South Tampa Realtor
Banks: No exceptions for short sales Increasingly, sellers seeking short sales are encountering a new twist. The Tampa Real Estate Market is no exception. Lenders are agreeing to let some short sales go through, but they want the home owners to sign a note promising to pay some or all of the balance due – […]
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 […]
DOR ISSUES SHORT SALES DOC STAMP RULING The Florida Department of Revenue (DOR) issued a ruling late yesterday stating that doc stamp taxes owed on a short sale should be based on the sale price paid by the purchaser and not on the sale price PLUS any amount forgiven by the home seller’s lender. DOR’s […]
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 […]
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 […]
The past 3 weeks have been like a flood gate opening in the Tampa real estate market. I’ve seen more activity from interested buyers than I’ve seen in the past 3 years. Everyone is recognizing that now is a great time to buy. I’ve been working with a buyer who is being transferred with the […]
