Welcome to Tampa Bay Short Sales. Need to sell your home in Florida fast? We are Tampa Short Sale Specialists. We have short sale realtors, short sale negotiators, and short sale buyers on our team. Looking for a Florida Short Sale Specialist or Short Sale Negotiator? Contact us today.
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Facing foreclosure is a distressing situation. But you don't have to allow the situation to become out of hand. Our team of short sale experts understands how complicated your situation can be.
Don't settle for a foreclosure call center or someone who isn't a short sale expert.
You deserve personal and professional attention when it comes to you and your home.
Choose the experts at Tampa Bay Short Sales to answer all your questions one on one.
We live and work in the Tampa Bay area.
Our team personally handles the sale and purchase of your home from start to finish.
We know Tampa Bay homes and will get your home sold— and stop your foreclosure— FAST.
Upside down on your home equity? Behind on mortgage payments? No problem! We buy homes. Contact us for a cash offer today! It doesn't matter how upside down on your loan you are. It doesn't matter how far behind on your mortgage payments you are, or if you have two mortgages. Job Loss? Divorce? Medical Issues? Moving out of State? If you owe more than your house is worth, or can not afford to continue making your mortgage payments, we can help. We can get you out of your home, and you pay NO FEES and NO CLOSING COSTS! CONTACT OUR TEAM FOR AN OFFER TO PURCHASE YOUR HOME WITHIN 24 HOURS!
Facing foreclosure is a distressing situation. But you don't have to allow the situation to become out of hand. Our team of short sale experts understands how complicated your situation can be.
Don't settle for a foreclosure call center or someone who isn't a short sale expert.
You deserve personal and professional attention when it comes to you and your home.
Choose the experts at Tampa Bay Short Sales to answer all your questions one on one.
We live and work in the Tampa Bay area.
Our team personally handles the sale and purchase of your home from start to finish.
We know Tampa Bay homes and will get your home sold— and stop your foreclosure— FAST.
Upside down on your home equity? Behind on mortgage payments? No problem! We buy homes. Contact us for a cash offer today! It doesn't matter how upside down on your loan you are. It doesn't matter how far behind on your mortgage payments you are, or if you have two mortgages. Job Loss? Divorce? Medical Issues? Moving out of State? If you owe more than your house is worth, or can not afford to continue making your mortgage payments, we can help. We can get you out of your home, and you pay NO FEES and NO CLOSING COSTS! CONTACT OUR TEAM FOR AN OFFER TO PURCHASE YOUR HOME WITHIN 24 HOURS!
Tampa Bay Short Sales
Central Florida's Premier Short Sale Specialists
See us at Florida's Largest Home Show, October 18-20, 2013 at the Florida State Fairgrounds!
EMAIL: INFO@TBSHORTSALES.COM
CALL 9AM-9PM, EVERYDAY: 1-813-210-7073
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What is a Short Sale?
A short sale is a sale of real estate in which the proceeds from the sale fall short of the balance owed to the mortgage lender.
The short sale of a property is initiated through negotiations with the existing lender. The short sale occurs when the lending bank agrees to discount a loan balance due to an economic hardship on the part of the mortgagor, and accepts less than the full amount owed to satisfy the debt.
The short sale of a property is initiated through negotiations with the existing lender. The short sale occurs when the lending bank agrees to discount a loan balance due to an economic hardship on the part of the mortgagor, and accepts less than the full amount owed to satisfy the debt.
Why would my bank approve a short sale?
From your mortgage lender's standpoint, it's all about smart business. If the bank has to complete the entire foreclosure process, it could lose more money than it could recover by agreeing to a short sale. The lender will assess the profit and loss potential in both foreclosure and short sale scenarios, when deciding on approving your short sale.
Keep in mind all the costs of the foreclosure process, plus the bank's costs of owning a home while waiting for a buyer. Assuming a bank owns a property for an average of six months in today's market, costs can include Attorney Fees, Utilities, Maintenance and Repairs, Property Insurance, and Holding Costs.
Add those costs to the interest already lost on the mortgage, and the bank is looking at a loss potentially adding up to tens of thousands of dollars. The costs keep adding up in the event the bank is unable to find a buyer.
