Tampa Foreclosures

Tampa Foreclosures

Many are saying the housing crisis is over. I guess it all depends on which part of the crisis people are talking about. In the Orlando and Tampa Florida areas we have numerous homes on the market, but many are facing foreclosure and eventually becoming bank owned. Some are more fortunate in that they have been able to negotiate a short sale. For those of you that are unfamiliar with a short sale, simply put, it creates an agreement with the lender where the seller can sell their home for less than the mortgage amount and the lender forgives the outstanding balance. It still has a negative impact on the seller's credit rating, but it's our understanding that the negative results are not as derogatory. While sellers may be loosing a substantial amount of their real estate investment, home buyers are able to pick and choose (for the most part).

This truly is a very good time to buy a home. Matter of fact, sales of new homes recorded an unexpected increase in September of 2.7%. And at the same time median home prices dropped to their all time low in four years. Another interesting note is that the Feds are scheduled to meet this week (Oct. 27, 2008) and it is expected they will be lowering the interest rates. There are unprecedented savings to be had on homes in the market today. If you are currently considering buying a home in the Central Florida, Orlando or Tampa Bay real estate market, please contact us and let us help you find a great property at an awesome price.

The Orlando and Tampa real estate market activity has picked up considerably. We are receiving more and more inquiries each week from prospective home buyers. If you are looking for a foreclosure, short sale or a bank owned property now is the time to buy! Prices are now at all time lows, but will soon be on the rise again, so don't delay. If you have the time and patience to wait for the bank to respond to your offer, then a foreclosure, short sale or bank owned property could be a great investment for you.

The foreclosure links will help you narrow down your search by providing you with specific price ranges and types of property to search by. Should you have any questions or need any assistance, please contact us either by email or call us toll free. We are here to assist you in any way that we can and our Buyer's Agent services are always FREE!