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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.
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It doesn't matter how upside down on your loan you are.
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Job Loss? Divorce? Medical Issues? Moving out of State?
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Should I short sale my home?
Ask yourself these questions.
Can you afford to keep your home?
Is the change in your financial situation a matter of only weeks, months or longer? You may be able to postpone or make partial payments for a few months by contacting your lender. If you have become permanently unemployed, disabled or are facing other long term economic hardship, it is best to address reality sooner rather than later. You will have more choices by addressing the problem early rather than waiting.
Do you want to keep your home?
Employment changes, marital status, health problems, and other life events often turn a desirable home into a nagging problem. Be sure to evaluate your current situation and home to determine if the property is still best for you and your family.
Can you afford your other financial commitments?
Short sales can be a great choice for those looking to avoid bankruptcy or planning to restructure current debt.
Are you unable to refinance or obtain a loan modification?
As a result of sharply declining property values, many homeowners may be unable to qualify for a loan modification or refinance their existing mortgage. There are programs available for refinancing and modification, and these programs have different requirements for home values and income. Contact your lender for details. Keep in mind that when your monthly payment amount is adjusted, you will still be required to make payments on time.
Do you owe more on the home than it is worth?
Today’s declining real estate values coupled with adjustable interest rate loans have created a situation where many homeowners owe more than the fair market value of their home. Determine what is important to you. Will you be able to pay down a high mortgage while saving for retirement, your children’s education, unexpected emergencies, and other household expenses?
Do you want to avoid repairing your home in order to sell?
Nothing is worse than spending money in order to sell a property just to lose money. Tampa Bay Short Sales routinely purchases properties in “as is” condition saving you the hassle and financial burden required to sell your home with the traditional approach.
Do you need to sell relatively quickly?
Because of the current recession, there is an abundance of inventory for buyers to choose from. If you need to sell, you must set the price competitively and move quickly to position your home to sell rapidly. Although a short sale doesn’t happen overnight they usually sell much faster than a regular MLS listing in today’s current market.
Tampa Bay Short Sales is the BEST choice for selling your home in today's complicated real estate market. Why choose Tampa Bay Short Sales?
Our AWARD WINNING team includes the best short sale Realtors, negotiators, title agents, and investment management in the Tampa Bay Area, with extensive experience in the complex Tampa real estate market.
Our investment portfolio allows us to submit an offer to your bank RIGHT AWAY. You don't have to wait three months, six months, or more for an offer to come along to begin your short sale.
Our unique process includes THE BEST options for selling your home in the current market.
Tampa Bay Short Sales offers complete homeowner protection, in writing and in easy to understand plain language.
All Realtor fees, commissions, and closing costs are paid for you. You can sell your home at no cost to you.
We provide real estate listing, selling, buying, and closing services as a bundled product, allowing homeowners to meet the strict time frames and requirements of lenders during the short sale process.
Tampa Bay Short Sales is not a "foreclosure rescue" company that charges up-front fees or retainers. There are no charges or fees for any homeowners, and our team is comprised of veteran Realtors, negotiators, and management.
Call and speak with our team today for more information.
Foreclosures Not Stablized Leslie Berkman, The Press-Enterprise Staff Writer More than 126,000 homes in Inland Southern California received a foreclosure-related notice last year, which was about seven times as many as in 2006 but only 12 percent more than in 2008.
RealtyTrac’s Latest Foreclosure Data: ‘No End In Sight’ Dawn Wotapka, Wall Street Journal Staff Writer It’s been a brutal year for foreclosure activity and there’s “no end in sight,” says Rick Sharga, senior vice president of RealtyTrac.
U.S. 2009 Foreclosures Shatter Record Despite Aid Lynn Adler, Reuters Staff Writer U.S. foreclosure actions shattered all records in 2009 and will do so again this year, with unemployment and wage cuts overcoming programs to remedy failing home loans, RealtyTrac said on Thursday.
01.14.2010
Foreclosures Jump in December After Months of Declines ie Armour, USA TODAY Staff Writer Foreclosure filings increased 14% in December from November, the first monthly increase since foreclosure activity peaked in July, according to a RealtyTrac report out Thursday.
