Short Sales Tampa

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

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?

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

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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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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Short Sale questions answered-Tampa, Fl

What is a short sale? A short sale occurs when a property is sold and the lender agrees to accept a discounted payoff, meaning the lender will release the lien that is secured to the property upon receipt of less money than is actually owed. Right now in Tampa one half of all homes on … Continue reading Short Sale questions answered-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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