 1952
  • MLS #: OC24034097
  • 3 Bedrooms
  • 2 Baths
  • 1,760 SqFt
More details Listing by Tracey Ireland, First Title Realty Inc

Active
  • Located in Garden Grove
  • Built in 1955
  • MLS #: PW21102001
  • 3 Bedrooms
  • 2 Baths
  • 1,131 SqFt
More details Listing by Syed Khurrum, TownSquare Realtors Inc.

Pending
  • Located in Garden Grove
  • Built in 1957
  • MLS #: PW24060711
  • 3 Bedrooms
  • 3 Baths
  • 2,860 SqFt
More details Listing by Wes Nguyen, Option Real Estate

Active
  • Located in Garden Grove
  • Built in 1963
  • MLS #: RS24073083
  • 3 Bedrooms
  • 2 Baths
  • 1,829 SqFt
More details Listing by Yvonne Dowland, My Realty

Active
  • Located in Garden Grove
  • Built in 1981
  • MLS #: OC24073662
  • 1 Bedrooms
  • 1 Bath
  • 600 SqFt
More details Listing by Cherie Lucas, First Team Real Estate

Pending
  • Located in Garden Grove
  • Built in 1980
  • MLS #: PW24067556
  • 2 Bedrooms
  • 2 Baths
  • 1,254 SqFt
More details Listing by Kate Nash, First Team Real Estate

Active
  • Located in Garden Grove
  • Built in 1959
  • MLS #: CV24063479
  • 3 Bedrooms
  • 2 Baths
  • 1,263 SqFt
More details Listing by Yong Yi, FIRST TEAM REAL ESTATE

Pending
  • Located in Garden Grove
  • Built in 1973
  • MLS #: PW24027883
  • 3 Bedrooms
  • 3 Baths
  • 1,404 SqFt
More details Listing by Sondra Frank, First Team Real Estate

Pending
  • Located in Garden Grove
  • Built in 1973
  • MLS #: PW23231545
  • 3 Bedrooms
  • 2 Baths
  • 1,385 SqFt
More details Listing by Jon Perez, First Team Real Estate

Pending
  • Located in Garden Grove
  • Built in 2007
  • MLS #: PW23084280
  • 3 Bedrooms
  • 2 Baths
  • 1,343 SqFt
More details Listing by Andrew Fomai, First Team Real Estate

Active
  • Located in Garden Grove
  • Built in 1917
  • MLS #: PW23062785
  • 6 Bedrooms
  • 4 Baths
  • 3,881 SqFt
More details Listing by Cindy Tran, Golden Gates Realty & Invest

Pending
  • Located in Garden Grove
  • Built in 2019
  • MLS #: IV24031160
  • 4 Bedrooms
  • 4 Baths
  • 2,581 SqFt
More details Listing by SCOTT TUCKER, PROVIDENCE REALTY

Active
  • Located in Garden Grove
  • Built in 1960
  • MLS #: PW24075320
  • 4 Bedrooms
  • 2 Baths
  • 1,119 SqFt
More details Listing by Andrew Yang, eXp Realty of California Inc

Active
  • Located in Garden Grove
  • Built in 1986
  • MLS #: IG24072535
  • 5 Bedrooms
  • 4 Baths
  • 2,270 SqFt
More details Listing by Julia Calderon, Keller Williams Realty

Active
  • Located in Garden Grove
  • Built in 1962
  • MLS #: PW24070819
  • 4 Bedrooms
  • 2 Baths
  • 1,400 SqFt
More details Listing by Jennifer Tackney, GMT Real Estate

Active
  • Located in Garden Grove
  • Built in 1963
  • MLS #: PW24064612
  • 4 Bedrooms
  • 2 Baths
  • 1,539 SqFt
More details Listing by Jennifer Tackney, GMT Real Estate

Active
  • Located in Garden Grove
  • Built in 1954
  • MLS #: OC23196541
  • 5 Bedrooms
  • 3 Baths
  • 2,300 SqFt
More details Listing by Tammy Vo, Advance Estate Realty

Active
  • Located in Garden Grove
  • Built in 1956
  • MLS #: OC24059096
  • 3 Bedrooms
  • 2 Baths
  • 1,578 SqFt
More details Listing by Justin Tye, Real Broker

Active
  • Located in Garden Grove
  • Built in 1954
  • MLS #: PW24073764
  • 4 Bedrooms
  • 2 Baths
  • 1,750 SqFt
More details Listing by Theresa Nguyen, OC Realty & Investments

Active
  • Located in Garden Grove
  • Built in 1957
  • MLS #: OC24074458
  • 3 Bedrooms
  • 2 Baths
  • 2,070 SqFt
More details Listing by Beau Beardslee, Pacific Sotheby's Int'l Realty

Active
  • Located in Garden Grove
  • Built in 1953
  • MLS #: PW24072854
  • 3 Bedrooms
  • 1 Bath
  • 925 SqFt
More details Listing by Danny Pham, New Empire Realty

Active
  • Located in Garden Grove
  • Built in 1947
  • MLS #: 24377585
  • 3 Bedrooms
  • 1 Bath
  • 1,134 SqFt
More details Listing by Gabriel Valdez, Opendoor Brokerage Inc.

