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 […]
Short Sales vs. Foreclosures and its effects on Credit…. Breaking the myth
Short Sales vs. Foreclosures and its effects on Credit…. Breaking the myth There has been so much misinformation out there on the process of Foreclosures and Short sales; that I asked Katie Cook Hughes, Sr. Loan Officer at Prospect Mortgage in Tampa, Fl to clarify the situation for us! I think that many sellers have been […]
Tampa Real Estate Market #2 in Nation for Foreclosures
The Tampa Tribune reported that the Tampa, Fl area is now number two in the nation in foreclosures. This is unbelievable news, knowing how hot our market was just 4 years ago. According to the statistics Tampa had the most filings in September, 2008, then the rest of the Bay area. TAMPA – Florida leapfrogged […]
CNN Money-Tampa-St.Pete,-Clearwater Home Prices fell 20.6%
Foreclosures take heavy toll on home prices but bargain hunters are re-entering worst-hit markets. By Les Christie, CNNMoney.com staff writer The Median Sales Price, for the Tampa, St. Petersburg and Clearwater areas has dropped 20% to $173,400 from October 2007 to October 2008 A flood of foreclosures has driven home prices down. As many as […]
What is an REO Property?
Every hear of the term “REO”? This is more commonly known as a bank owned home or property for sale…..here are some interesting things to know when looking for a REO property. Real estate owned From Wikipedia, the free encyclopedia Real estate owned or REO is a class of property owned by a lender, typically […]
Tampa Bay Real Estate Buying and Investing Group-Tampa, Fl
Join us for the Tampa, Fl Real Estate Buying & Investing Meetup. This group is organized by experienced Real Estate Agents and is intended to educate and share ideas with other people who have similar interests. Learn the differences between home auctions, short sales, and bank owned property. We will be teaching negotiation techniques, contracts, […]
What to know before you buy a home at auction-Tampa, Fl
The best Real Estate Deals are bank owned-Tampa, Fl
I thought this was a great article for people looking to buy a home in the Tampa Bay Housing Market. Many clients that are purchasing homes now always ask me what the difference is between a bank owned and short sale property. This news article is the short version as there are many details involved in the […]
Why Bank Owned is Better than a Short Sale if you need to close quick-Tampa, Fl
Foreclosures Skyrocket-Article reveals where most foreclosures are in Tampa, Fl
Tampa Palms Townhome I have been hesistant on posting articles related to foreclosures in the Tampa Bay area, however I found this article and thought it had enough info worth while. If you are looking to purchase foreclosures in the area check out these statistics. It may help you decide where the best places are […]