VENTANA CONDO AUCTION-CHANNELSIDE DISTRICT-TAMPA, FLORIDA

CHANNELSIDE CONDO AUCTION! VENTANA-TAMPA, FL  
33 Luxury Channelside Condos For Sale• Minimum bids from $145K
 
 Pricing Example:
A 1 bedroom 2 bath condo, 1,143 square-foot condo at Ventana has a minimum bid of $145,000.
It’s last asking price: $473,100.
Total units in building 84. There are only 33 remaining.    Maintenance fees are calculated at .33 per sq ft.
 Includes: [...]

How to buy a foreclosure in Tampa Bay

During the month of March, In Florida, one in every 282 homeowners received a foreclosure notice.  In the U.S. One in every 538 American households received either a default notice, auction sale notice or bank repossession, according to RealtyTrac’s U.S. Foreclosure Market Report. With foreclosure filings up 57 percent from a year ago, (Source: RealtyTrac.)
Before making [...]

Tampa Bay Home Sales Rise! Tampa, Fl Real Estate Market Update

Existing Home Sales Rise 23%
By SHANNON BEHNKEN
sbehnken@tampatrib.com
Sales of existing homes rose 23 percent in the Tampa Real Estate Market as bargain hunters snatched up distressed properties and continued to keep home prices lower. That’s the largest jump since September, when sales rose 29 percent.
In the Tampa, St. Petersburg, Clearwater metro area, 1,856 existing single-family homes [...]

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?  
Thinking of buying a short sale [...]

Suze Orman talks about Tampa Foreclosures on CNN

I watched Larry King last night on CNN, and Suze Orman mentioned that TAMPA, FL was an area that is experiencing foreclosures at record levels.

What will this mean for our inventory of homes on the market? It can’t hurt to have the national media letting the public know that our Tampa Real Estate Market has become the [...]

Foreclosure activity increases 81 percent in 2008 according to RealtyTrac

 What’s the difference between Florida and other housing markets?  The Tampa Bay area is still a desirable retirement and second home destination. Therefore, we are expecting our market to increase in sales and reducing the amount of foreclosures in our housing market, sooner than other parts of the country.

Nevada, Florida, Arizona posted top states for foreclosure [...]

Investors Face Tax Liability on Short Sales-Tampa, Fl

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 investor, that is.
A short [...]

What you should know about Short Sale and Foreclosures

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 lender [...]

2009 Housing Market Forecast-Tampa Bay Area

With 2009 rapidly approaching, we must consider the changes that have occurred in our Real Estate market in Tampa, and plan for what we will experience in the coming year. 
While 2009 will be a difficult year for many, it will also bring unprecedented opportunities for the few who choose to adapt now, before it’s [...]

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 misinformed in [...]