Active
  • Located in Garden Grove
  • Built in 1953
  • MLS #: IV24055744
  • 3 Bedrooms
  • 2 Baths
  • 1,778 SqFt
More details Listing by ELAINE HOLMES, Wheeler Steffen Sotheby's International Realty

Active
  • Located in Garden Grove
  • Built in 1928
  • MLS #: PW24045300
  • 4 Bedrooms
  • 2 Baths
  • 3,154 SqFt
More details Listing by Thuy Tran, Superior Real Estate Group

Active
  • Located in Garden Grove
  • Built in 1955
  • MLS #: OC24061948
  • 3 Bedrooms
  • 2 Baths
  • 1,131 SqFt
More details Listing by Syed Khurrum, Ashby & Graff

Active
  • Located in Garden Grove
  • Built in 1962
  • MLS #: PW24073124
  • 4 Bedrooms
  • 3 Baths
  • 1,876 SqFt
More details Listing by Kelly Laule, Better Living SoCal

Active
  • Located in Garden Grove
  • Built in 1987
  • MLS #: OC24062542
  • 2 Bedrooms
  • 2 Baths
  • 851 SqFt
More details Listing by John Tran, NextGen Team Realty

Pending
  • Located in Garden Grove
  • Built in 1974
  • MLS #: TR24032280
  • 2 Bedrooms
  • 2 Baths
  • 1,392 SqFt
More details Listing by Richard Duong, PPS Realty

Pending
  • Located in Garden Grove
  • Built in 1956
  • MLS #: TR24043471
  • 3 Bedrooms
  • 3 Baths
  • 1,776 SqFt
More details Listing by Guowei Feng, Universal Elite Inc.

Active
  • Located in Garden Grove
  • Built in 1957
  • MLS #: PW24073950
  • 4 Bedrooms
  • 3 Baths
  • 1,500 SqFt
More details Listing by Brenda Truong, Winland Realty & Mortgage, Inc

Pending
  • Located in Garden Grove
  • Built in 1952
  • MLS #: OC24041323
  • 3 Bedrooms
  • 2 Baths
  • 1,674 SqFt
More details Listing by Jason Ma, RE/MAX TerraSol

Active
  • Located in Garden Grove
  • Built in 1958
  • MLS #: OC24070762
  • 4 Bedrooms
  • 2 Baths
  • 1,303 SqFt
More details Listing by Tom Vo, Keller Williams Realty

Pending
  • Located in Garden Grove
  • Built in 1955
  • MLS #: PW24065793
  • 3 Bedrooms
  • 2 Baths
  • 1,380 SqFt
More details Listing by Robert Kugh, Center Trust Realty

Active
  • Located in Garden Grove
  • Built in 1954
  • MLS #: PW24067427
  • 4 Bedrooms
  • 2 Baths
  • 2,147 SqFt
More details Listing by Nicole Vu, Compass Newport Beach

Active
  • Located in Garden Grove
  • Built in 1959
  • MLS #: PW24062077
  • 4 Bedrooms
  • 3 Baths
  • 1,623 SqFt
More details Listing by Jennifer Tackney, GMT Real Estate

Active
  • Located in Garden Grove
  • Built in 1953
  • MLS #: OC24045350
  • 3 Bedrooms
  • 2 Baths
  • 1,263 SqFt
More details Listing by Elizabeth Do, Keller Williams Realty

Active
  • Located in Garden Grove
  • Built in 1927
  • MLS #: PW24014558
  • 5 Bedrooms
  • 5 Baths
  • 2,500 SqFt
More details Listing by Lan Nguyen, Saigon Realty

Pending
  • Located in Garden Grove
  • Built in 1953
  • MLS #: PW24058455
  • 3 Bedrooms
  • 2 Baths
  • 1,659 SqFt
More details Listing by Alex Thinh, Smart Choice Realty