01.14.2010
Michigan Foreclosures Soar Despite Effort to Delay Them Greta Guest, Detroit Free Press Business Writer Foreclosure filings in Michigan jumped last year even with a freeze on foreclosures, suggesting that 2010 could be another rough year in a state where one out of every 38 households is in foreclosure.
01.14.2010
Hawaii Foreclosures Surge Allison Schaefers, Honolulu Star-Bulletin Staff Writer A triple-digit increase in December foreclosures transformed Hawaii into a top 10 state for foreclosure activity and pushed monthly and year-end totals to their highest level since 2005.
01.13.2010
Foreclosures Hit a Record in 2009. This Year Could be Worse. Laurent Belsie, Staff Writer A record 2.8 million US properties were served with foreclosure filings in 2009. This year, it could be even worse as a new wave of homeowners falls into delinquency.
01.11.2010
12.10.2009
Foreclosures Fall, But Banks Bracing For Next Big Wave Laurent Belsie, Christian Science Monitor Staff Writer In November, for the fourth month in a row, the number of foreclosure filings in the United States declined -- an 8 percent drop from October, according to RealtyTrac.
12.10.2009
New Yorkers at Risk of Losing Homes Surges 85% in November Phyllis Furman, Daily News Business Writer With city unemployment at 10.3%, the number of New Yorkers at risk of losing their homes surged 85% in November compared with November of last year, according to RealtyTrac.
12.10.2009
Florida Jumps to No. 2 Spot for Number of Foreclosures Kimberly Miller, Palm Beach Post Staff Writer Florida bumped California in November to earn the No. 2 rank nationally for the rate of foreclosures, according to a report to be released today by Irvine, Calif.-based RealtyTrac.
12.10.2009
U.S. Foreclosures to Reach Record 3.9 Million in 2009 Dan Levy, Bloomberg News Staff Writer Foreclosure filings in the U.S. will reach a record for the second consecutive year with 3.9 million notices sent to homeowners in default, RealtyTrac Inc. said.
Fewer Losing Homes in D.C. Area Renae Merle, Washington Post Staff Writer Bank repossessions of homes in the Washington area declined last month but are on pace to surpass last year's total in most parts of the region by the end of the year, according to RealtyTrac.
11.12.2009
Sharp Increase in Inland Southern California Defaults for October Leslie Berkman, Press-Enterprise Staff Writer Inland Southern California, reeling from failed mortgages, ranked fourth in the nation last month in the rate of all foreclosure activity, anccording to RealtyTrac.
11.12.2009
Foreclosures Fall Again But Improvement Likely Fleeting Joseph Pisani, CNBC News Associate Foreclosure rates fell for the third consecutive month in October, but remained sharply higher than a year ago, according to RealtyTrac.
Foreclosures: 'Tide May be Turning' Les Christie, CNNMoney.com Staff Writer Could the foreclosure plague be ending? Foreclosure filings were down 3% in October, the third consecutive month-over-month dip, according to RealtyTrac, the online seller of foreclosed homes.
11.12.2009
Illinois Third Highest State in Foreclosure Filings Francine Knowles, Chicago Sun-Times Staff Writer Illinois posted the third-highest state total of homes receiving foreclosure filings last month, RealtyTrac's latest report shows.
11.12.2009
US Foreclosures Slow a 3rd Month; Lull Temporary Lynn Adler, Reuters Staff Writer U.S. home foreclosure filings slowed in October for a third straight month, but rising unemployment will spur another record year of failing mortgages in 2010, RealtyTrac said.
Hawaii Foreclosure Rate Rises in October Allison Schaefers, Star Bulletin Staff Writer Hawaii foreclosures rose in October to their third highest total of the year, more than doubling from the prior year, according to data released today by the online foreclosure marketplace RealtyTrac.
11.12.2009
Better Foreclosure Numbers? Not Really Ilyce Glink, CBS Money Watch.com Staff Writer For the third month in a row, the number of foreclosures decreased slightly. Is the tide of foreclosures turning? Not really. It’s more like a temporary lull.
