Tampa Short Sales
What is a short sale? Been hearing this term a lot lately on the news or around your Tampa Bay, FL neighborhood? There certainly seem to be a lot of Tampa short sales in and around Tampa right now. A short sale basically is when a bank or lender lets the homeowner of a property sell their home to a new buyer for less than what is currently owed on the mortgage(s). The homeowner normally must have some kind of hardship or good reason for the bank to let them short sale the home. In the past, most lenders would not even consider a short sale unless you were 3 months or more past due on the mortgage and the foreclosure process was being started. Now it seems that some banks are letting sellers start the short sale process before destroying their credit by going late on their mortgage payments. The short sale process can take anywhere from 3-9 months to happen and this process is not easy... a Tampa short sale expert is highly recommended and usually needed to complete this process.
Short Sales for Sellers
It is very common to hear right now of Tampa Bay homeowners or sellers behind in their mortgage payments, upside down in equity, needing to move but feeling stuck and helpless. They possibly have put the house on the market for sale or even tried to sell by
You really need a Tampa short sale expert to sell your home. Michael Valdes & Associates have been certified in distressed properties by the Loss Mitigation Institute, LLC. There are ways to get the short sale process completed and get your home sold,
Contact us today to see how to short sale your home to save it from foreclosure and also help save your credit!