Short Sale vs Foreclosure

Tampa Short Sales makes HGTV’S frontdoor.com top 10 Real Estate Nightmares List

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Top Real Estate Nightmares My article for HGTV’s frontdoor.com, Top Ten Real Estate Nightmares, came in at #7 on the top ten list and has been the most viewed article on my blog in 2011! Learn how you can avoid these hair-raising real estate horrors By Shannon Petrie, FrontDoor.com Buying a short sale? Be prepared … Continue reading Tampa Short Sales makes HGTV’S frontdoor.com top 10 Real Estate Nightmares List

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Hiring an attorney to represent you in a SHORT SALE?

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Selling your home as a short sale in the Tampa Real Estate Market is no easy task. Clearly, negotiating a successful short sale is even more difficult. It will require countless hours of phone time and inevitable frustration. It is highly recommended that you enlist the services of a professional to perform negotiations on your … Continue reading Hiring an attorney to represent you in a SHORT SALE?

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BOA Deadline For Short Sale Incentive Approaching Soon-Tampa, Fl

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Here’s the latest update on Bank of America’s short sale incentive program.  Thanks to Mark Puente with the St. Pete Times, we now have more clarification on how the program works, deadlines, payout amounts and qualification process. The biggest disappointment is that homes already under contract are not eligible for the cash assistance. When do I have to … Continue reading BOA Deadline For Short Sale Incentive Approaching Soon-Tampa, Fl

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Bank of America Offers Homeowners up to 20K Incentive To Sell As A Short Sale-Tampa, Fl

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It was only a matter of time before other banks started offering incentives to homeowners to sell their home as a short sale.  Chase Bank started the trend and now Bank of America (BOA) has started offering Florida homeowners who are underwater anywhere between $5,000-$20,000.00.  Even better HAFA is offering $3,000 towards moving expenses.   … Continue reading Bank of America Offers Homeowners up to 20K Incentive To Sell As A Short Sale-Tampa, Fl

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Are you really getting a better deal on a short sale or foreclosure, or is it all an illusion ?

If you could get the same deal buying a home from a seller instead of a short sale or bank foreclosure would you? So what’s the big attraction to short sales and foreclosures? Can you really get a better deal buying one? That seems to be the number one question people ask me. They say … Continue reading Are you really getting a better deal on a short sale or foreclosure, or is it all an illusion ?

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What Does a Bank Approved Short Sale Mean?

Great question from one of my buyers. Don’t be mislead when purchasing a short sale… When a short sale says “Bank Approved” does that mean it is an easier process than a traditional short sale? It could be a shorter process but there’s no guarantee. I always ask  the Realtor to supply written documentation of … Continue reading What Does a Bank Approved Short Sale Mean?

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Can I get a short sale for 20% less than asking price?

Should you submit a low ball offer on a short sale?  Every market is different, so I am giving examples of what we are exeperiencing here in the Tampa Real Estate Market, where about 40% of our homes for sale are either a short sale or foreclosure.  Before you decide to buy a short sale, keep … Continue reading Can I get a short sale for 20% less than asking price?

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Foreclosures Highly Likely on Short Sales-HAFA Program NOT Working!

Image by TheTruthAbout… via Flickr We just got out of a meeting with our Real Estate Attorney. He indicated that in the Tampa Bay Real estate market, short sales are becoming increasingly difficult.  The banks are foreclosing on properties instead of proceeding with short sales. Short Sales are now taking up to 8 months to … Continue reading Foreclosures Highly Likely on Short Sales-HAFA Program NOT Working!

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The INSIDE SCOOP on Short Sales-Tampa Bay Statistics, How a Short Sale Works and more..

  This is one of the BEST examples of how a short sale works that I’ve read in a long time.  If you haven’t read up on exactly how the process works this is a great place to start for both buyers, and anyone considering hiring a listing agent to sell their home.   All Realtor’s … Continue reading The INSIDE SCOOP on Short Sales-Tampa Bay Statistics, How a Short Sale Works and more..

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What you NEED to know about Selling your Home as a Short Sale-Tampa, Fl

Short Sales Tips for Sellers in the Tampa Real Estate Market If you’re thinking of selling your home, and you expect that the total amount you owe on your mortgage will be greater than the selling price of your home, you may be facing a short sale.   A short sale is one where the net … Continue reading What you NEED to know about Selling your Home as a Short Sale-Tampa, Fl

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Foreclosure SCAMS being revealed-Pinellas County helps home owners

Radio show features consumer scams and foreclosure prevention This month’s show features the latest consumer scams and foreclosure prevention tips. Guests are Deborah Berry, Operations Manager Pinellas County Consumer Protection and Bill Sanchez, Vice President of the Homebuyers Club from Tampa Bay Community Development Corporation. The program, sponsored by the Housing Finance Authority, airs the … Continue reading Foreclosure SCAMS being revealed-Pinellas County helps home owners

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