Archive for November, 2007
BUYERS, Sellers in Southshore Are Negotiating
November 27th, 2007 categories: Communities, Covington Park, Home Buyer Information, Tampa Real Estate
It looks like things are settling down in the Real Estate world of Southshore Hillsborough County Florida. Sellers have reduced prices, officials have reduced millage rates, and insurance companies are following suit. Inventory is up, so there are lots of choices and deals to be had. Many of the homes offered for sale in Apollo Beach and surrounding areas are only a few years old or brand new. These are only a few of the reasons NOW is a great time to purchase a home. If you’d like to learn more about the Real Estate opportunities in the up and growing Southshore area contact Ticia and Larz Kervel today at 813–441–0400 or visit our website at www.smartrealestatemarketing.com
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Short Sale Tip #7 - Tampa Bay Homeowners Falling Behind On Mortgage Payments - Preforeclosure Decisions
November 26th, 2007 categories: Home Seller Information, Short Sales Tampa, Tampa Condos, Tampa Real Estate
READ ALL OUR SHORT SALE TIPS, CLICK “SHORT SALES TAMPA” IN THE RIGHT MARGIN.
Tampa Bay Area Home Owners – Real
Estate Short Sale Tip #7
Don’t pay some one to do what your experienced short sale Realtor will do as part of the service of selling you Home in a short sale.
Now That you’ve compiled everything you need for the short sale package and your Realtor has used their skill and knowledge about short sales to find a buyer, Your agent will prepare the supporting documentation for the package, Including;
Estimated Closing statement (HUD1)
Comparables
Property photo report
If repairs are needed a construction repair estimate
A well prepared offer including proof of funds and /or a lenders approval letter.
Please Contact John Montesano for information on Pre- foreclosures and 
short sales in the Tampa Bay area. If your home is not in the Tampa Bay area, I will be happy to find a short sale expert for you in your area.
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Short Sale Tip #6 - Tampa Bay Homeowners Falling Behind On Mortgage Payments - Preforeclosure Decisions
November 25th, 2007 categories: Home Seller Information, Short Sales Tampa, Tampa Condos, Tampa Real Estate
Tampa Bay Area Home Owners – Real Estate Short Sale Tip #6
The Short Sale Package
Sellers Requirements
As was mentioned in our last short sale tip, the lender will want to see documents supporting any claim that you can not keep up with your mortgage payments. Although Short sale packages very from one mortgagee to another, more than likely you are going to have to provide them with the following;
The Hardship letter
2 years Tax returns
Last 2 W2’s
Last 2 Pay stubs
Last 2 months bank statements
Tampa home owners as well as others Please understand before you hire anybody, You do not need to pay to have a short sale package filled out or for assistance with a short sale package. An experienced Realtor will help you by letting you know which information they are going to prepare for the package when an offer comes in and eliminating any confusion about the sale of your home
Please Contact John Montesano for information on Pre- foreclosures and short sales in the Tampa Bay area. If your home is not in Tampa, I will also be happy to find a short sale expert for you in your area.
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Short Sale Tip #5 - Tampa Bay Homeowners Falling Behind On Mortgage Payments - Preforeclosure Decisions
November 24th, 2007 categories: Home Seller Information, Tampa Condos, Tampa Real Estate
Tampa Bay Area Home Owners – Real Estate Short Sale Tip #5
All Mortgage companies are going to want to know what went wrong and when.
The Hardship letter
One of the more significant factors in how the mortgagee is going to decide whether they will accept a short sale or not. However definitely not the only factor. The lender is also likely to want pay stubs and bank statements.
While searching for some examples of Hardship letters I came across this interesting site. My belief on the letter is be as contrite as is real. give the pertinent facts and be sure to mention how hard you tried to avoid this situation.
Please Contact John Montesano for information on Pre- foreclosures and short sales in the Tampa Bay area.
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Just Who Is Reading This Blog About Tampa Florida Real Estate
November 22nd, 2007 categories: News Around The Bay
We know that everyone is waiting for a sign from above to telling us “IT”S SAFE TO BUY A HOME, AGAIN!”
That sign can come in a lot of different ways. Personally I’m hoping for the Monty Python version when the clouds open up and god just tells us it time.
I really believe it will be a little more subtle than that. Maybe it’ll be a combination of things like… the three houses on the block will sell and the bagger at the grocery store will tell you about his new rental property.
Of course there are always the nay sayers… When hell freezes over or maybe it’ll be when your local newspaper’s real estate investigator (in our case Shannon Behken)writes something positive about real estate or perhaps those two things will happen simaltaniousely and home buyers will start flocking back to real estate offices all around Tampa, Florida and rest of the country. WOW!
How ever it comes I hope it comes before the Peso is worth more than the dollar. I think we have a little more time for that.
Well as I rap this up let me just say we all have something to and some of us many things to be greatful and thankful for… ok. maybe not Bob Hite, the channel 8 anchor man who made it all the way to 7 days before retirement before he arrested for DUI.
Oh yeah, the reason I was writing this post… Who reads this stuff
Now for apologies and disclaimers: No offense was meant be the god reference I just thought the monty python thing was funny, I have nothing against grocery store workers, I believe Shannon is just doing her job, besides who would by papers if the lead stories were good news? Nothing against Mexicans, the U.S. dollar is just in a downward spiral. Finally, I like Bob Hite and I’m sorry that happened to him.
