How to Buy Foreclosures

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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St. Pete Times article explains how to buy a 180K home for 121K

Should you buy now? Discounts look favorable in Tampa Housing Market-2009 Here’s a column from today’s St. Petersburg Times:  It’s actually the most cut and dry, easy to understand article that I’ve seen. It explains all the ways you can use today’s Tampa Real Estate Market, Low Interest Rates and the National Home Buyer Tax Credit to your … Continue reading St. Pete Times article explains how to buy a 180K home for 121K

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California Market is number 1 in Foreclosures-Tampa is Number 2!

 If California is number 1 in foreclosures in the U.S. and Tampa, Florida is number 2 in foreclosures;you can expect the housing markets to be similar.  California offers the same type of opportunities with regards to climate and beauty.   I thought this was a very interesting article about an investor who is planning on buying … Continue reading California Market is number 1 in Foreclosures-Tampa is Number 2!

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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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