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	<title>Jerry Guy Buyers Agent Blog</title>
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		<title>Drew Park Home Short Sale</title>
		<link>http://homesforsaletampabay.info/blog/short-sales/drew-park-home-short-sale-3/</link>
		<comments>http://homesforsaletampabay.info/blog/short-sales/drew-park-home-short-sale-3/#comments</comments>
		<pubDate>Fri, 31 Dec 2010 17:44:32 +0000</pubDate>
		<dc:creator>Jerry Guy - Short Sales</dc:creator>
				<category><![CDATA[Short Sales]]></category>

		<guid isPermaLink="false">http://www.jerryguybuyersagent.com?id1=139&#038;id2=116&#038;id3=1190&#038;id4=121543</guid>
		<description><![CDATA[<p> When the sale price of a home is lower than the amount that is due on a mortgage, this is known as a short sale. </p><p> This usually happens when the homeowner has not been able to keep up with his mortgage payments. </p><p> It can be a decision on the part of the lender that begins the process of putting a property on the market on a short sale basis.  One example of this would be when, for instance, a homeowner has a mortgage of $150,000 and can no longer make his payments.  He and the institution that holds his loan might agree to put the house up for sale for much less than that $150,000. </p><p> A short sale is now begun.  Foreclosure proceedings usually take more time than putting a house on the market as a short sale. </p><p> The short-sale process is more complicated than a regular sale. </p><p> Short sales often require multiple level of approvals.  Debts to a homeowner's association or a second mortgage are sometimes found with short sales.  There may be other creditors also, such as the tax assessor, who must also approve the sale price. </p><p> The wide array of possible creditors, parameters and processes involved in a short sale makes it a relatively complex and highly-specialized type of real estate transaction. </p><p> Short sales are subject to failure more often than other types of sales because by the time all the creditors and requirements are satisfied enough time has elapsed that the property goes into foreclosure.  Contiguous agreement between the lender and the homeowner is necessary for the house to remain on the market as a short sale.  For instance, the homeowner may decide to try to refinance in order to keep the house, or he may decide the short sale is too difficult and settle for foreclosure.  On the other side, the lending institution may decide to remove the house from short sale because it wants to try to work with the owner so he can keep the house.  The complexities of purchasing on a short sale basis are in some ways similar to those of buying a foreclosed property. </p><p> Therefore, completing a short sale involves a longer time period and may entail more delays than the sale of a home on a non-short basis.  For this and other reasons, homes up for short sale will be prices below market value.  As with the purchase of any real estate property, you will want to do many things before you sign on the dotted line.  You will need to have your funding readily available.  You will want your own inspection of the home and its property. </p><p> You will need to check for those second- or third-tier creditors.  Finding out how much the current owner paid for the property, and the value of similar homes in the neighborhood, is a good idea. </p><p> As you can see, buying a short sale property is very complex and it is not advised that you do so without help.  A real estate agency that specializes in short sales will be very helpful when it comes to negotiating your purchase.  If the real estate agency does not offer you one, ask for the assistance of a buyer's agent.  A buyer's agent is specially trained to make the buying process as easy as possible.  Jerry Guy is a licensed Realtor who specializes in helping his clients find residences throughout the region, including the Brandon, Florida real estate and Tampa real estate markets. He has extensive knowledge of a range of properties including the highly-specialized categories of foreclosure, REO, Waterfront and Luxury Home properties. Whether you are undergoing military relocation or searching for homes in the Tampa Bay Area for sale to accommodate you and your family, our services can prove invaluable to your success. For more information, please visit Jerry's website at <a href="http://www.jerryguybuyersagent.com/">www.JerryGuyBuyersAgent.com</a>. </p>]]></description>
			<content:encoded><![CDATA[<p> When the sale price of a home is lower than the amount that is due on a mortgage, this is known as a short sale. </p><p> This usually happens when the homeowner has not been able to keep up with his mortgage payments. </p><p> It can be a decision on the part of the lender that begins the process of putting a property on the market on a short sale basis.  One example of this would be when, for instance, a homeowner has a mortgage of $150,000 and can no longer make his payments.  He and the institution that holds his loan might agree to put the house up for sale for much less than that $150,000. </p><p> A short sale is now begun.  Foreclosure proceedings usually take more time than putting a house on the market as a short sale. </p><p> The short-sale process is more complicated than a regular sale. </p><p> Short sales often require multiple level of approvals.  Debts to a homeowner's association or a second mortgage are sometimes found with short sales.  There may be other creditors also, such as the tax assessor, who must also approve the sale price. </p><p> The wide array of possible creditors, parameters and processes involved in a short sale makes it a relatively complex and highly-specialized type of real estate transaction. </p><p> Short sales are subject to failure more often than other types of sales because by the time all the creditors and requirements are satisfied enough time has elapsed that the property goes into foreclosure.  Contiguous agreement between the lender and the homeowner is necessary for the house to remain on the market as a short sale.  For instance, the homeowner may decide to try to refinance in order to keep the house, or he may decide the short sale is too difficult and settle for foreclosure.  On the other side, the lending institution may decide to remove the house from short sale because it wants to try to work with the owner so he can keep the house.  The complexities of purchasing on a short sale basis are in some ways similar to those of buying a foreclosed property. </p><p> Therefore, completing a short sale involves a longer time period and may entail more delays than the sale of a home on a non-short basis.  For this and other reasons, homes up for short sale will be prices below market value.  As with the purchase of any real estate property, you will want to do many things before you sign on the dotted line.  You will need to have your funding readily available.  You will want your own inspection of the home and its property. </p><p> You will need to check for those second- or third-tier creditors.  Finding out how much the current owner paid for the property, and the value of similar homes in the neighborhood, is a good idea. </p><p> As you can see, buying a short sale property is very complex and it is not advised that you do so without help.  A real estate agency that specializes in short sales will be very helpful when it comes to negotiating your purchase.  If the real estate agency does not offer you one, ask for the assistance of a buyer's agent.  A buyer's agent is specially trained to make the buying process as easy as possible.  Jerry Guy is a licensed Realtor who specializes in helping his clients find residences throughout the region, including the Brandon, Florida real estate and Tampa real estate markets. He has extensive knowledge of a range of properties including the highly-specialized categories of foreclosure, REO, Waterfront and Luxury Home properties. Whether you are undergoing military relocation or searching for homes in the Tampa Bay Area for sale to accommodate you and your family, our services can prove invaluable to your success. For more information, please visit Jerry's website at <a href="http://www.jerryguybuyersagent.com/">www.JerryGuyBuyersAgent.com</a>. </p>]]></content:encoded>
