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 [...]

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 [...]

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 [...]