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 [...]
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 [...]
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!! Thanks to my buyers who helped contribute to this article. Learn how you can avoid these hair-raising real estate horrors By Shannon Petrie, FrontDoor.com | Published: 9/24/2009 Buying a short sale? [...]
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 [...]
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? This is an example of a rating on how Bank of America is handling the short sale process. Out of all the banks rated they seem to be [...]