Bank Owned and Short Sale

Short Sale or Death-Which Will Happen First? Advantages of Buying Foreclosures

Homebuyers tell me they “only want to look at short sales”. My initial response is why? You can read a previous post here about Can I get a short sale for 20% less than asking price? Short Sale Disadvantages: The question today is a short sale worth the months of waiting just to find out … Continue reading Short Sale or Death-Which Will Happen First? Advantages of Buying Foreclosures

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How much time will it take to buy or sell a SHORT SALE?

Thinking of buying or selling a short sale house in the Tampa Real Estate Market? Have you heard horror stories on how much time it will take? I originally published this article in 2009 and we all thought the short sale process would get better. Well, here it is 2011 and I’m not seeing any … Continue reading How much time will it take to buy or sell a SHORT SALE?

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Towers of Channelside-Bank releases NEW pricing!-Tampa Real Estate update

Towers of Channelside Update- Many of you have been patiently waiting for the new pricing and release of condos in The Towers of Channelside. Now that the bank has taken over, your opportunity to buy at amazingly low pricing is here. FOR A LIMITED TIME ONLY: Bank Released New Pricing Price Ranges are as follows: 1 … Continue reading Towers of Channelside-Bank releases NEW pricing!-Tampa Real Estate update

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What to know when purchasing Bank Owned, REO homes in the Tampa Bay area.

BANK OWNED PROPERTIES Q&A Q. What is a bank owned property or REO? More commonly referred to as a FORECLOSURE A. It is NOT a short sale.  The bank has already foreclosed on the property.  The bank is the seller/owner. Q. How do I make an offer? A. Through a Real Estate Agent.   You will need proof of … Continue reading What to know when purchasing Bank Owned, REO homes in the Tampa Bay area.

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Distressed about Short Sales and the Process? Tampa, Fl

When I started thinking about a title for this article I came up with quite a few.  The METHOD of the Short Sale was 2nd choice. Although, we are finding there is NO Methodology in the Tampa Real Estate Market. Putting in an offer on a Short Sale Home in the Tampa Bay Area? Buying a short sale … Continue reading Distressed about Short Sales and the Process? Tampa, Fl

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Investors Face Tax Liability on Short Sales-Tampa, Fl

Investors Still On Tax Hook  (Tampa Tribune (FL) (KRT) Via Acquire Media NewsEdge) For homeowners in trouble, a short sale can be a lifesaver. Lenders allow a house to be sold for less than is owed on the mortgage and then write off the rest. The homeowner just walks away. Unless the owner is an … Continue reading Investors Face Tax Liability on Short Sales-Tampa, Fl

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What you should know about Short Sale and Foreclosures

What is a short sale? When researching how to buy homes for sale in Tampa, Florida, you’ll see bank owned (foreclosures) and short sales listed in MLS. They may say “listing price may not be sufficient to cover all expenses” and you’ll know it’s a short sale.   Short sales are homes that the seller is hoping the … Continue reading What you should know about Short Sale and Foreclosures

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Short Sales vs. Foreclosures and its effects on Credit…. Breaking the myth

Short Sales vs. Foreclosures and its effects on Credit…. Breaking the myth There has been so much misinformation out there on the process of Foreclosures and Short sales; that I asked Katie Cook Hughes, Sr. Loan Officer at Prospect Mortgage in Tampa, Fl to clarify the situation for us!                  I think that many sellers have been … Continue reading Short Sales vs. Foreclosures and its effects on Credit…. Breaking the myth

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Tampa Real Estate Market #2 in Nation for Foreclosures

The Tampa Tribune reported that the Tampa, Fl area is now number two in the nation in foreclosures.  This is unbelievable news, knowing how hot our market was just 4 years ago. According to the statistics Tampa had the most filings in September, 2008, then the rest of the Bay area. TAMPA – Florida leapfrogged … Continue reading Tampa Real Estate Market #2 in Nation for Foreclosures

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CNN Money-Tampa-St.Pete,-Clearwater Home Prices fell 20.6%

Foreclosures take heavy toll on home prices but bargain hunters are re-entering worst-hit markets. By Les Christie, CNNMoney.com staff writer The Median Sales Price, for the Tampa, St. Petersburg and Clearwater areas has dropped 20% to $173,400 from October 2007 to October 2008 A flood of foreclosures has driven home prices down. As many as … Continue reading CNN Money-Tampa-St.Pete,-Clearwater Home Prices fell 20.6%

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What is an REO Property?

Every hear of the term “REO”?  This is more commonly known as a bank owned home or property for sale…..here are some interesting things to know when looking for a REO property. Real estate owned From Wikipedia, the free encyclopedia Real estate owned or REO is a class of property owned by a lender, typically … Continue reading What is an REO Property?

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