11.12.2009
Housing Numbers Up, But Will They Last? Annie Baxter, Minnesota Public Radio Rick Sharga, and executive at the housing data firm RealtyTrac, said tax credit was a necessary measure for stabilizing the housing market.
U.S. Foreclosure Filings Surpass 300,000 for 8th Straight Month Dan Levy, Bloomberg News Staff Writer U.S. foreclosure filings surpassed 300,000 for an eighth straight month as unemployment made it tougher for homeowners to pay their bills, RealtyTrac Inc. said.
11.12.2009
U.S. Foreclosure Filings Up 5 Percent in Third Quarter Alan J. Heavens, Inquirer Real Estate Writer Foreclosure filings rose 5 percent nationally in the third quarter to the highest three-month rate in almost five years, RealtyTrac Inc., of Irvine, Calif., reported yesterday.
11.03.2009
The Outlook for Home Foreclosures Barbara Kiviat, TIME Magazine Staff Writer TIME's Barbara Kiviat spoke with Rick Sharga, vice president of RealtyTrac, a firm that counts foreclosures, to find out what we might expect with home sales and prices moving forward.
Foreclosure Hot Spots Spread to Idaho and Utah United Press International Foreclosures fell in five of the top ten markets for distressed sales during the third quarter, but new foreclosure hot spots cropped up in unlikely Western markets, according to RealtyTrac.
Foreclosures Spread to Middle Class Nancy Cook, NEWSWEEK Staff Writer "We're not out of the woods yet," says Rick Sharga, RealtyTrac's senior vice president.
10.28.2009
Honolulu Foreclosures Rising Allison Schaefers, Star Bulletin Staff Writer Honolulu's foreclosure rate of one filing per every 282 households was ranked No. 133 out of 203 metros, according to the latest report released today from RealtyTrac, an online foreclosure marketplace.
10.28.2009
Foreclosures Up 2 percent in LA-Long Beach-Santa Ana Region Muhammed El-Hasan, Daily Breeze Business Writer A swath of Southern California that includes Los Angeles, Long Beach and Santa Ana saw a higher number of homes in the foreclosure process in the third quarter, according to RealtyTrac.
10.28.2009
Move Over Merced: Foreclosures Intensify in New Crop of Western Cities Nick Timiraos, Wall Street Journal Staff Writer Five cities that rank in the top 10 foreclosure markets saw the number of properties with foreclosure filings decline, according to the latest report from RealtyTrac.
10.28.2009
New Foreclosure Hot Spots Lisa Scherzer, Smart Money Staff Writer Some new foreclosure hot spots are emerging, giving the old standbys some company, according to RealtyTrac.
Vegas Foreclosure Filings Up Nearly 9 Percent in Q3 Steve Green, Las Vegas Sun Staff Writer RealtyTrac reported Nevada led the nation in the percentage of housing units receiving foreclosure filings in September and the third quarter.
10.28.2009
Foreclosure Rate Hits 1 in 37 Reno Homes Jason Hidalgo, Reno Gazette-Journal Staff Writer Reno-Sparks posted a foreclosure-related activity rate of one in every 37 housing units during the third quarter, according to RealtyTrac.
10.28.2009
Foreclosures: Worst-hit Cities Julianne Pepitone, CNNMoney.com StaffRreporter RealtyTrac released its list of cities with the biggest foreclosure problems during the third quarter.
10.28.2009
Cities With the Worst Foreclosure Rates Julianne Pepitone, CNNMoney.com Staff Reporter While foreclosure rates are easing in some of the hardest-hit cities, the crisis is beginning to expand into new metro areas.
U.S. Foreclosures Spike in New Regions in 3rd Qtr Lynn Adler, Reuters Staff Writer U.S. mortgage defaults ebbed in some hard-hit cities in the third quarter, real estate data company RealtyTrac said.
10.28.2009
Foreclosure Rates for Top Metro Areas in Q3 USA TODAY Despite an overall increase in foreclosures, some metro areas are seeing rates decrease and other areas developing into trouble spots.
