Foreclosure Statistics Tampa

Foreclosure activity increases 81 percent in 2008 according to RealtyTrac

 What’s the difference between Florida and other housing markets?  The Tampa Bay area is still a desirable retirement and second home destination. Therefore, we are expecting our market to increase in sales and reducing the amount of foreclosures in our housing market, sooner than other parts of the country. Nevada, Florida, Arizona posted top states … Continue reading Foreclosure activity increases 81 percent in 2008 according to RealtyTrac

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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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Citigroup puts foreclosure moratorium on 500,000 homeowners

Looks like there’s some good news for people who are at risk for foreclosure. If your loan is through Citigroup you may want to contact them for more information on how you can take advantage of this program. Citigroup plans to rescue 500,000 homeowners   On the heels of JPMorgan Chase & Co.’s loan modification … Continue reading Citigroup puts foreclosure moratorium on 500,000 homeowners

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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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Tampa Bay Real Estate Buying and Investing Group-Tampa, Fl

Join us for the Tampa, Fl Real Estate Buying & Investing Meetup. This group is organized by experienced Real Estate Agents and is intended to educate and share ideas with other people who have similar interests. Learn the differences between home auctions, short sales, and bank owned property. We will be teaching negotiation techniques, contracts, … Continue reading Tampa Bay Real Estate Buying and Investing Group-Tampa, Fl

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The Place at Channelside Auction Winner Announced-Tampa, Florida

The new ownership of The Place at Channelside Development has been disclosed.  After reading the article the only disagreement I have is that they said there is no market for condos right now.  When I posted the last article about the Place going to Auction we received an overwhelming response from people who were wanting … Continue reading The Place at Channelside Auction Winner Announced-Tampa, Florida

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What to know before you buy a home at auction-Tampa, Fl

Home Auctions, Tampa Florida. When I saw a commercial on TV advertising Home Auctions in Tampa, I thought I’d check it out. I called the auction company and they explained to me that you can place a bid online, or show up at the auction and see the home the day before.  There were only … Continue reading What to know before you buy a home at auction-Tampa, Fl

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