Short Sale vs. Foreclosure – What’s the Difference?

Whether you’re a buyer or a borrower / seller, a short sale and foreclosure each present different advantages and difficulties. What Is A Foreclosure In ? In simple terms, “a foreclosed home is one in which the owner is unable to make his mortgage loan payments and the bank repossessed the home” (source).  If you stop … Continued

What is a Pre-Foreclosure in Tampa?

With millions of homes across the country going into foreclosure, it’s important for both buyers and mortgage holders to understand the process. What is a pre-foreclosure in ? Many homeowners across America and in are facing difficulties making their monthly mortgage payments. When a homeowner misses 3-6 months of mortgage payments, the lending institution will issue a warning … Continued

How to stay in my home after foreclosure in Tampa

A recent study estimates that 47% of foreclosed properties are still occupied. What most people don’t realize is that banks aren’t in the business to own homes. Instead, they are in the business to loan people money. When the bank has to foreclose on a house, they are forced to own the home until they’re … Continued

Understanding the Foreclosure Process in FL

Understanding the foreclosure process in is an important part of navigating your own home foreclosure. Before we dive in… What is foreclosure anyway? Foreclosure is the legal process that lenders use to take back property securing a loan, generally after the borrower stops making payments. Foreclosure is not a positive situation but it doesn’t have to be … Continued

Can I sell my Tampa house in foreclosure?

Do you have a house that’s in foreclosure right now? Many people going through the foreclosure process want to get out from under that burdensome house and wonder if they can sell the house that is in foreclosure. The short answer: yes. The long answer: it’s a little more complicated, but usually you can sell your property prior … Continued