South Tampa Realtor
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 […]
Best Way to Respond to a Lis Pendens Foreclosure: If you want to explore the option of selling your home as a short sale to avoid foreclosure, you’ll want to respond to the foreclosure filing as soon as possible. Follow the instructions so you respond within the allowed time frame, and keep a record of all […]
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 […]
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 […]
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 […]
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 […]
Should you submit a low ball offer on a short sale? Every market is different, so I am giving examples of what we are experiencing 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 […]
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 respond to offers. Maybe this […]
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 predictions […]
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 […]