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		</item>
		<item>
		<title>Boyette Short Sale Of Home</title>
		<link>http://homesforsaletampabay.info/blog/short-sales/boyette-short-sale-of-home/</link>
		<comments>http://homesforsaletampabay.info/blog/short-sales/boyette-short-sale-of-home/#comments</comments>
		<pubDate>Fri, 31 Dec 2010 17:44:31 +0000</pubDate>
		<dc:creator>Jerry Guy - Short Sales</dc:creator>
				<category><![CDATA[Short Sales]]></category>

		<guid isPermaLink="false">http://www.jerryguybuyersagent.com?id1=139&#038;id2=116&#038;id3=1190&#038;id4=121544</guid>
		<description><![CDATA[<p> A short sale of a real estate property refers to selling it when the asking price is lower than the amount due on a mortgage. </p><p> A short sale is often the result of a homeowner being unable to keep up with his mortgage payments. </p><p> Rather than force the property into foreclosure, a lender will sometimes opt for the short sale.  For example, let's say a homeowner has $150,000 mortgage due on a house, and can no longer make his payments.  He and the institution that holds his loan might agree to put the house up for sale for much less than that $150,000. </p><p> A short sale is now begun.  Short-selling typically takes less time and is less expensive than foreclosure proceedings. </p><p> A short sale still takes longer than a 'regular' sale. </p><p> Multiple levels of approvals are commonly needed for short sales.  Other debts that may be involved include a second mortgage or back dues to a homeowner's association.  Agreement of still more creditors, such as tax assessors must be reached before a property can be listed on a short sale basis. </p><p> The wide array of possible creditors, parameters and processes involved in a short sale makes it a relatively complex and highly-specialized type of real estate transaction. </p><p> Not surprisingly, short sale deals have a high failure rate and often do not close in time to prevent foreclosure.  Contiguous agreement between the lender and the homeowner is necessary for the house to remain on the market as a short sale.  The homeowner may decide to try to retain the property through refinance, or he may simply opt for foreclosure.  The bank may renege as well if they decide they want to continue negotiating with the current borrower, or if they disapprove of the sale price.  As a perspective buyer of a short sale property, you will find that the process is in some ways similar to buying a foreclosed home. </p><p> The purchase of a home on a short sale basis is therefore subject to delays and usually is one of the longer real estate transactions in terms of time to completion.  For this reason, among others, you should pay a price that is below market value when buying a short sale property.  Before signing on the dotted line, there is a lot more to be done even after the status of the short sale has been verified successfully.  You will need to have your funding readily available.  It is just as important to have a short sale property inspected as it is to have any new home inspected. </p><p> You will need to check for any additional creditors, just to be sure.  You will want to find out what similar homes in the neighborhood go for, as well as what the current owner paid for it. </p><p> Because there are so many variables involved in purchasing on a short-sale basis, handling one alone is not advised.  Negotiating your purchase will be made much easier if you hire an experienced real estate firm that specializes in this area.  It is also a good idea to request a buyer's agent for the transaction.  The success of your purchase is the goal of this agent, use him well.  Jerry Guy is a licensed Realtor who specializes in helping his clients find residences throughout the region, including the Brandon, Florida real estate and Tampa real estate markets. He has extensive knowledge of a range of properties including the highly-specialized categories of foreclosure, REO, Waterfront and Luxury Home properties. Whether you are undergoing military relocation or searching for homes in the Tampa Bay Area for sale to accommodate you and your family, our services can prove invaluable to your success. For more information, please visit Jerry's website at <a href="http://www.jerryguybuyersagent.com/">www.JerryGuyBuyersAgent.com</a>. </p>]]></description>
			<content:encoded><![CDATA[<p> A short sale of a real estate property refers to selling it when the asking price is lower than the amount due on a mortgage. </p><p> A short sale is often the result of a homeowner being unable to keep up with his mortgage payments. </p><p> Rather than force the property into foreclosure, a lender will sometimes opt for the short sale.  For example, let's say a homeowner has $150,000 mortgage due on a house, and can no longer make his payments.  He and the institution that holds his loan might agree to put the house up for sale for much less than that $150,000. </p><p> A short sale is now begun.  Short-selling typically takes less time and is less expensive than foreclosure proceedings. </p><p> A short sale still takes longer than a 'regular' sale. </p><p> Multiple levels of approvals are commonly needed for short sales.  Other debts that may be involved include a second mortgage or back dues to a homeowner's association.  Agreement of still more creditors, such as tax assessors must be reached before a property can be listed on a short sale basis. </p><p> The wide array of possible creditors, parameters and processes involved in a short sale makes it a relatively complex and highly-specialized type of real estate transaction. </p><p> Not surprisingly, short sale deals have a high failure rate and often do not close in time to prevent foreclosure.  Contiguous agreement between the lender and the homeowner is necessary for the house to remain on the market as a short sale.  The homeowner may decide to try to retain the property through refinance, or he may simply opt for foreclosure.  The bank may renege as well if they decide they want to continue negotiating with the current borrower, or if they disapprove of the sale price.  As a perspective buyer of a short sale property, you will find that the process is in some ways similar to buying a foreclosed home. </p><p> The purchase of a home on a short sale basis is therefore subject to delays and usually is one of the longer real estate transactions in terms of time to completion.  For this reason, among others, you should pay a price that is below market value when buying a short sale property.  Before signing on the dotted line, there is a lot more to be done even after the status of the short sale has been verified successfully.  You will need to have your funding readily available.  It is just as important to have a short sale property inspected as it is to have any new home inspected. </p><p> You will need to check for any additional creditors, just to be sure.  You will want to find out what similar homes in the neighborhood go for, as well as what the current owner paid for it. </p><p> Because there are so many variables involved in purchasing on a short-sale basis, handling one alone is not advised.  Negotiating your purchase will be made much easier if you hire an experienced real estate firm that specializes in this area.  It is also a good idea to request a buyer's agent for the transaction.  The success of your purchase is the goal of this agent, use him well.  Jerry Guy is a licensed Realtor who specializes in helping his clients find residences throughout the region, including the Brandon, Florida real estate and Tampa real estate markets. He has extensive knowledge of a range of properties including the highly-specialized categories of foreclosure, REO, Waterfront and Luxury Home properties. Whether you are undergoing military relocation or searching for homes in the Tampa Bay Area for sale to accommodate you and your family, our services can prove invaluable to your success. For more information, please visit Jerry's website at <a href="http://www.jerryguybuyersagent.com/">www.JerryGuyBuyersAgent.com</a>. </p>]]></content:encoded>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Bloomingdale Selling Short Sale</title>
		<link>http://homesforsaletampabay.info/blog/short-sales/bloomingdale-selling-short-sale/</link>
