Frequently asked short sale questions
How much will a short sale cost me?
All services provided by Tampa Bay Short Sales are free to homeowners.
You will pay NO out of pocket costs, including realtor fees and closing costs.
Am I required to pay taxes on the reduced debt of my mortgage?
A majority of homeowners considering a short sale will be able to take advantage of the Mortgage Debt Relief Act of 2007, which generally allows homeowners to exclude income from the discharge of debt on their principal residence.
This provision applies to debt forgiven in calendar years 2007 through 2012.
How long does a short sale take?
The short sale process can vary widely depending on your lender and current market conditions. Some lenders issue approvals very quickly, while others can take months to finalize the process. It is important to act quickly if you choose a short sale of your home, to avoid running past any pending foreclosure dates.
I have already been issued a notice of foreclosure. Is it too late?
No! But again, you will want to act quickly to begin the short sale process with your bank and avoid running past the foreclosure date. No matter what you decide to do, the worst thing you can do is wait and simply run out of time.
What is required of me to short sale my home?
Tampa Bay Short Sales will complete a majority of the work required to complete your short sale.
You will be required to provide financial information to your lender, allow our team to perform an appraisal on your home, and show your property to our buyers.
How do I sell my home with Tampa Bay Short Sales?
You can contact us by phone 9am-9pm at 813-210-7073.
You can email us at firstname.lastname@example.org
Or simply fill out our easy form to request your FREE, NO OBLIGATION CONSULTATION
Still have more questions?
Click here to request more information.
Our team is ready to help.
Feel free to contact us to take the first step down the road to relief, or simply ask a question or two.
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.