Short Sale Process 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

Read the full article →

3 Things The Bank Won’t Tell You About Loan Modifications And Why They Fail

Here’s The Top 3 Myths Of Loan Modification Programs And What You Should Know Before You Start! Maybe you’ve heard a good option for foreclosure is a loan modification. Maybe you’ve even gotten letters in the mail by an attorney trying offering their services asking you to pay money upfront. Here are some critical things to know if … Continue reading 3 Things The Bank Won’t Tell You About Loan Modifications And Why They Fail

Read the full article →

4 Questions To Ask When Contemplating a Short Sale

Tips to selling your home as a short sale in the Tampa Bay Area: What is a short sale? In basic terms, a short sale in real estate is selling your home for less than what you owe the mortgage company. This is often defined by the term being ‘Underwater’ In order to qualify, you’ll … Continue reading 4 Questions To Ask When Contemplating a Short Sale

Read the full article →

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

Read the full article →

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?

Read the full article →

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?

Read the full article →

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?

Read the full article →

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

Read the full article →

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

Read the full article →

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

Read the full article →