		<comments>http://homesforsaletampabay.info/blog/short-sales/bloomingdale-selling-short-sale/#comments</comments>
		<pubDate>Fri, 31 Dec 2010 17:44:31 +0000</pubDate>
		<dc:creator>Jerry Guy - Short Sales</dc:creator>
				<category><![CDATA[Short Sales]]></category>

		<guid isPermaLink="false">http://www.jerryguybuyersagent.com?id1=139&#038;id2=116&#038;id3=1190&#038;id4=121545</guid>
		<description><![CDATA[<p> Short sale of a house refers to a sale wherein the sale price is less than the balance of the property's mortgage. </p><p> This usually happens when the homeowner has not been able to keep up with his mortgage payments. </p><p> The lender will sometimes even take a small loss on the property rather than force it into foreclosure.  For example, let's say a homeowner can no longer make his payments on a $150,000 mortgage.  Both the homeowner and the lender may reach an agreement and be willing to put the house on the market for less than the $150,000 value of the mortgage. </p><p> Now the house is up for short sale.  Foreclosure proceedings usually take more time than putting a house on the market as a short sale. </p><p> However, it is more complicated than a regular sale. </p><p> Short sales may require numerous approvals.  Debts to a homeowner's association or a second mortgage are sometimes found with short sales.  Agreement of still more creditors, such as tax assessors must be reached before a property can be listed on a short sale basis. </p><p> The short sale is one of the more complex real estate transactions because it involves so many creditors, and because there are special procedures and processes that must also be completed. </p><p> Foreclosure sometimes interrupts the negotiations on short sale houses, which is one reason why short sales are subject to failure.  Because both the lender(s) and the borrower are constantly in negotiation, a house that is up for short sale one day may not be available for purchase the next day.  The causes of removal of a short sale property from the market can be a result of the homeowner deciding to either move out and allow foreclosure.  Sometimes it is the lender who either wants to try to work with the owner, or who decides to opt for foreclosure.  As a perspective buyer of a short sale property, you will find that the process is in some ways similar to buying a foreclosed home. </p><p> Homes on the market as short sales therefore take a longer time to come to completion, and encounter more delays along the way, than their 'standard' counterparts.  For this reason, among others, you should pay a price that is below market value when buying a short sale property.  As with the purchase of any real estate property, you will want to do many things before you sign on the dotted line.  Getting your funding together first is critical.  You will want to get the property inspected. </p><p> Any second- or third-tier creditor can show up at any time with a short sale, so double check.  Finding out how much the current owner paid for the property, and the value of similar homes in the neighborhood, is a good idea. </p><p> It is not advisable to try to take on all of this yourself if you are considering buying a short sale property.  You will be best served to find a real estate agency that specializes in short sales.  A well-qualified agency will have a buyer's agent available to assist you.  The buyer's agent's experience will provide you with everything you need to complete the purchase.  Jerry Guy is a licensed Realtor who specializes in helping his clients find residences throughout the region, including the Brandon, Florida real estate and Tampa real estate markets. He has extensive knowledge of a range of properties including the highly-specialized categories of foreclosure, REO, Waterfront and Luxury Home properties. Whether you are undergoing military relocation or searching for homes in the Tampa Bay Area for sale to accommodate you and your family, our services can prove invaluable to your success. For more information, please visit Jerry's website at <a href="http://www.jerryguybuyersagent.com/">www.JerryGuyBuyersAgent.com</a>. </p>]]></description>
			<content:encoded><![CDATA[<p> Short sale of a house refers to a sale wherein the sale price is less than the balance of the property's mortgage. </p><p> This usually happens when the homeowner has not been able to keep up with his mortgage payments. </p><p> The lender will sometimes even take a small loss on the property rather than force it into foreclosure.  For example, let's say a homeowner can no longer make his payments on a $150,000 mortgage.  Both the homeowner and the lender may reach an agreement and be willing to put the house on the market for less than the $150,000 value of the mortgage. </p><p> Now the house is up for short sale.  Foreclosure proceedings usually take more time than putting a house on the market as a short sale. </p><p> However, it is more complicated than a regular sale. </p><p> Short sales may require numerous approvals.  Debts to a homeowner's association or a second mortgage are sometimes found with short sales.  Agreement of still more creditors, such as tax assessors must be reached before a property can be listed on a short sale basis. </p><p> The short sale is one of the more complex real estate transactions because it involves so many creditors, and because there are special procedures and processes that must also be completed. </p><p> Foreclosure sometimes interrupts the negotiations on short sale houses, which is one reason why short sales are subject to failure.  Because both the lender(s) and the borrower are constantly in negotiation, a house that is up for short sale one day may not be available for purchase the next day.  The causes of removal of a short sale property from the market can be a result of the homeowner deciding to either move out and allow foreclosure.  Sometimes it is the lender who either wants to try to work with the owner, or who decides to opt for foreclosure.  As a perspective buyer of a short sale property, you will find that the process is in some ways similar to buying a foreclosed home. </p><p> Homes on the market as short sales therefore take a longer time to come to completion, and encounter more delays along the way, than their 'standard' counterparts.  For this reason, among others, you should pay a price that is below market value when buying a short sale property.  As with the purchase of any real estate property, you will want to do many things before you sign on the dotted line.  Getting your funding together first is critical.  You will want to get the property inspected. </p><p> Any second- or third-tier creditor can show up at any time with a short sale, so double check.  Finding out how much the current owner paid for the property, and the value of similar homes in the neighborhood, is a good idea. </p><p> It is not advisable to try to take on all of this yourself if you are considering buying a short sale property.  You will be best served to find a real estate agency that specializes in short sales.  A well-qualified agency will have a buyer's agent available to assist you.  The buyer's agent's experience will provide you with everything you need to complete the purchase.  Jerry Guy is a licensed Realtor who specializes in helping his clients find residences throughout the region, including the Brandon, Florida real estate and Tampa real estate markets. He has extensive knowledge of a range of properties including the highly-specialized categories of foreclosure, REO, Waterfront and Luxury Home properties. Whether you are undergoing military relocation or searching for homes in the Tampa Bay Area for sale to accommodate you and your family, our services can prove invaluable to your success. For more information, please visit Jerry's website at <a href="http://www.jerryguybuyersagent.com/">www.JerryGuyBuyersAgent.com</a>. </p>]]></content:encoded>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Drew Park Selling Short Sale</title>
		<link>http://homesforsaletampabay.info/blog/short-sales/drew-park-selling-short-sale/</link>
		<comments>http://homesforsaletampabay.info/blog/short-sales/drew-park-selling-short-sale/#comments</comments>
		<pubDate>Fri, 31 Dec 2010 17:44:31 +0000</pubDate>
		<dc:creator>Jerry Guy - Short Sales</dc:creator>
