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 [...]

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 [...]

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 California [...]

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 40% of all [...]

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 a bank, after [...]

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, and [...]