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!
The Mortgage Forgiveness Debt Relief Act and Debt Cancellation
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. Up to $2 million of forgiven debt is eligible for this exclusion ($1 million if married filing separately). The exclusion does not apply if the discharge is due to any reason not directly related to a decline in the home's value or the taxpayer's financial condition.
What does exclusion of income mean?
Typically, debt that is forgiven by a lender must be included as income on the homeowner's tax return and is taxable. The Mortgage Forgiveness Debt Relief Act allows exclusion of certain cancelled debt on principal residences from income.
Does the Mortgage Forgiveness Debt Relief Act apply to debt incurred to refinance a home?
Debt used to refinance a home qualifies, but only to the extent that the principal balance of the previous mortgage, immediately before the refinancing, would have qualified.
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.