				<category><![CDATA[Short Sales]]></category>

		<guid isPermaLink="false">http://www.jerryguybuyersagent.com?id1=139&#038;id2=116&#038;id3=1190&#038;id4=121546</guid>
		<description><![CDATA[<p> When the sale price of a house is lower than the amount due on a mortgage, that property is said to be up for short sale. </p><p> Short sales usually happen when a homeowner has been unable to keep current with his mortgage payments. </p><p> Opting to put a property on the market for short sale is often an option that the lender will consider.  Let us say, for instance, that a homeowner has a $150,000 on a home and can no longer make his payments.  Both the homeowner and the lender may reach an agreement and be willing to put the house on the market for less than the $150,000 value of the mortgage. </p><p> Now, the home may be put on the market as a short sale.  Short-selling typically takes less time and is less expensive than foreclosure proceedings. </p><p> However, it is more complicated than a regular sale. </p><p> Short sales often require multiple level of approvals.  Dues in arrears to a homeowner's association or a second mortgage are other debts that may be involved.  Back taxes may be owed, and these additional creditors may also need to approve the sale in order for the property to be put on the market. </p><p> Because many processes and procedures must be satisfied, even after all the creditors are online, the short sale is a relatively complex real estate transaction. </p><p> Short sales are subject to failure more often than other types of sales because by the time all the creditors and requirements are satisfied enough time has elapsed that the property goes into foreclosure.  You may even see that a property up for short sale one day may disappear from the market on the next because the lender and owner are no longer in agreement.  The homeowner may cause the short sale to stop because he may decide to try to refinance or settle for just getting out of the whole thing via foreclosure.  Sometimes it is the lender who either wants to try to work with the owner, or who decides to opt for foreclosure.  There are complications with buying a short-sale property that are similar to those encountered when dealing with foreclosures. </p><p> Closing on a home that is up for short sale is a process that often encounters delays, and usually takes longer to complete than other real estate transactions.  For this reason, among others, you should pay a price that is below market value when buying a short sale property.  As with the purchase of any real estate property, you will want to do many things before you sign on the dotted line.  Getting to contract quickly begins with your ability to quickly produce the necessary funding.  It is just as important to have a short sale property inspected as it is to have any new home inspected. </p><p> You will need to check for any additional creditors, just to be sure.  You will want to know what was paid for the property, and what similar homes in similar neighborhoods are selling for. </p><p> As you can see, buying a short sale property is very complex and it is not advised that you do so without help.  You will be best served to find a real estate agency that specializes in short sales.  It is also a good idea to request a buyer's agent for the transaction.  His experience will help guarantee the success of your purchase.  Jerry Guy is a licensed Realtor who specializes in helping his clients find residences throughout the region, including the Brandon, Florida real estate and Tampa real estate markets. He has extensive knowledge of a range of properties including the highly-specialized categories of foreclosure, REO, Waterfront and Luxury Home properties. Whether you are undergoing military relocation or searching for homes in the Tampa Bay Area for sale to accommodate you and your family, our services can prove invaluable to your success. For more information, please visit Jerry's website at <a href="http://www.jerryguybuyersagent.com/">www.JerryGuyBuyersAgent.com</a>. </p>]]></description>
			<content:encoded><![CDATA[<p> When the sale price of a house is lower than the amount due on a mortgage, that property is said to be up for short sale. </p><p> Short sales usually happen when a homeowner has been unable to keep current with his mortgage payments. </p><p> Opting to put a property on the market for short sale is often an option that the lender will consider.  Let us say, for instance, that a homeowner has a $150,000 on a home and can no longer make his payments.  Both the homeowner and the lender may reach an agreement and be willing to put the house on the market for less than the $150,000 value of the mortgage. </p><p> Now, the home may be put on the market as a short sale.  Short-selling typically takes less time and is less expensive than foreclosure proceedings. </p><p> However, it is more complicated than a regular sale. </p><p> Short sales often require multiple level of approvals.  Dues in arrears to a homeowner's association or a second mortgage are other debts that may be involved.  Back taxes may be owed, and these additional creditors may also need to approve the sale in order for the property to be put on the market. </p><p> Because many processes and procedures must be satisfied, even after all the creditors are online, the short sale is a relatively complex real estate transaction. </p><p> Short sales are subject to failure more often than other types of sales because by the time all the creditors and requirements are satisfied enough time has elapsed that the property goes into foreclosure.  You may even see that a property up for short sale one day may disappear from the market on the next because the lender and owner are no longer in agreement.  The homeowner may cause the short sale to stop because he may decide to try to refinance or settle for just getting out of the whole thing via foreclosure.  Sometimes it is the lender who either wants to try to work with the owner, or who decides to opt for foreclosure.  There are complications with buying a short-sale property that are similar to those encountered when dealing with foreclosures. </p><p> Closing on a home that is up for short sale is a process that often encounters delays, and usually takes longer to complete than other real estate transactions.  For this reason, among others, you should pay a price that is below market value when buying a short sale property.  As with the purchase of any real estate property, you will want to do many things before you sign on the dotted line.  Getting to contract quickly begins with your ability to quickly produce the necessary funding.  It is just as important to have a short sale property inspected as it is to have any new home inspected. </p><p> You will need to check for any additional creditors, just to be sure.  You will want to know what was paid for the property, and what similar homes in similar neighborhoods are selling for. </p><p> As you can see, buying a short sale property is very complex and it is not advised that you do so without help.  You will be best served to find a real estate agency that specializes in short sales.  It is also a good idea to request a buyer's agent for the transaction.  His experience will help guarantee the success of your purchase.  Jerry Guy is a licensed Realtor who specializes in helping his clients find residences throughout the region, including the Brandon, Florida real estate and Tampa real estate markets. He has extensive knowledge of a range of properties including the highly-specialized categories of foreclosure, REO, Waterfront and Luxury Home properties. Whether you are undergoing military relocation or searching for homes in the Tampa Bay Area for sale to accommodate you and your family, our services can prove invaluable to your success. For more information, please visit Jerry's website at <a href="http://www.jerryguybuyersagent.com/">www.JerryGuyBuyersAgent.com</a>. </p>]]></content:encoded>
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		<title>Clair Mel Shors Sales Vs Foreclosures</title>
		<link>http://homesforsaletampabay.info/blog/short-sales/clair-mel-shors-sales-vs-foreclosures/</link>
		<comments>http://homesforsaletampabay.info/blog/short-sales/clair-mel-shors-sales-vs-foreclosures/#comments</comments>