Keep in mind all the costs of the foreclosure process, plus the bank's costs of owning a home while waiting for a buyer. Assuming a bank owns a property for an average of six months in today's market, costs can include Attorney Fees, Utilities, Maintenance and Repairs, Property Insurance, and Holding Costs.
Add those costs to the interest already lost on the mortgage, and the bank is looking at a loss potentially adding up to tens of thousands of dollars. The costs keep adding up in the event the bank is unable to find a buyer.
Do I qualify for a short sale?
If you are considering a short sale, you will need to meet some basic requirements.
Are you able to answer "yes" to the following requirements?
The House's Market Value has Dropped
The is no available equity in your home, and the current amount owed to the lender is greater than the fair market value for the home. A large number of homes fall into this category based on current market conditions, and the rapidly dropping values of homes across the country.
The Mortgage is in, or approaching, Default Status
In the past, lenders would not consider a short sale if your payments were current. That is no longer true today, based on current economic conditions. Because many factors can contribute to a potential default, many lenders are willing to find solutions to future problems before they arise.
The Homeowner has Fallen on Hard Times
The homeowner will be required to submit a letter of hardship to the bank, explaining why the homeowner has or will stop making monthly payments. Examples of hardship include Unemployment, Divorce, Bankruptcy, Medical Emergencies, and Death.
The Homeowner has No Assets
Most lenders will want to see that the homeowner does not have any assets that could be used to pay the shorted difference of the mortgage. Your lender will likely request copies of your bank statements and tax returns.
Are you able to answer "yes" to the following requirements?
The House's Market Value has Dropped
The is no available equity in your home, and the current amount owed to the lender is greater than the fair market value for the home. A large number of homes fall into this category based on current market conditions, and the rapidly dropping values of homes across the country.
The Mortgage is in, or approaching, Default Status
In the past, lenders would not consider a short sale if your payments were current. That is no longer true today, based on current economic conditions. Because many factors can contribute to a potential default, many lenders are willing to find solutions to future problems before they arise.
The Homeowner has Fallen on Hard Times
The homeowner will be required to submit a letter of hardship to the bank, explaining why the homeowner has or will stop making monthly payments. Examples of hardship include Unemployment, Divorce, Bankruptcy, Medical Emergencies, and Death.
The Homeowner has No Assets
Most lenders will want to see that the homeowner does not have any assets that could be used to pay the shorted difference of the mortgage. Your lender will likely request copies of your bank statements and tax returns.
Is a short sale the best option for me?
If you have negative equity in your home, are behind on your payments, or may be unable to continue making payments, a short sale may work for you. If you are unable to sell your home for the amount you owe your mortgage lender on the balance of your loan, a short sale is one option to get your home sold.
Only you can decide what choice is the best for you regarding your home and financial future.
A short sale is one potential option in avoiding foreclosure. Other options include loan modification and bankruptcy, among others. Because we are not attorneys, we do not give advice on which option you should pursue. We can, however, help you in the event you chose to short sale your home.
A short sale allows you to avoid foreclosure, and the hopelessness and anxiety involved.
Some of the benefits include:
Only you can decide what choice is the best for you regarding your home and financial future.
A short sale is one potential option in avoiding foreclosure. Other options include loan modification and bankruptcy, among others. Because we are not attorneys, we do not give advice on which option you should pursue. We can, however, help you in the event you chose to short sale your home.
A short sale allows you to avoid foreclosure, and the hopelessness and anxiety involved.
Some of the benefits include:
- Retaining some digity in the situation because you sold your home
- Avoiding foreclosure and the social stigma associated with foreclosure
- Avoiding a foreclosure or bankruptcy on your credit report
- You may be eligible to buy another home much sooner than with a foreclosure
- You pay nothing to us for your short sale transaction
- A FRESH START
The short sale process is a WIN-WIN-WIN
situation for all parties involved.
Sellers: Benefit the most from a short sale by avoiding a stressful and costly forclosure process, and having the ability to move on with life without the long term effects of a foreclosure.
Lenders: Avoid the costs of a foreclosure and the negative consequences of holding an REO property. Remember, banks are in the business of lending, not owning properties.