10.27.2009
Foreclosures on the Rise in 2009 Barbara Hansen, Julia Schmalz and Juan Thomassie, USA TODAY Home foreclosures increased 22.5% in third quarter 2009 vs. third quarter 2008.
10.15.2009
Staten Island Continues to Feel Pain of Home Foreclosures Karen O'Shea, SIlive.com Staff Writer One in every 251 homes in the borough was in foreclosure during the third quarter, according to a report released today by RealtyTrac, which also posted the highest-ever quarterly number of foreclosures nationwide.
10.15.2009
Virginia Foreclosures Up 4.1 Percent from Last Year Alexa Welch, Richmond Times-Dispatch Staff Writer Foreclosure activity in Virginia rose 4.1 percent from July through September from the same period a year ago, according to a RealtyTrac report being released this morning.
10.15.2009
Foreclosures Leap in Sarasota County Tom Bayles, Herald Tribune Staff Writer Foreclosure filings in Sarasota County spiked by 50 percent in September, even as an end-of-summer lull continued in Manatee and Charlotte counties, According to RealtyTrac.
10.15.2009
Maui Leads in Foreclosures Allison Schaefers, Star Bulletin Staff Writer Maui's foreclosure rate surpassed the national level in September and activity on Maui and Kauai overtook the nation during the third quarter, according to data released today from RealtyTrac.
10.15.2009
Foreclosures: 'Worst Three Months of All Time' Les Christie, CNNMoney.com Staff Writer Despite concerted government-led and lender-supported efforts to prevent foreclosures, the number of filings hit a record high in the third quarter, according to RealtyTrac.
10.15.2009
Foreclosures Rise 5 Percent from Summer to Fall Alan Zibel, Associated Press Staff Writer The foreclosure crisis affected nearly 938,000 properties in the July-September quarter, compared with about 890,000 in the prior three months, according to a report released Thursday by RealtyTrac Inc.
10.15.2009
Foreclosure-related Filings Rise on LI Ellen Yan, Newsday Staff Writer Long Island's foreclosure-related filings for the third quarter shot up more than the national average compared to the same period last year, according to RealtyTrac, an online market for foreclosed homes.
10.15.2009
Foreclosures in 3rd Quarter Up Nearly 23% From 2008 Stephanie Armour, USA TODAY Staff Writer Foreclosure filings were reported on 937,840 properties in the third quarter, an increase of nearly 23% from the third quarter of 2008, according to a report today by RealtyTrac.
10.15.2009
S. Fla. Foreclosures Surge Monica Hatcher Miami Herald Staff Writer Foreclosures in Miami-Dade County surged 94 percent in September compared to a year ago, according to RealtyTrac.
10.15.2009
3Q Foreclosures Rise 22%, Putting Michigan in Top 10 Greta Guest, Detroit Free Press Business Writer Michigan foreclosure activity rose 22% in the third quarter, putting it in the top 10 for foreclosure activity, according to RealtyTrac data released today.
10.15.2009
Florida's Foreclosure Rate Slows -- But Still Fourth-worst in U.S. Mary Shanklin, Orlando Sentinel Staff Writer The number of homes entering foreclosure increased 2 percent nationally from the second to third quarter but fell 6 percent in Florida, according to RealtyTrac.
10.15.2009
U.S. Foreclosure Filings Jump 23% to Record in Third Quarter Dan Levy, Bloomberg News Staff Writer U.S. foreclosure filings climbed to a record in the third quarter as lenders seized more properties from delinquent borrowers, according to RealtyTrac Inc.
09.10.2009
U.S. Foreclosures Near Record, Peak in Late 2010 Lynn Adler, Associated Press Staff Writer U.S. mortgage foreclosure filings in August hovered near July's record high despite broad efforts to keep borrowers in their homes and will probably rise for another year, according to RealtyTrac.
09.10.2009
Reno Foreclosures Continue to Soar Jason Hidalgo, Reno Gazette-Journal Staff Writer Washoe saw foreclosure-related activity rise by 25 percent from July, fueled by a 46 percent jump in notices of default in August, according to the latest monthly report from RealtyTrac.