		<pubDate>Fri, 31 Dec 2010 17:44:31 +0000</pubDate>
		<dc:creator>Jerry Guy - Short Sales</dc:creator>
				<category><![CDATA[Short Sales]]></category>

		<guid isPermaLink="false">http://www.jerryguybuyersagent.com?id1=139&#038;id2=116&#038;id3=1190&#038;id4=121547</guid>
		<description><![CDATA[<p> Short sale of a house refers to a sale wherein the sale price is less than the balance of the property's mortgage. </p><p> This usually happens when the homeowner has not been able to keep up with his mortgage payments. </p><p> It can be a decision on the part of the lender that begins the process of putting a property on the market on a short sale basis.  If, let's say, a homeowner owes $150,000 on a mortgage and can no longer make his payments, a short sale may be started.  Both the homeowner and the lender may reach an agreement and be willing to put the house on the market for less than the $150,000 value of the mortgage. </p><p> Now the house is up for short sale.  Short-selling typically takes less time and is less expensive than foreclosure proceedings. </p><p> Properties that are on the market typically close faster if they are not on a short-sale basis. </p><p> Multiple levels of approvals are commonly needed for short sales.  Dues in arrears to a homeowner's association or a second mortgage are other debts that may be involved.  Before a property can be put on the market as a shorrt sale, additional creditors such as tax assessors need to agree. </p><p> Because many processes and procedures must be satisfied, even after all the creditors are online, the short sale is a relatively complex real estate transaction. </p><p> Foreclosure sometimes interrupts the negotiations on short sale houses, which is one reason why short sales are subject to failure.  Because both the lender(s) and the borrower are constantly in negotiation, a house that is up for short sale one day may not be available for purchase the next day.  For instance, the homeowner may decide to try to refinance in order to keep the house, or he may decide the short sale is too difficult and settle for foreclosure.  Sometimes it is the lender who either wants to try to work with the owner, or who decides to opt for foreclosure.  The complexities of purchasing on a short sale basis are in some ways similar to those of buying a foreclosed property. </p><p> Therefore, completing a short sale involves a longer time period and may entail more delays than the sale of a home on a non-short basis.  You should expect to pay less for a property that is in short sale status than for one that is not.  Getting to the part where you sign on the dotted line and take ownership requires more than just finding your property and making sure it is for sale.  You will need to have your funding readily available.  You will want to get the property inspected. </p><p> It is a good idea to make an extra check for second- or third-tier creditors.  You will be well served to investigate the neighborhood in terms of value of similar properties, and you should find out how much the current owner paid for the property. </p><p> Handling a short sale without the assistance of an experienced professional is not recommended because there are just so many things that can go wrong along the way.  It is best to use a real estate agency that specializes in this area to negotiate your purchase.  A well-qualified agency will have a buyer's agent available to assist you.  The buyer's agent's experience will provide you with everything you need to complete the purchase.  Jerry Guy is a licensed Realtor who specializes in helping his clients find residences throughout the region, including the Brandon, Florida real estate and Tampa real estate markets. He has extensive knowledge of a range of properties including the highly-specialized categories of foreclosure, REO, Waterfront and Luxury Home properties. Whether you are undergoing military relocation or searching for homes in the Tampa Bay Area for sale to accommodate you and your family, our services can prove invaluable to your success. For more information, please visit Jerry's website at <a href="http://www.jerryguybuyersagent.com/">www.JerryGuyBuyersAgent.com</a>. </p>]]></description>
			<content:encoded><![CDATA[<p> Short sale of a house refers to a sale wherein the sale price is less than the balance of the property's mortgage. </p><p> This usually happens when the homeowner has not been able to keep up with his mortgage payments. </p><p> It can be a decision on the part of the lender that begins the process of putting a property on the market on a short sale basis.  If, let's say, a homeowner owes $150,000 on a mortgage and can no longer make his payments, a short sale may be started.  Both the homeowner and the lender may reach an agreement and be willing to put the house on the market for less than the $150,000 value of the mortgage. </p><p> Now the house is up for short sale.  Short-selling typically takes less time and is less expensive than foreclosure proceedings. </p><p> Properties that are on the market typically close faster if they are not on a short-sale basis. </p><p> Multiple levels of approvals are commonly needed for short sales.  Dues in arrears to a homeowner's association or a second mortgage are other debts that may be involved.  Before a property can be put on the market as a shorrt sale, additional creditors such as tax assessors need to agree. </p><p> Because many processes and procedures must be satisfied, even after all the creditors are online, the short sale is a relatively complex real estate transaction. </p><p> Foreclosure sometimes interrupts the negotiations on short sale houses, which is one reason why short sales are subject to failure.  Because both the lender(s) and the borrower are constantly in negotiation, a house that is up for short sale one day may not be available for purchase the next day.  For instance, the homeowner may decide to try to refinance in order to keep the house, or he may decide the short sale is too difficult and settle for foreclosure.  Sometimes it is the lender who either wants to try to work with the owner, or who decides to opt for foreclosure.  The complexities of purchasing on a short sale basis are in some ways similar to those of buying a foreclosed property. </p><p> Therefore, completing a short sale involves a longer time period and may entail more delays than the sale of a home on a non-short basis.  You should expect to pay less for a property that is in short sale status than for one that is not.  Getting to the part where you sign on the dotted line and take ownership requires more than just finding your property and making sure it is for sale.  You will need to have your funding readily available.  You will want to get the property inspected. </p><p> It is a good idea to make an extra check for second- or third-tier creditors.  You will be well served to investigate the neighborhood in terms of value of similar properties, and you should find out how much the current owner paid for the property. </p><p> Handling a short sale without the assistance of an experienced professional is not recommended because there are just so many things that can go wrong along the way.  It is best to use a real estate agency that specializes in this area to negotiate your purchase.  A well-qualified agency will have a buyer's agent available to assist you.  The buyer's agent's experience will provide you with everything you need to complete the purchase.  Jerry Guy is a licensed Realtor who specializes in helping his clients find residences throughout the region, including the Brandon, Florida real estate and Tampa real estate markets. He has extensive knowledge of a range of properties including the highly-specialized categories of foreclosure, REO, Waterfront and Luxury Home properties. Whether you are undergoing military relocation or searching for homes in the Tampa Bay Area for sale to accommodate you and your family, our services can prove invaluable to your success. For more information, please visit Jerry's website at <a href="http://www.jerryguybuyersagent.com/">www.JerryGuyBuyersAgent.com</a>. </p>]]></content:encoded>
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		<item>
		<title>Balm Short Sale Tips</title>
		<link>http://homesforsaletampabay.info/blog/short-sales/balm-short-sale-tips/</link>