Active
  • Located in Garden Grove
  • Built in 1953
  • MLS #: PW24068814
  • 3 Bedrooms
  • 3 Baths
  • 1,780 SqFt
More details Listing by Tien Nguyen, New Empire Realty

Pending
  • Located in Garden Grove
  • Built in 1957
  • MLS #: OC24063908
  • 3 Bedrooms
  • 2 Baths
  • 1,374 SqFt
More details Listing by Elizabeth Do, Keller Williams Realty

Pending
  • Located in Garden Grove
  • Built in 1957
  • MLS #: 24373045
  • 3 Bedrooms
  • 3 Baths
  • 1,599 SqFt
More details Listing by Orit Gadish, Geffen Real Estate

Pending
  • Located in Garden Grove
  • Built in 1963
  • MLS #: PW23156972
  • 4 Bedrooms
  • 2 Baths
  • 1,430 SqFt
More details Listing by Joe De La Torre, Legends Realty

Active
  • Located in Garden Grove
  • Built in 1971
  • MLS #: OC24071677
  • 3 Bedrooms
  • 2 Baths
  • 1,264 SqFt
More details Listing by Brian Wollner, Coldwell Banker Realty

Active
  • Located in Garden Grove
  • Built in 1954
  • MLS #: PW24071665
  • 8 Bedrooms
  • 6 Baths
  • 2,927 SqFt
More details Listing by Richard Le, Frontier Realty Inc

Active
  • Located in Garden Grove
  • Built in 1956
  • MLS #: PW24069786
  • 3 Bedrooms
  • 2 Baths
  • 1,485 SqFt
More details Listing by Karen Tran, HPT Realty

Active
  • Located in Garden Grove
  • Built in 2007
  • MLS #: PW24039534
  • 2 Bedrooms
  • 3 Baths
  • 1,677 SqFt
More details Listing by Kyungae Yoon, Coldwell Banker Best Realty

Pending
  • Located in Garden Grove
  • Built in 1955
  • MLS #: PW24067024
  • 3 Bedrooms
  • 2 Baths
  • 1,266 SqFt
More details Listing by Adam Lindholm, Century 21 Masters

Active
  • Located in Garden Grove
  • Built in 1957
  • MLS #: PW23205807
  • 4 Bedrooms
  • 3 Baths
  • 2,171 SqFt
More details Listing by A.J Yue, Lenders Rate Approval.com Corp

Active
  • Located in Garden Grove
  • Built in 1984
  • MLS #: PW24064551
  • 2 Bedrooms
  • 2 Baths
  • 894 SqFt
More details Listing by Kyoung Lee, Realty One Group Homelink

Active
  • Located in Garden Grove
  • Built in 1954
  • MLS #: PW24069825
  • 3 Bedrooms
  • 4 Baths
  • 1,984 SqFt
More details Listing by Richard Le, Frontier Realty Inc

Pending
  • Located in Garden Grove
  • Built in 1958
  • MLS #: PW23225834
  • 6 Bedrooms
  • 4 Baths
  • 2,400 SqFt
More details Listing by Tino Pham, GMT Real Estate

Pending
  • Located in Garden Grove
  • Built in 1955
  • MLS #: PW24045165
  • 3 Bedrooms
  • 2 Baths
  • 1,305 SqFt
More details Listing by Tiffany Phamthai, RE/MAX College Park Realty

Active
  • Located in Garden Grove
  • Built in 1954
  • MLS #: OC24008420
  • 8 Bedrooms
  • 4 Baths
  • 2,660 SqFt
More details Listing by Hien Nguyen, HPT Realty

Pending
  • Located in Garden Grove
  • Built in 1977
  • MLS #: PW24015029
  • 3 Bedrooms
  • 2 Baths
  • 1,348 SqFt
More details Listing by Serena Khoo, Wedgewood Homes Realty

Pending
  • Located in Garden Grove
  • Built in 1962
  • MLS #: PW23228055
  • 4 Bedrooms
  • 2 Baths
  • 1,748 SqFt
More details Listing by Daryl Owen, eXp Realty of Greater Los Angeles

Active
  • Located in Garden Grove
  • Built in 1986
  • MLS #: OC24048786
  • 1 Bedrooms
  • 1 Bath
  • 847 SqFt
More details Listing by Diane Phuong Bui, HPT Realty

Pending
  • Located in Garden Grove
  • Built in 1983
  • MLS #: OC24043116
  • 3 Bedrooms
  • 3 Baths
  • 1,271 SqFt
More details Listing by Benny Huynh, Advance Estate Realty

Pending
  • Located in Garden Grove
  • Built in 1955
  • MLS #: WS24046752
  • 4 Bedrooms
  • 2 Baths
  • 1,415 SqFt
More details Listing by DENNIS LIN, IRN REALTY

Pending
  • Located in Garden Grove
  • Built in 2000
  • MLS #: OC24043113
  • 3 Bedrooms
  • 3 Baths
  • 1,490 SqFt
More details Listing by Ryan Donguyen, Homelending Real Estate Inc.