Happy Thanksgiving
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Buyers, Purchase a Home With a Plan For The Future
November 21st, 2007 categories: Communities, Tampa Real Estate
Home ownership is a milestone most people look forward to, many with the idea that they will be in the home a long time. Sounds a little funny to say, think of resale before you even purchase a home but there are a few things to think about when making your decisions. Statistically, the average amount of time a person stays in a home is five years. What about this home will make it attractive to the next buyer ? Most people want a second bedroom, a den or a loft that can function as an office or room for guests. You may not want a pool but it could be a good idea to verify the property is large enough to accomodate one. Lastly location, you may not mind being on a busy street not everyone agrees, it might be a good idea to see if there are road widening or new roads planned for the area, or if a change in zoning is proposed.Circumstances in our lives change, often times our real estate needs change with them. Considering these things when buying could make your real estate Plan for the Future a whole lot brighter.
Contact Ticia and Larz Kervel at 813–760–1514 or visit our website at www.smartrealestatemarketing.com for all your real estate needs.
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Buyers, Watch Out You Might Get What You Ask For
November 20th, 2007 categories: Communities, Home Buyer Information, Tampa Real Estate
There’s no getting around it, the Real Estate Market has been in a flux of change for awhile now. Sellers aren’t lowering their asking prices every week, like they were a month or two ago, but they are considering all offers. Hillsborough County’s Southshore area has lots of great deals to be had. Since many of the experts will tell you, we won’t know we hit bottom until the prices start going up again, why not make an offer and let the negotiations begin. You just might get what you ask for.
For information about the Real Estate opportunities in Southshore and surrounding areas,
Call Ticia and Larz Kervel at 813–760–1514. Visit our website at www.smartrealestatemarketing.com
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Short Sale Tip #4 - Tampa Bay Homeowners Falling Behind On Mortgage Payments - Preforeclosure Decisions
November 20th, 2007 categories: Home Seller Information, Short Sales Tampa, Tampa Condos, Tampa Real Estate
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Tampa Bay Area Home Owners ? Real Estate Short Sale Tip #4
Now That you?ve found a Realtor you?re comfortable with, the work can begin. Along with a listing agreement and other forms the agent needs to list your house, your Realtor will need an Letter Of Authorization sometimes referred to as an LOA. This authorization letter allows your lender and Realtor to talk and for the lender to release information pertinent to the sale as well as send out a short sale package, if you haven?t received one already.
Please Contact John Montesano for information on Pre- foreclosures and short sales in the Tampa Bay area.?
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Short Sale Tip #3 - Tampa Bay Homeowners Falling Behind On Mortgage Payments - Preforeclosure Decisions
November 19th, 2007 categories: Home Seller Information, Tampa Condos, Tampa Real Estate
Tampa Bay Area Home Owners – Real Estate Short Sale Tip #3
You’ve talked to the people you need to speak with and you’ve decided the short sale is your best option at this point. You can sell your home and walk away clean, avoiding foreclosure, bankruptcy and taxes on any amount forgiven by your lender.
But it’s not that easy. The mortgage company holds all the cards and although most do not want to own single family homes, Your short sale must be approved by the lenders loss mitigation department. (We’ll discuss how to get approval in tip #4)
Here are some things to consider at this time.
- Because you have no equity in the home and the bank will ultimately decide what they will accept, you will also pay no commission or closing costs for the sale.
- Short sales are a lot of work and lenders often prefer to work with an experienced Realtor, rather then a home owner. Realtors have the best chance of selling the property in this market.
- Don’t pay for any person or company to handle you short sale. The bank will pay a commission and cover closing costs
- Select a full time Realtor with experience in short sales. It is costing you nothing and your short sale will be that much less stressful.
When you speak to the loss mitigation department please feel free to confirm the information above.
Please Contact John Montesano for information on Pre- foreclosures and short sales in the Tampa Bay area.
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Short Sale Tip #2 - Tampa Bay Homeowners Falling Behind On Mortgage Payments - Preforeclosure Decisions
November 18th, 2007 categories: Home Seller Information, Tampa Condos, Tampa Real Estate
Tampa Bay Area Home Owners – Real Estate Short Sale Tip #2
You have missed or are about to miss a mortgage payment. You’ve called your lender and they said they can’t help you at this point. Your upset because you work hard and always paid your mortgage on time.
Be realistic and be honest with yourself. Sit down with whom ever you are going to make that decision with. Where do you see yourself in 12 months. You’ve got options at this point.
- Refinance, but only if that is going to help and not prolong your problem
- Live in the house, try to earn more money
- Put the house on the Market. if market value isn’t greater than your mortgage amount talk to your mortgage co. or Professional Realtor about a short sale.
- Live in the house until it is foreclosed or you declare chapter 13 bankruptcy.
Obviously if you have equity in your home you don’t want to be foreclosed on. If you declare bankruptcy you have to keep up with existing payments while catching up on past payments.
Please Contact John Montesano for information on Pre foreclosure and short sales in the Tampa Bay area.
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