09.10.2009
August Foreclosure Filings Were Flat but Remain High Renae Merle, Washington Post Staff Writer RealtyTrac counted 358,471 foreclosure filings nationally, which can range from default notices to bank repossessions.
09.10.2009
Foreclosures Rise Sharply in Illinois in August Anna Marie Kukec, Daily Herald Staff Writer RealtyTrac is reporting a 22-percent year-to-year increase in foreclosures in Illinois during August. The state remains in the top 10 nationally.
Nevada Mediation Law May Have Slowed Default Notices Brian Wargo, Las Vegas Sun Staff Writer California-based RealtyTrac reported the 4,563 home repossessions in Nevada in July were the most in the state’s history and pushed overall filings up 4 percent compared with June.
08.17.2009
Foreclosures in Coachella Valley Up 68 Percent Debra Gruszecki, Desert Sun Staff Writer The foreclosure crisis continued to deepen in California in the first half of the year, with the Coachella Valley recording a 68 percent rise in activity compared to the same period in 2008.
08.16.2009
Foreclosures Hitting Hard in Kona Bret Yager, Hawaii Tribune-Herald Staff Writer Kailua, Kona had 78 foreclosure filings in July, which represents one home out of every 200, according to the Mainland-based research firm RealtyTrac.
08.15.2009
Indiana's 8.4 Percent Spike in Foreclosure Filings Worrisome Jeff Swiatek, IndyStar.com Staff Writer Lenders carried out 5,186 foreclosure filings last month in Indiana, an 8.4 percent upswing from the same month last year, according to a report from RealtyTrac.
08.14.2009
NJ Foreclosures Soar To 31 Percent During 1st Half Of 2009 Charissa Che, WPIX.com Staff Writer New Jersey's recent good news led many to celebrate too soon: statistics for the first six months of the year showed that foreclosures were down, even given a high unemployment rate.
08.13.2009
July Foreclosure Filings Soar in Broward Paul Owers, South Florida Sun-Sentinel Staff Writer Broward County continues to be one of Florida's hardest-hit areas when it comes to foreclosure, but the problem isn't nearly as severe in Palm Beach County.
08.13.2009
Bay State Foreclosures Jump 43 Percent in July Thomas Grillo, Boston Herald Staff Writer The number of Bay State homes in foreclosure soared by 43 percent in July compared to the same month last year, according to a new report from RealtyTrac.
08.13.2009
N.J. Foreclosures Rise 21 Percent Lisa Fleisher, The Star-Ledger Staff Writer Home foreclosure filings in New Jersey increased more than 21 percent during the first half of this year compared with last year.
08.13.2009
Illinois Foreclosures Jump 35 Percent Sandra Guy, Sun-Times Staff Writer Illinois had 14,524 foreclosure filings in July, a 35 percent increase from June, according to a report issued Thursday by RealtyTrac.
Foreclosure Filings Jump in July Renae Merle, Washington Post Staff Writer RealtyTrac counted 360,149 foreclosure filings nationally, which can range from default notices to bank repossessions. That was up 7 percent from June and 32 percent from July 2008.
08.13.2009
RealtyTrac Data: Foreclosure Filings Up 7 Percent Nick Timiraos, Wall Street Journal Staff Writer The weak U.S. economy isn’t doing the housing market any favors. Foreclosure filings increased by 7% in July from the previous month, according to data out Thursday from RealtyTrac.
08.13.2009
Foreclosures in Nevada Lead Nation Reno Gazette-Journal Staff Writers Nevada registered the highest rate of foreclosures in the nation in July, holding the dubious distinction for the 31st consecutive month, according to RealtyTrac.
08.13.2009
Another Record Month for Foreclosures in July Charlie Herman, ABC News RealtyTrac will report Thursday that a record 360,149 homeowners received a foreclosure filing in July, up 7 percent from the previous month and up 32 percent from a year ago.
08.13.2009
U.S. Home Foreclosures Set Another Record in July Lynn Adler, Reuters Staff Writer Foreclosure activity jumped 7 percent in July from June and 32 percent from a year earlier as one in every 355 households with a loan got a foreclosure filing, according to RealtyTrac.