Active
  • Located in Garden Grove
  • Built in 1948
  • MLS #: PW24034382
  • 6 Bedrooms
  • 4 Baths
  • 2,163 SqFt
More details Listing by Jeannie Nguyen, Superior Real Estate Group

Pending
  • Located in Garden Grove
  • Built in 1948
  • MLS #: IG23188249
  • 9 Bedrooms
  • 5 Baths
  • 4,987 SqFt
More details Listing by Seth Swett, Century 21 Masters

Pending
  • Located in Garden Grove
  • Built in 1955
  • MLS #: OC24056645
  • 4 Bedrooms
  • 3 Baths
  • 2,277 SqFt
More details Listing by Mary Nguyen, Capital Management Realty, Inc

Pending
  • Located in Garden Grove
  • Built in 1955
  • MLS #: PW24058072
  • 3 Bedrooms
  • 2 Baths
  • 1,447 SqFt
More details Listing by Cindy Tran, Golden Gates Realty & Invest

Pending
  • Located in Garden Grove
  • Built in 1957
  • MLS #: PW24063870
  • 3 Bedrooms
  • 2 Baths
  • 1,564 SqFt
More details Listing by Luz Greenemeier, A Plus Realtors

Pending
  • Located in Garden Grove
  • Built in 1978
  • MLS #: PW24051967
  • 2 Bedrooms
  • 2 Baths
  • 1,385 SqFt
More details Listing by Kim Diep, Century 21 Discovery

Active
  • Located in Garden Grove
  • Built in 2007
  • MLS #: CV24005124
  • 2 Bedrooms
  • 2 Baths
  • 1,117 SqFt
More details Listing by Samuel Ramey, RE/MAX TIME REALTY

Pending
  • Located in Garden Grove
  • Built in 1979
  • MLS #: OC24043119
  • 3 Bedrooms
  • 2 Baths
  • 1,538 SqFt
More details Listing by Benny Huynh, Advance Estate Realty

Pending
  • Located in Garden Grove
  • Built in 1954
  • MLS #: OC24059118
  • 4 Bedrooms
  • 2 Baths
  • 1,769 SqFt
More details Listing by Jason Salata, Trust Properties USA

Active
  • Located in Garden Grove
  • Built in 1954
  • MLS #: PW24029140
  • 3 Bedrooms
  • 1 Bath
  • 938 SqFt
More details Listing by Melissa Alvarado, eHomes

Pending
  • Located in Garden Grove
  • Built in 1981
  • MLS #: PW24053280
  • 3 Bedrooms
  • 3 Baths
  • 1,254 SqFt
More details Listing by Brian Tra, Pacific Realty & Finance

Pending
  • Located in Garden Grove
  • Built in 1982
  • MLS #: PW24046678
  • 3 Bedrooms
  • 3 Baths
  • 1,271 SqFt
More details Listing by Eduardo Vargas, Seven Gables Real Estate

Pending
  • Located in Garden Grove
  • Built in 1968
  • MLS #: PW24043882
  • 3 Bedrooms
  • 2 Baths
  • 1,472 SqFt
More details Listing by Jennifer Tackney, GMT Real Estate

Active
  • Located in Garden Grove
  • Built in 1957
  • MLS #: DW23180225
  • 4 Bedrooms
  • 3 Baths
  • 2,632 SqFt
More details Listing by Christopher Arias, Keller Williams SELA

Active
  • Located in Garden Grove
  • Built in 1955
  • MLS #: PW24058274
  • 3 Bedrooms
  • 2 Baths
  • 2,053 SqFt
More details Listing by Tien Nguyen, New Empire Realty

Active
  • Located in Garden Grove
  • Built in 1978
  • MLS #: PW24059781
  • 5 Bedrooms
  • 3 Baths
  • 1,957 SqFt
More details Listing by Truc Truong, Superior Real Estate Group

Pending
  • Located in Garden Grove
  • Built in 1962
  • MLS #: PW24026887
  • 3 Bedrooms
  • 2 Baths
  • 1,307 SqFt
More details Listing by Jennifer Tackney, GMT Real Estate

