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The Downside for Sellers who pursue Short Sales-Tampa Fl

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 – […]

Posted in: Bank Owned and Short Sale, Tampa Real Estate Investors Tagged: Short Sales, Tampa Real Estate

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 […]

Posted in: Amendments to Property Tax Law, Bank Owned and Short Sale, Hillsborough County Property Taxes, Selling Home as Short Sale, Selling Your Home, Short Sales Tampa, Tampa Real Estate Investors Tagged: forgiveness of debt, How to sell as short sale, Investing In Real Estate, Short Sales, Tax Penalties

Why You Really Can’t Buy Homes Listed As Pre-Foreclosures on RealtyTrac, Zillow and Trulia

Foreclosures Tampa

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 […]

Posted in: Bank Owned and Short Sale, First Time Home Buyers, Foreclosures and Bank Owned, Foreclosures Tampa, Home Auctions, Real Estate News & Info Tagged: Foreclosures and Bank Owned, How to Buy Foreclosures, pre foreclosure homes, real estate auctions tampa, realtytrac, reviews, zillow

How Much Time Will It Take to Buy or Sell a SHORT SALE? Tampa, Fl

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 […]

Posted in: Bank Owned and Short Sale, Selling Home as Short Sale, Short Sale Realtors Tagged: Short Sale Process Tampa, Short Sale Realtors Tampa, Short Sales Tampa

Short Sale or Death-Which Will Happen First? Advantages of Buying Foreclosures

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 […]

Posted in: Bank Owned and Short Sale Tagged: Bank Owned and Short Sale, Foreclosure Statistics Tampa, How to buy Short Sales, Short Sale Process Tampa, Short Sale vs Foreclosure

Towers of Channelside-Bank releases NEW pricing!-Tampa Real Estate update

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 […]

Posted in: Bank Owned and Short Sale, Condos & Lofts, Foreclosures and Bank Owned, High Rise Condo Developments, The Towers of Channelside Tagged: Channelside Condos For Sale, high rises in downtown tampa, Towers of Channelside

News on Short Sales and amount owed for Doc Stamps-Florida

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 […]

Posted in: Bank Owned and Short Sale, Tampa Real Estate Market News & Updates Tagged: Short Sales

What to know when purchasing Bank Owned, REO homes in the Tampa Bay area.

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 […]

Posted in: Bank Owned and Short Sale, Foreclosures and Bank Owned Tagged: Bank Owned and Short Sale, How to Buy Foreclosures

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? Buying a short sale […]

Posted in: Bank Owned and Short Sale, First Time Home Buying Advice Tagged: How to Sell Your Home in a Down Market, Selling Your Home, Short Sale Process Tampa, Short Sale vs Foreclosure, Short Sales Tampa

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 […]

Posted in: Amendments to Property Tax Law, Bank Owned and Short Sale, Hillsborough County Property Taxes, Selling Home as Short Sale, Selling Your Home, Short Sales Tampa, Tampa Real Estate Investors Tagged: forgiveness of debt, How to sell as short sale, Investing In Real Estate, Short Sales, Tax Penalties

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