08.13.2009
Orlando Remains Foreclosures 'Hot Spot' Mary Shanklin, Orlando Sentinel Staff Writer "Although Orlando — and Florida — still have a high foreclosure rate, it's not as high as it was," said Daren Blomquist, RealtyTrac spokesman.
08.13.2009
Foreclosure Fallout Hangs Heaviest in Southwest Fla. By Tom Bayles & Aaron Kessler, Herald Tribune Staff Writers July foreclosure statistics provided on Wednesday by California's RealtyTrac Inc. provided few signs that things are slowing down.
08.13.2009
Foreclosures Hit Record 990 in July Erika Engle, Star Bulletin Staff Writer A record 990 Hawaii homes were foreclosed upon in July, a 332 percent increase over a year ago, according to the RealtyTrac.
08.13.2009
Home Foreclosure Filings Up More Than 100 Percent in Seattle Area Chris Crygiel, Seattle Post Intelligencer Staff Writer Home foreclosure filings in the greater Seattle area increased 115 percent in July compared to the same period last year, according to RealtyTrac.
08.13.2009
Foreclosure Pipleine Grows Eve Mitchell, Mercury News Staff Writer The number of foreclosed homes in the Bay Area scheduled to be sold at upcoming foreclosure auctions nearly tripled in July from a year ago, according to RealtyTrac.
08.13.2009
Foreclosure Plague: No Cure Yet Les Christie, CNNMoney.com Staff Writer There were more than 360,000 properties with foreclosure filings -- including default notices, scheduled auctions and bank repossessions, according to RealtyTrac.
U.S. Foreclosure Filings Set Third Record-High in Five Months Dan Levy, Bloomberg News Staff Writer Foreclosure filings in the U.S. climbed to a record for the third time in five months in July as falling home prices and the recession left more homeowners unable to keep up payments or refinance.
07.30.2009
Chicago Area Sees Upswing in Home Foreclosures Francine Knowles, Chicago Sun Times Staff Writer The number of Chicago metropolitan area homes hit with a foreclosure filing spiked 30 percent in the first six months of the year compared to the same period a year earlier, according to RealtyTrac.
07.30.2009
Seattle Foreclosures Up Through First Half of 2009 Aubrey Cohen, Seattle Post-Inteligencer Staff Writer The Seattle area's home foreclosure rate continued to rise through the first half of this year, and was 76th highest among 203 large U.S. metropolitan areas, according to RealtyTrac.
07.30.2009
Las Vegas, Fort Myers, Florida Lead U.S. in Defaults Brian Louis, Bloomberg Staff Writer Las Vegas and Cape Coral-Fort Myers, Florida led U.S. metropolitan areas in foreclosures in the first half of the year as unemployment and falling home prices forced home-loan defaults, RealtyTrac Inc. said.
Defaults Still Vexing Inland Area Leslie Berkman, Press-Enterprise Staff Writer Foreclosures continue to intensify in Riverside and San Bernardino counties, fueled by job losses and the failure of high-risk mortgages made during the boom years.
07.17.2009
Utah Foreclosure Filings Double Paul Beebe, Salt Lake Tribune Staff Writer The number of Utah households in danger of losing their homes almost doubled in the first half of the year as more people lost their jobs and were struggling or unable to pay their monthly mortgage bills.
07.17.2009
Foreclosures Up: 1 in 84 Homes Affected in First Half of Year Stephanie Armour, USA TODAY Staff Writer There were 1.9 million foreclosure filings in the first six months of this year, a 15% increase from the first six months of 2008, according to a report today from RealtyTrac.
07.16.2009
Foreclosures Rise 15% in 2009 Alan Zibel, The Associated Press via TIME Magazine The number of U.S. households on the verge of losing their homes soared by nearly 15 percent in the first half of the year, according to RealtyTrac.
07.16.2009
Arizona Has Second-highest Foreclosure Rate Edward Gately, Tribune Staff Writer One in every 30 homes across Arizona received at least one foreclosure filing during the first half of the year, according to RealtyTrac.
