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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

How to Respond to a Lis Pendens Foreclosure Filing. Is a Short Sale the Solution?

short sale realtor tampa

Best Way to Respond to a Lis Pendens Foreclosure: If you want to explore the option of selling your home as a short sale to avoid foreclosure, you’ll want to respond to the foreclosure filing as soon as possible. Follow the instructions so you respond within the allowed time frame, and keep a record of all […]

Posted in: Selling Home as Short Sale, Short Sale vs Foreclosure, Short Sales Tampa Tagged: How to avoid foreclosure, Short Sale Process Tampa, Short Sale Realtors Tampa, Short Sale vs Foreclosure

Tampa Short Sales makes HGTV’S frontdoor.com top 10 Real Estate Nightmares List

Top Real Estate Nightmares My article for HGTV’s frontdoor.com, Top Ten Real Estate Nightmares, came in at #7 on the top ten list and has been the most viewed article on my blog in 2011! Learn how you can avoid these hair-raising real estate horrors By Shannon Petrie, FrontDoor.com Buying a short sale?  Be prepared […]

Posted in: Short Sales Tampa Tagged: How to buy Short Sales, Short Sale Process Tampa, Short Sale Realtors Tampa, Short Sales Tampa, timeframe for short sales

Hiring an attorney to represent you in a SHORT SALE?

Selling your home as a short sale in the Tampa Real Estate Market is no easy task. Clearly, negotiating a successful short sale is even more difficult. It will require countless hours of phone time and inevitable frustration. It is highly recommended that you enlist the services of a professional to perform negotiations on your […]

Posted in: Foreclosures and Bank Owned, Selling Home as Short Sale, Selling Your Home, Short Sale vs Foreclosure, Short Sales Tampa Tagged: Foreclosure Attorneys Tampa, How to sell as short sale, Real Estate Agencies handling short sales, Short Sale Attorneys Tampa

BOA Deadline For Short Sale Incentive Approaching Soon-Tampa, Fl

Here’s the latest update on Bank of America’s short sale incentive program.  Thanks to Mark Puente with the St. Pete Times, we now have more clarification on how the program works, deadlines, payout amounts and qualification process. The biggest disappointment is that homes already under contract are not eligible for the cash assistance. When do I have to […]

Posted in: Real Estate News & Info, Selling Home as Short Sale, Short Sale Realtors, Short Sales Tampa Tagged: Bank of America Short Sale, How to sell as short sale, Short Sale Realtors Tampa

What Does a Bank Approved Short Sale Mean?

Great question from one of my buyers. Don’t be mislead when purchasing a short sale… When a short sale says “Bank Approved” does that mean it is an easier process than a traditional short sale? It could be a shorter process but there’s no guarantee. I always ask  the Realtor to supply written documentation of […]

Posted in: Selling Home as Short Sale, Short Sales Tampa Tagged: How to buy Short Sales, Short Sale Process Tampa, timeframe for short sales

Can I get a short sale for 20% less than asking price?

Should you submit a low ball offer on a short sale?  Every market is different, so I am giving examples of what we are experiencing here in the Tampa Real Estate Market, where about 40% of our homes for sale are either a short sale or foreclosure.  Before you decide to buy a short sale, keep […]

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

Foreclosures Highly Likely on Short Sales-HAFA Program NOT Working!

We just got out of a meeting with our Real Estate Attorney. He indicated that in the Tampa Bay Real estate market, short sales are becoming increasingly difficult.  The banks are foreclosing on properties instead of proceeding with short sales. Short Sales are now taking up to 8 months to respond to offers. Maybe this […]

Posted in: Real Estate News & Info, Selling Your Home, Short Sales Tampa Tagged: Hafa Guidelines, How to avoid foreclosure, Listing your home as a short sale

The INSIDE SCOOP on Short Sales-Tampa Bay Statistics, How a Short Sale Works and more..

This is one of the BEST examples of how a short sale works that I’ve read in a long time.  If you haven’t read up on exactly how the process works this is a great place to start for both buyers, and anyone considering hiring a listing agent to sell their home.   All Realtor’s predictions […]

Posted in: Selling Home as Short Sale, Short Sales Tampa Tagged: Benefits of Short Sales, How to sell as short sale, Selling Distressed Property, Short Sale Realtors Tampa, Tampa Short Sale Statistics

Short Sale questions answered-Tampa, Fl

What is a short sale?  A short sale occurs when a property is sold and the lender agrees to accept a discounted payoff, meaning the lender will release the lien that is secured to the property upon receipt of less money than is actually owed. Right now in Tampa one half of all homes on […]

Posted in: First Time Home Buyers, First Time Home Buying Advice, Short Sales Tampa, Tampa Real Estate Market News & Updates Tagged: How to buy Short Sales, Short Sale Process Tampa

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