		<comments>http://homesforsaletampabay.info/blog/short-sales/balm-short-sale-tips/#comments</comments>
		<pubDate>Fri, 31 Dec 2010 17:44:31 +0000</pubDate>
		<dc:creator>Jerry Guy - Short Sales</dc:creator>
				<category><![CDATA[Short Sales]]></category>

		<guid isPermaLink="false">http://www.jerryguybuyersagent.com?id1=139&#038;id2=116&#038;id3=1190&#038;id4=121548</guid>
		<description><![CDATA[<p> A short sale of a house happens when the sale price is less than the balance to on a mortage. </p><p> Being unable to keep up with mortgage payments is one reason that a homeowner might try to put a property up for short sale. </p><p> It can be a decision on the part of the lender that begins the process of putting a property on the market on a short sale basis.  If, let's say, a homeowner owes $150,000 on a mortgage and can no longer make his payments, a short sale may be started.  He and the institution that holds his loan might agree to put the house up for sale for much less than that $150,000. </p><p> A short sale is now begun.  Short-selling typically takes less time and is less expensive than foreclosure proceedings. </p><p> The short-sale process is more complicated than a regular sale. </p><p> There are multiple levels of approval usually required for short sales.  Other debts that may be involved include a second mortgage or back dues to a homeowner's association.  Before a property can be put on the market as a shorrt sale, additional creditors such as tax assessors need to agree. </p><p> The short sale is a relatively complex real estate transaction because not only are there often multiple creditors, but there are a myriad of other processes and procedures that must be satisfied. </p><p> Short sales are subject to failure more often than other types of sales because by the time all the creditors and requirements are satisfied enough time has elapsed that the property goes into foreclosure.  Because both the lender(s) and the borrower are constantly in negotiation, a house that is up for short sale one day may not be available for purchase the next day.  The causes of removal of a short sale property from the market can be a result of the homeowner deciding to either move out and allow foreclosure.  On the other side, the lending institution may decide to remove the house from short sale because it wants to try to work with the owner so he can keep the house.  The complexities of purchasing on a short sale basis are in some ways similar to those of buying a foreclosed property. </p><p> Closing on a home that is up for short sale is a process that often encounters delays, and usually takes longer to complete than other real estate transactions.  This is just one of the reasons that homes on the market as short sales sell below market value.  There are many additional steps to be taken with the purchase of a short sale property.  You will need to have your funding readily available.  You will want your own inspection of the home and its property. </p><p> Checking for additional second- or third-tier creditors is a good idea.  You will want to find out what similar homes in the neighborhood go for, as well as what the current owner paid for it. </p><p> Because there are so many variables involved in purchasing on a short-sale basis, handling one alone is not advised.  A real estate agency that specializes in short sales will be very helpful when it comes to negotiating your purchase.  Requesting the services of a buyer's agent to represent you is a good idea.  A buyer's agent is specially trained to make the buying process as easy as possible.  Jerry Guy is a licensed Realtor who specializes in helping his clients find residences throughout the region, including the Brandon, Florida real estate and Tampa real estate markets. He has extensive knowledge of a range of properties including the highly-specialized categories of foreclosure, REO, Waterfront and Luxury Home properties. Whether you are undergoing military relocation or searching for homes in the Tampa Bay Area for sale to accommodate you and your family, our services can prove invaluable to your success. For more information, please visit Jerry's website at <a href="http://www.jerryguybuyersagent.com/">www.JerryGuyBuyersAgent.com</a>. </p>]]></description>
			<content:encoded><![CDATA[<p> A short sale of a house happens when the sale price is less than the balance to on a mortage. </p><p> Being unable to keep up with mortgage payments is one reason that a homeowner might try to put a property up for short sale. </p><p> It can be a decision on the part of the lender that begins the process of putting a property on the market on a short sale basis.  If, let's say, a homeowner owes $150,000 on a mortgage and can no longer make his payments, a short sale may be started.  He and the institution that holds his loan might agree to put the house up for sale for much less than that $150,000. </p><p> A short sale is now begun.  Short-selling typically takes less time and is less expensive than foreclosure proceedings. </p><p> The short-sale process is more complicated than a regular sale. </p><p> There are multiple levels of approval usually required for short sales.  Other debts that may be involved include a second mortgage or back dues to a homeowner's association.  Before a property can be put on the market as a shorrt sale, additional creditors such as tax assessors need to agree. </p><p> The short sale is a relatively complex real estate transaction because not only are there often multiple creditors, but there are a myriad of other processes and procedures that must be satisfied. </p><p> Short sales are subject to failure more often than other types of sales because by the time all the creditors and requirements are satisfied enough time has elapsed that the property goes into foreclosure.  Because both the lender(s) and the borrower are constantly in negotiation, a house that is up for short sale one day may not be available for purchase the next day.  The causes of removal of a short sale property from the market can be a result of the homeowner deciding to either move out and allow foreclosure.  On the other side, the lending institution may decide to remove the house from short sale because it wants to try to work with the owner so he can keep the house.  The complexities of purchasing on a short sale basis are in some ways similar to those of buying a foreclosed property. </p><p> Closing on a home that is up for short sale is a process that often encounters delays, and usually takes longer to complete than other real estate transactions.  This is just one of the reasons that homes on the market as short sales sell below market value.  There are many additional steps to be taken with the purchase of a short sale property.  You will need to have your funding readily available.  You will want your own inspection of the home and its property. </p><p> Checking for additional second- or third-tier creditors is a good idea.  You will want to find out what similar homes in the neighborhood go for, as well as what the current owner paid for it. </p><p> Because there are so many variables involved in purchasing on a short-sale basis, handling one alone is not advised.  A real estate agency that specializes in short sales will be very helpful when it comes to negotiating your purchase.  Requesting the services of a buyer's agent to represent you is a good idea.  A buyer's agent is specially trained to make the buying process as easy as possible.  Jerry Guy is a licensed Realtor who specializes in helping his clients find residences throughout the region, including the Brandon, Florida real estate and Tampa real estate markets. He has extensive knowledge of a range of properties including the highly-specialized categories of foreclosure, REO, Waterfront and Luxury Home properties. Whether you are undergoing military relocation or searching for homes in the Tampa Bay Area for sale to accommodate you and your family, our services can prove invaluable to your success. For more information, please visit Jerry's website at <a href="http://www.jerryguybuyersagent.com/">www.JerryGuyBuyersAgent.com</a>. </p>]]></content:encoded>
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		<title>Carrollwood Bank Short Sales</title>
