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 […]
Buyer Beware When Shopping for Foreclosures Online The Internet has changed the way buyers shop for homes. Where once people drove around neighborhoods, they now do the majority of their browsing online. The popularity of the Internet has led not only to websites by Realtors and real estate companies such as RE/MAX, it has also […]
Thinking of buying or selling a short sale house in the Tampa Real Estate Market? Have you heard horror stories on how much time it will take or how much it will cost? If you are a seller wanting to list your home as a short sale you should know the following: You are not […]
Homebuyers tell me they “only want to look at short sales”. My initial response is why? You can read a previous post here about Can I get a short sale for 20% less than asking price? Short Sale Disadvantages: The question today is a short sale worth the months of waiting just to find out […]
Towers of Channelside Update- Many of you have been patiently waiting for the new pricing and release of condos in The Towers of Channelside. Now that the bank has taken over, your opportunity to buy at amazingly low pricing is here. FOR A LIMITED TIME ONLY: Bank Released New Pricing in 2010. See current listings at […]
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 […]
BANK OWNED PROPERTIES Q&A Q. What is a bank owned property or REO? More commonly referred to as a FORECLOSURE A. It is NOT a short sale. The bank has already foreclosed on the property. The bank is the seller/owner. Q. How do I make an offer? A. Through a Real Estate Agent. You will need proof of […]
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? Buying a short sale […]
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 […]