07.16.2009
US Foreclosure Crisis Spreads to New States Laurent Belsie, Christian Science Monitor Staff Writer America’s foreclosure crisis – which has been concentrated in Arizona, California, Florida, and Nevada – is beginning to spill over to neighboring states.
07.16.2009
Foreclosures Rise Catherine Rampell, New York Times Staff Writer One in 84 American housing units received at least one foreclosure filing in the first half of the year, according to RealtyTrac, the online marketplace for foreclosure properties.
US Foreclosures Continue Shattering Records: RealtyTrac Dawn Wotapka, Wall Street Journal Staff Writer National foreclosure filings in the U.S. continue shattering records, propelled by mounting unemployment and continued erosion of home values.
07.16.2009
Foreclosure Crisis Affects More Than 1.5 Million Homes Alan Zibel, Associated Press Staff Writer The mushrooming foreclosure crisis affected more than 1.5 million homes in the first six months of the year, according to a report released Thursday by foreclosure listing service RealtyTrac Inc.
US foreclosures at record high in first half 2009 despite aid Lynn Adler, Reuters Staff Writer U.S. home foreclosure activity galloped to a record in the first half of the year, overwhelming broad efforts to remedy failing loans while job losses escalated.
07.16.2009
Foreclosure Filings in U.S. Reach Record 1.5 Million Dan Levy, Bloomberg News Staff Writer U.S. foreclosure filings hit a record in the first half, a sign that job losses and falling property prices deepened the housing recession, according to RealtyTrac Inc.
07.16.2009
Foreclosures Up: 1 in 84 Homes Affected in First Half of Year Stephanie Armour, USA TODAY Staff Writer There were 1.9 million foreclosure filings in the first six months of this year, a 15 percent increase from the first six months of 2008, according to a report today from RealtyTrac.
Foreclosure Rate Stays On The Boil In May Maurna Desmond, Forbes Staff Writer Foreclosures slid a bit in May from the month before, but they remained at an elevated level, according to RealtyTrac.
06.11.2009
Oregon Foreclosures 12th Highest in Nation Steve Law, Portland Tribune Staff Writer Oregon had the 12th highest rate of foreclosure activity in the nation in May, according to a report issued Wednesday by RealtyTrac.
06.11.2009
Foreclosure Rate Dips in May, But Remains High Stephanie Armour, USA TODAY Staff Writer The pace of foreclosures remains at a historic high and mortgage demand is tumbling as interest rates climb, reflecting a wobbly housing recovery that could falter if rates continue to rise.
06.11.2009
Florida Foreclosures Jump 50 Percent; Tampa Up 32 Percent Richard Mullins, Tampa Bay Online.com Staff Writer Foreclosures jumped more than 32 percent in the Tampa, St. Petersburg, Clearwater area, compared to May 2008, according to RealtyTrac.
06.11.2009
Isle Foreclosures Set Record Allison Schaefers, Star Bulletin Foreclosures in Hawaii soared 397.6 percent last month to a record high and pushed the state to its highest national ranking since 2005.
06.11.2009
Foreclosures Slow 6 Percent in May Scott Mayerowitz, ABC News Business Writer The number of homes that received a foreclosure notice in May were up 18 percent from 2008, RealtyTrac said.
06.11.2009
Bank Repossessions Surge, More Foreclosures Hit the Market Emily Friedlander, Wall Street Journal Staff Writer Expect more foreclosed properties to hit the market. The number of U.S. properties for which a foreclosure filing was received rose 18% in May from a year earlier, according to RealtyTrac.
06.11.2009
U.S. Foreclosure Filings Top 300,000 as Bank Seizures Loom Dan Levy, Bloomberg News Staff Writer U.S. foreclosure filings surpassed 300,000 for the third straight month in May and may hit a record 1.8 million by the first half of the year, RealtyTrac Inc. said.
05.21.2009
Buying a foreclosed home Gerri Willis, CNN personal finance editor A study released yesterday by RealtyTrac.com and Truila.com shows that more Americans than ever are interested in buying foreclosed properties.
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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.