		<link>http://homesforsaletampabay.info/blog/short-sales/carrollwood-bank-short-sales-2/</link>
		<comments>http://homesforsaletampabay.info/blog/short-sales/carrollwood-bank-short-sales-2/#comments</comments>
		<pubDate>Fri, 31 Dec 2010 17:44:31 +0000</pubDate>
		<dc:creator>Jerry Guy - Short Sales</dc:creator>
				<category><![CDATA[Short Sales]]></category>

		<guid isPermaLink="false">http://www.jerryguybuyersagent.com?id1=139&#038;id2=116&#038;id3=1190&#038;id4=121549</guid>
		<description><![CDATA[<p> A short sale of a real estate property refers to selling it when the asking price is lower than the amount due on a mortgage. </p><p> A short sale is often the result of a homeowner being unable to keep up with his mortgage payments. </p><p> Opting to put a property on the market for short sale is often an option that the lender will consider.  For example, let's say a homeowner can no longer make his payments on a $150,000 mortgage.  Both the homeowner and the lender may reach an agreement and be willing to put the house on the market for less than the $150,000 value of the mortgage. </p><p> This would constitute a short sale.  Foreclosure proceedings usually take more time than putting a house on the market as a short sale. </p><p> It still takes longer to close on a short sale than on one with no such contingencies. </p><p> Short sales may require numerous approvals.  Debts to a homeowner's association or a second mortgage are sometimes found with short sales.  Agreement of still more creditors, such as tax assessors must be reached before a property can be listed on a short sale basis. </p><p> In addition to all the creditors, there are various specific processes which must be gone through and parameters to meet, making the short sale a relatively complex real estate transaction. </p><p> Not surprisingly, short sale deals have a high failure rate and often do not close in time to prevent foreclosure.  Because both the lender(s) and the borrower are constantly in negotiation, a house that is up for short sale one day may not be available for purchase the next day.  Sometimes the owner decides he wants to stay in the home and will look elsewhere to refinance; on the other hand, he may decide just to move out and let the foreclosure begin.  Sometimes it is the lender who either wants to try to work with the owner, or who decides to opt for foreclosure.  From the purchaser's perspective, the process of buying a home that is up for short sale is somewhat similar to buying a foreclosed property. </p><p> Homes on the market as short sales therefore take a longer time to come to completion, and encounter more delays along the way, than their 'standard' counterparts.  This is just one of the reasons that homes on the market as short sales sell below market value.  Getting to the part where you sign on the dotted line and take ownership requires more than just finding your property and making sure it is for sale.  You will need to have your funding readily available.  You will want your own inspection of the home and its property. </p><p> You will need to check for those second- or third-tier creditors.  You will want to find out what similar homes in the neighborhood go for, as well as what the current owner paid for it. </p><p> As you can see, buying a short sale property is very complex and it is not advised that you do so without help.  A real estate agency that specializes in short sales will be very helpful when it comes to negotiating your purchase.  Requesting the services of a buyer's agent to represent you is a good idea.  His experience will help guarantee the success of your purchase.  Jerry Guy is a licensed Realtor who specializes in helping his clients find residences throughout the region, including the Brandon, Florida real estate and Tampa real estate markets. He has extensive knowledge of a range of properties including the highly-specialized categories of foreclosure, REO, Waterfront and Luxury Home properties. Whether you are undergoing military relocation or searching for homes in the Tampa Bay Area for sale to accommodate you and your family, our services can prove invaluable to your success. For more information, please visit Jerry's website at <a href="http://www.jerryguybuyersagent.com/">www.JerryGuyBuyersAgent.com</a>. </p>]]></description>
			<content:encoded><![CDATA[<p> A short sale of a real estate property refers to selling it when the asking price is lower than the amount due on a mortgage. </p><p> A short sale is often the result of a homeowner being unable to keep up with his mortgage payments. </p><p> Opting to put a property on the market for short sale is often an option that the lender will consider.  For example, let's say a homeowner can no longer make his payments on a $150,000 mortgage.  Both the homeowner and the lender may reach an agreement and be willing to put the house on the market for less than the $150,000 value of the mortgage. </p><p> This would constitute a short sale.  Foreclosure proceedings usually take more time than putting a house on the market as a short sale. </p><p> It still takes longer to close on a short sale than on one with no such contingencies. </p><p> Short sales may require numerous approvals.  Debts to a homeowner's association or a second mortgage are sometimes found with short sales.  Agreement of still more creditors, such as tax assessors must be reached before a property can be listed on a short sale basis. </p><p> In addition to all the creditors, there are various specific processes which must be gone through and parameters to meet, making the short sale a relatively complex real estate transaction. </p><p> Not surprisingly, short sale deals have a high failure rate and often do not close in time to prevent foreclosure.  Because both the lender(s) and the borrower are constantly in negotiation, a house that is up for short sale one day may not be available for purchase the next day.  Sometimes the owner decides he wants to stay in the home and will look elsewhere to refinance; on the other hand, he may decide just to move out and let the foreclosure begin.  Sometimes it is the lender who either wants to try to work with the owner, or who decides to opt for foreclosure.  From the purchaser's perspective, the process of buying a home that is up for short sale is somewhat similar to buying a foreclosed property. </p><p> Homes on the market as short sales therefore take a longer time to come to completion, and encounter more delays along the way, than their 'standard' counterparts.  This is just one of the reasons that homes on the market as short sales sell below market value.  Getting to the part where you sign on the dotted line and take ownership requires more than just finding your property and making sure it is for sale.  You will need to have your funding readily available.  You will want your own inspection of the home and its property. </p><p> You will need to check for those second- or third-tier creditors.  You will want to find out what similar homes in the neighborhood go for, as well as what the current owner paid for it. </p><p> As you can see, buying a short sale property is very complex and it is not advised that you do so without help.  A real estate agency that specializes in short sales will be very helpful when it comes to negotiating your purchase.  Requesting the services of a buyer's agent to represent you is a good idea.  His experience will help guarantee the success of your purchase.  Jerry Guy is a licensed Realtor who specializes in helping his clients find residences throughout the region, including the Brandon, Florida real estate and Tampa real estate markets. He has extensive knowledge of a range of properties including the highly-specialized categories of foreclosure, REO, Waterfront and Luxury Home properties. Whether you are undergoing military relocation or searching for homes in the Tampa Bay Area for sale to accommodate you and your family, our services can prove invaluable to your success. For more information, please visit Jerry's website at <a href="http://www.jerryguybuyersagent.com/">www.JerryGuyBuyersAgent.com</a>. </p>]]></content:encoded>
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		<title>Dover Short Sale Package</title>
		<link>http://homesforsaletampabay.info/blog/short-sales/dover-short-sale-package/</link>
