New Home Spotlight – New Tampa
Avoid the hassles of short sales. This gorgeous new construction home is located in New Tampa and offers many energy efficient features. Construction on this home is scheduled for completion near the end of March. If you’re looking for new construction, please read this article before visiting a new home builder site. You may also search for [...]
Large Lot – Dade City House for Sale
Tampa Bay Real Estate Market Update
Last year was a very interesting year for Tampa real estate and we definitely had our share of ups and downs. It seemed that every home sale was a new learning experience because rarely were there “easy” closings; however, there were closings. After a bit of a slow down in 2010, it felt good to [...]
Worse tax bite: short sale or foreclosure?
REThink Real Estate By Tara-Nicholle Nelson Inman News™ March 03, 2011 Q: Is there a difference on how you are 1099′d on a short sale vs. foreclosure for California residents? Is a foreclosure more “forgiving”? –Barb A: Before we delve into a serious subject, I want to share something funny (and tangentially relevant) that happened [...]
Strategic Default will get you "locked out" by Fannie Mae
In a strategic move, some homeowners have decided to walk away from their homes even though they could still afford the payments. They simply decide that their value is too low and they either short sale or allow the bank to foreclose. Fannie Mae, making a clear statement, announced Wednesday that they will “lock out” [...]
New Guidelines for Short Sales
As of April 5th, lenders have new guidelines for the short sale process. These new guidelines have been put in place in an attempt to speed up the process which can take an average of 4-6 months. Along with speeding the process, the new guidelines also offer monetary incentives to both the banks and the [...]