Buyers: Benefit by purchasing a property at a discounted price.
situation for all parties involved.
Sellers: Benefit the most from a short sale by avoiding a stressful and costly forclosure process, and having the ability to move on with life without the long term effects of a foreclosure.
Lenders: Avoid the costs of a foreclosure and the negative consequences of holding an REO property. Remember, banks are in the business of lending, not owning properties.
Buyers: Benefit by purchasing a property at a discounted price.
Tampa Bay Short Sales has always been an industry leader in the protection we provide to our clients in writing.
We are excited to announce that after February 1, 2011, the Federal Trade Commission requires the following disclosures on ALL short sale professionals' websites.
When looking for a professional company to assist you in your short sale, you should look for the following information and disclosures on their website.
The following disclosures are being made pursuant to the Federal Trade Commission’s Mortgage Assistance Relief Services (“MARS”) Rules (16 C.F.R. Part 322).
IMPORTANT NOTICE: Before using this service, consider the following information:
Tampa Bay Short Sales does not and cannot charge you any upfront fees in conjunction with agreeing to buy your dwelling via a short sale or for providing you any other type of mortgage assistance relief service.
Tampa Bay Short Sales is NOT associated with any government agency or program, and our company is NOT approved by the government or your lender(s).
Even if you accept this offer and use our service to sell your dwelling via a short sale, your lender may not agree to change your loan or approve the short sale.
Tampa Bay Short Sales is not and will not provide you with legal advice or representation.
At this time no one knows how long it will take to complete the short sale. There is no guarantee that the short sale or any other type of mortgage assistance relief service will be approved by your lender(s).
You may stop doing business with us at any time with regard to the short sale, our short sale negotiation services(if any), or real estate brokerage services(if any) which are being provided to you as a part of our effort to buy your house.
You may accept or reject the offer of mortgage assistance including the short sale approval that we may obtain from your lender or servicer. If you accept the offer, you may have to pay us a fee of $0 (zero dollars) for our short sale negotiation services. This fee and all other fees associated with the short sale of your dwelling will be listed on the HUD 1 closing statement. You may be obligated to pay us or an affiliate a commission for real estate brokerage services if you reject a written short sale offer acceptable to the buyer.
If you stop paying your mortgage, you could lose your home and damage your credit rating. Any decision to stop or limit communication with your lender should be determined by you and your legal counsel in accordance with the Fair Debt Collection Practices Act.
When looking for a professional company to assist you in your short sale, you should look for the following information and disclosures on their website.
The following disclosures are being made pursuant to the Federal Trade Commission’s Mortgage Assistance Relief Services (“MARS”) Rules (16 C.F.R. Part 322).
IMPORTANT NOTICE: Before using this service, consider the following information:
Tampa Bay Short Sales does not and cannot charge you any upfront fees in conjunction with agreeing to buy your dwelling via a short sale or for providing you any other type of mortgage assistance relief service.
Tampa Bay Short Sales is NOT associated with any government agency or program, and our company is NOT approved by the government or your lender(s).
Even if you accept this offer and use our service to sell your dwelling via a short sale, your lender may not agree to change your loan or approve the short sale.
Tampa Bay Short Sales is not and will not provide you with legal advice or representation.
At this time no one knows how long it will take to complete the short sale. There is no guarantee that the short sale or any other type of mortgage assistance relief service will be approved by your lender(s).
You may stop doing business with us at any time with regard to the short sale, our short sale negotiation services(if any), or real estate brokerage services(if any) which are being provided to you as a part of our effort to buy your house.
You may accept or reject the offer of mortgage assistance including the short sale approval that we may obtain from your lender or servicer. If you accept the offer, you may have to pay us a fee of $0 (zero dollars) for our short sale negotiation services. This fee and all other fees associated with the short sale of your dwelling will be listed on the HUD 1 closing statement. You may be obligated to pay us or an affiliate a commission for real estate brokerage services if you reject a written short sale offer acceptable to the buyer.
If you stop paying your mortgage, you could lose your home and damage your credit rating. Any decision to stop or limit communication with your lender should be determined by you and your legal counsel in accordance with the Fair Debt Collection Practices Act.