Pending
  • Located in Garden Grove
  • Built in 2017
  • MLS #: OC24041211
  • 3 Bedrooms
  • 3 Baths
  • 2,129 SqFt
More details Listing by Lai Cheng Liew, HPT Realty

Pending
  • Located in Garden Grove
  • Built in 1958
  • MLS #: 240004681SD
  • 3 Bedrooms
  • 2 Baths
  • 1,081 SqFt
More details Listing by Ryan Donigan, Utopia Real Estate

Active
  • Located in Garden Grove
  • Built in 1955
  • MLS #: PW24032485
  • 4 Bedrooms
  • 3 Baths
  • 1,500 SqFt
More details Listing by Sean Dezahd, Keller Williams Legacy

Pending
  • Located in Garden Grove
  • Built in 1964
  • MLS #: PW24022775
  • 4 Bedrooms
  • 2 Baths
  • 1,859 SqFt
More details Listing by Jennifer Tackney, GMT Real Estate

Pending
  • Located in Garden Grove
  • Built in 1955
  • MLS #: PW19210698
  • 3 Bedrooms
  • 2 Baths
  • 2,414 SqFt
More details Listing by Fernando Zamilpa, Coldwell Banker Alliance

Active
  • Located in Garden Grove
  • Built in 1952
  • MLS #: PW24023932
  • 5 Bedrooms
  • 4 Baths
  • 2,208 SqFt
More details Listing by Brenda Truong, Winland Realty & Mortgage, Inc

Active
  • Located in Garden Grove
  • Built in 1953
  • MLS #: 24350921
  • 4 Bedrooms
  • 2 Baths
  • 1,775 SqFt
More details Listing by Martin Hernandez, Real Broker

This information is believed to be accurate, but without any warranty.

Open Houses in Garden Grove

If you’re in the market for a new home or just love staying current with what’s on the market, check out the list of Garden Grove open houses happening this weekend. We can help you plan a day to tour homes for sale that are having an open house. When browsing homes for sale in Garden Grove, just hit the save button and build your open house list of homes you want to tour. If you’re not finding any open house options on a property you want to tour, our local Partner Agents can schedule a private tour for you.

Making an Offer to Buy a Home in Garden Grove

We’ve automated the home buying and selling process in order to save thousands for buyers and sellers. Once you’ve found the Garden Grove New home for sale that you want to buy, just enter the address in our offer submission form and we’ll automatically draft a legal offer within minutes. In return, you’ll receive a 50% commission credit back for closing costs.

Garden Grove New Home Values

Determining your Garden Grove New home’s value is a 3 step process. A great way to begin is by checking your property value using our automated home valuation software. This free tool can help you determine what your home might sell for and even calculates estimated rental income it could generate by leasing out your property. To begin the process of determining your Homes value, start a free instant home valuation.

Garden Grove Foreclosures

If you’re looking to purchase a Garden Grove New home for sale at a bargain price, foreclosures can often be a great opportunity for experienced investors. If a homeowner defaulted on their mortgage and is unable to pay off their debt before their home auction date, the property will revert back to the lender through the Garden Grove foreclosure process. Once a home has been foreclosed on, it will either be sold off in bulk by the bank or listed with an agent who will add to the MLS. Prior to entering into the MLS, it is often only possible to purchase a foreclosure if you have cash. However, once the property comes on the market through the Garden Grove MLS, there is typically preference within the first 2 weeks to FHA or other government-backed mortgages; if the prior loan foreclosed on was a government-backed mortgage.

Garden Grove Short Sales

If a homeowner is having difficulty paying their mortgage and their Garden Grove New home value has gone down below their mortgage amount, they may be considering a short sale. When a seller lists their Garden Grove New home for sale as a short sale, they accept only one offer and submit it to their bank with a short sale package requesting mortgage debt relief. If their lender approves a short sale, they will inform the seller of the minimum net proceeds the bank will take in order to write off the sellers defaulted debt. It is often difficult to reduce the lenders’ short sale approval amount once the lender has made their decision. On loans with mortgage insurance, the lender’s losses are often covered by their insurance up to a certain amount. If a lender accepts a short sale they are likely to not receive a payout from their insurance, so knowing what coverage they have on a loan policy is key when requesting a short sale. If you’re interested in purchasing a Garden Grove New home for sale that is listed as a short sale, know that it can be a lengthy process. Those that wait can often get a better deal than a foreclosure; since the bank only reviews 1 offer versus a foreclosure which may have multiple bids. However, a short sale could take months where a foreclosure sale can be sold within days.

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