Home Seller Information
Short Sales in a Buyer’s Market
June 10th, 2008 categories: Communities, Covington Park, Home Buyer Information, Home Seller Information, News Around The Bay, Preforeclosure, Short Sales Tampa, Tampa Real Estate
There are many homes on the market today, a good number of them listed as short sales. The basic definition in the Tampa market of a short sale is a home that will be sold for less than the actual amount owed.
Patience is a key word for buyers in making an offer on a short sale. Waiting for a third party approval can seem endless but once approved the process can move along quickly and buyers find themselves the proud owner of a home often times with built in equity.
Communication is an important part of the process, be sure to choose a Real Estate professional with short sales experience, willing to go the extra mile in keeping in touch and following up with sellers lenders and buyers to keep the transaction moving forward.
For more information contact Ticia Kervel at 813–760–1514 or Ticia@homewardre.com or to search listings logon to www.smartrealestatemarketing.com
My goal is your successful purchase
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Short Sale and Pre foreclosure in Tampa Bay - The hardship letter
January 29th, 2008 categories: Home Buyer Information, Home Seller Information, Short Sales Tampa, South Tampa, Tampa Condos, Tampa Real Estate
I am writing this letter to explain my unfortunate set of circumstances that have caused us to become delinquent on our mortgage. We have done everything in our power to make ends meet but unfortunately we have fallen short. The main reason that caused us to be late is (insert reason here and don’t be too lengthy and long winded) Soon after being late and our income not being nearly enough, we had fallen further and further behind. Now, it’s to the point where we cannot afford to pay what is owed to (lender). At this time we have exhausted all of our income and resources so we are turning to you for help.
We see no other solution than a short sale and because we have no means of repaying, we additionally ask that, in your acceptance of an offer, you accept it as payment in full and not file a deficiency judgment.
Sincerely and Respectfully,
Mr. & Mrs. ___________________
Signature_____________________
Loan # ______________________
Address______________________
Phone________________________
@ 813–404–0001| Discussion: Comments Off
Fed Cuts Interest Rate By 3/4 of a Point, Today Tuesday January 22
January 22nd, 2008 categories: Home Buyer Information, Home Seller Information, Short Sales Tampa, Tampa Condos, Tampa Real Estate
The federal reserve slashed a key interest rate by three-quarters of a percentage point on Tuesday and
indicated further rate cuts were likely. In addition to cutting the funds rate, the Fed said it was reducing its discount rate, the interest it charges to make direct loans to banks, by a similar three-quarters of a percentage point, pushing this rate down to 4 percent.
Analysts said the Fed will likely delay cutting rates further at its Jan. 29-30 meeting but will probably keep moving rates down aggressively if the economy continues to weaken.
Commercial banks responded he Fed’s action on the funds rate by announcing similar cuts of three-quarter of a percent on its prime lending rate, the benchmark for millions of business and consumer loans. The action will mean the prime lending rate will drop from 7.25 percent down to 6.50 percent.
The question that begs to be asked is why didn’t the fed do this 6 months ago and is this effort to little to late? This may spur a new wave of refinancing and will actually help many homeowners facing higher interest rates if they can qualify for refinancing.
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December 31st, 2007 categories: 345 Bayshore, Alagon, Art Center Lofts, Bayshore, Bellamy, Channelside, Christiansted, Communities, Covington Park, Culbreath Key, Downtown Tampa, Element, Featured Listings, Grand Central on Kennedy, Harbour Court, Harbour Island, Home Buyer Information, Home Seller Information, Hyde Park Walk, Island Walk, Island Way, Madison At SoHo, Meridian, News Around The Bay, Open Houses, Parkcrest, Parkside at One Bayshore, Pinnacle, Residences On Franklin St., Short Sales Tampa, Skypoint, South Tampa, Tampa Activities, Tampa Condos, Tampa Dining & Entertainment, Tampa Real Estate, The Martin, The Place, The Plaza, Towers of Channelside, Ventana, Victory Lofts, Westshore Yacht Club
HAPPY NEW YEAR FROM YOUR FRIENDS AT
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Serving the needs of Tampa home buyers and Tampa homes sellers is what our Tampa Realtors do best. Ask any of our real estate agents how they differ from other Realtors in Tampa and you’ll probably get an array of answers. All Homeward’s real estate agents in Tampa will tell you service, marketing and putting your clients needs and wants above all else is the key to success because it’s the key to them returning and referring their friends and family.
Our Realtors proudly and professionally serve The Tampa Bay Real Estate market including homes, real estate and property in Apollo Beach, Brandon, Bloomingdale Boyette, Ruskin, Gibsonton, Riverview, Palm River, Valrico, All of South Hillsborough County, Plant City, Dover, Seffner, Thonotosassa, Mango, Limona, Temple Terrace, New Tampa, Lutz, Land O Lakes, Odessa, Keystone, Citrus Park, Northdale, Carrollwood, Town n country, Westchase, Countryway, Westshore, South Tampa, S Tampa, Gandy, Seminole heights, Tampa Heights, Beach Park, SoHo, Davis Island Harbour Island, Downtown Tampa, Channelside, Ybor City and all of Hillsborough County, Pasco county and Pinellas county,
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5 New Reasons Why You Should Call Homeward Real Estate When Buying Or Selling A Home In Tampa Florida
December 22nd, 2007 categories: Home Buyer Information, Home Seller Information, News Around The Bay, South Tampa, Tampa Real Estate
5 Top Producing Tampa Realtors Join Homeward Real Estate.
In this sluggish real estate market many Realtors have left and continue to find employment in other fields. As a result real estate brokerages all over Tampa Bay are struggling and several have closed up shop. Homeward Real Estate however has been very fortunate to be able to attract experienced, top producing agents.
Homeward Real Estate welcomes to our already successful roster of Tampa real estate agents,
Jeff Stuckert and Mike Wilkie, Tampa Florida Realtors serving The Tampa area including, Brandon, Harbour Island, Davis Island and Downtown Tampa.
Tampa Realtor specializes in South Tampa homes and new construction. Although Kristen sells homes all around The Tampa area she loves Hyde Park, Palma Ceia, Beach Park, Bayshore Beautiful an Virginia Park.
Betty lists and sells homes throughout the Greater Tampa area including South Tampa, Seminole heights, Tampa Heights, carrollwood, Lutz and Brandon
George is a Tampa Realtor servicing all of the Tampa area, especially Bayhaven, Bayhill estates, Gandy Boulevard Park, Crescent Park, interbay, Macdill Park, Port Tampa, Tropical pines and the rest of South Tampa.
If you need an experienced, knowledgeable Realtor to sell your home or other Tampa Real Estate or an a Realtor to show you the homes your looking for, select one of Our Top Notch Realtors.
If you are a Realtor and you want to surround yourself with successful Tampa Real Estate Agents and Real Estate Broker, Call John Montesano… Better yet call our Agents.
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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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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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