		<comments>http://homesforsaletampabay.info/blog/short-sales/dover-short-sale-package/#comments</comments>
		<pubDate>Fri, 31 Dec 2010 17:44:31 +0000</pubDate>
		<dc:creator>Jerry Guy - Short Sales</dc:creator>
				<category><![CDATA[Short Sales]]></category>

		<guid isPermaLink="false">http://www.jerryguybuyersagent.com?id1=139&#038;id2=116&#038;id3=1190&#038;id4=121550</guid>
		<description><![CDATA[<p> Short sale of a house refers to a sale wherein the sale price is less than the balance of the property's mortgage. </p><p> Short sales usually happen when a homeowner has been unable to keep current with his mortgage payments. </p><p> Rather than force the property into foreclosure, a lender will sometimes opt for the short sale.  Let us say, for instance, that a homeowner has a $150,000 on a home and can no longer make his payments.  Both the homeowner and the lender may reach an agreement and be willing to put the house on the market for less than the $150,000 value of the mortgage. </p><p> Now the house is up for short sale.  If often takes much less time to short-sell a house than to go through foreclosure proceedings. </p><p> Properties that are on the market typically close faster if they are not on a short-sale basis. </p><p> Short sales often require multiple level of approvals.  Dues in arrears to a homeowner's association or a second mortgage are other debts that may be involved.  Before a property can be put on the market as a shorrt sale, additional creditors such as tax assessors need to agree. </p><p> In addition to all the creditors, there are various specific processes which must be gone through and parameters to meet, making the short sale a relatively complex real estate transaction. </p><p> Not surprisingly, short sale deals have a high failure rate and often do not close in time to prevent foreclosure.  Contiguous agreement between the lender and the homeowner is necessary for the house to remain on the market as a short sale.  For instance, the homeowner may decide to try to refinance in order to keep the house, or he may decide the short sale is too difficult and settle for foreclosure.  The bank may renege as well if they decide they want to continue negotiating with the current borrower, or if they disapprove of the sale price.  The complexities of purchasing on a short sale basis are in some ways similar to those of buying a foreclosed property. </p><p> The purchase of a home on a short sale basis is therefore subject to delays and usually is one of the longer real estate transactions in terms of time to completion.  For this reason, among others, you should pay a price that is below market value when buying a short sale property.  Even if the property you have chosen is selling at a good price and has fulfilled all the short sale requirements, there is still a lot to do.  You will need to have your funding readily available.  You will want your own inspection of the home and its property. </p><p> You will need to check for those second- or third-tier creditors.  You will want to find out what similar homes in the neighborhood go for, as well as what the current owner paid for it. </p><p> Because there are so many variables involved in purchasing on a short-sale basis, handling one alone is not advised.  You will be best served to find a real estate agency that specializes in short sales.  It is also a good idea to request a buyer's agent for the transaction.  He will work through the entire process with you, ensuring that your short sale purchase is a succcess.  Jerry Guy is a licensed Realtor who specializes in helping his clients find residences throughout the region, including the Brandon, Florida real estate and Tampa real estate markets. He has extensive knowledge of a range of properties including the highly-specialized categories of foreclosure, REO, Waterfront and Luxury Home properties. Whether you are undergoing military relocation or searching for homes in the Tampa Bay Area for sale to accommodate you and your family, our services can prove invaluable to your success. For more information, please visit Jerry's website at <a href="http://www.jerryguybuyersagent.com/">www.JerryGuyBuyersAgent.com</a>. </p>]]></description>
			<content:encoded><![CDATA[<p> Short sale of a house refers to a sale wherein the sale price is less than the balance of the property's mortgage. </p><p> Short sales usually happen when a homeowner has been unable to keep current with his mortgage payments. </p><p> Rather than force the property into foreclosure, a lender will sometimes opt for the short sale.  Let us say, for instance, that a homeowner has a $150,000 on a home and can no longer make his payments.  Both the homeowner and the lender may reach an agreement and be willing to put the house on the market for less than the $150,000 value of the mortgage. </p><p> Now the house is up for short sale.  If often takes much less time to short-sell a house than to go through foreclosure proceedings. </p><p> Properties that are on the market typically close faster if they are not on a short-sale basis. </p><p> Short sales often require multiple level of approvals.  Dues in arrears to a homeowner's association or a second mortgage are other debts that may be involved.  Before a property can be put on the market as a shorrt sale, additional creditors such as tax assessors need to agree. </p><p> In addition to all the creditors, there are various specific processes which must be gone through and parameters to meet, making the short sale a relatively complex real estate transaction. </p><p> Not surprisingly, short sale deals have a high failure rate and often do not close in time to prevent foreclosure.  Contiguous agreement between the lender and the homeowner is necessary for the house to remain on the market as a short sale.  For instance, the homeowner may decide to try to refinance in order to keep the house, or he may decide the short sale is too difficult and settle for foreclosure.  The bank may renege as well if they decide they want to continue negotiating with the current borrower, or if they disapprove of the sale price.  The complexities of purchasing on a short sale basis are in some ways similar to those of buying a foreclosed property. </p><p> The purchase of a home on a short sale basis is therefore subject to delays and usually is one of the longer real estate transactions in terms of time to completion.  For this reason, among others, you should pay a price that is below market value when buying a short sale property.  Even if the property you have chosen is selling at a good price and has fulfilled all the short sale requirements, there is still a lot to do.  You will need to have your funding readily available.  You will want your own inspection of the home and its property. </p><p> You will need to check for those second- or third-tier creditors.  You will want to find out what similar homes in the neighborhood go for, as well as what the current owner paid for it. </p><p> Because there are so many variables involved in purchasing on a short-sale basis, handling one alone is not advised.  You will be best served to find a real estate agency that specializes in short sales.  It is also a good idea to request a buyer's agent for the transaction.  He will work through the entire process with you, ensuring that your short sale purchase is a succcess.  Jerry Guy is a licensed Realtor who specializes in helping his clients find residences throughout the region, including the Brandon, Florida real estate and Tampa real estate markets. He has extensive knowledge of a range of properties including the highly-specialized categories of foreclosure, REO, Waterfront and Luxury Home properties. Whether you are undergoing military relocation or searching for homes in the Tampa Bay Area for sale to accommodate you and your family, our services can prove invaluable to your success. For more information, please visit Jerry's website at <a href="http://www.jerryguybuyersagent.com/">www.JerryGuyBuyersAgent.com</a>. </p>]]></content:encoded>
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		<title>Wimauma Short Sale Expert</title>
		<link>http://homesforsaletampabay.info/blog/short-sales/wimauma-short-sale-expert/</link>
		<comments>http://homesforsaletampabay.info/blog/short-sales/wimauma-short-sale-expert/#comments</comments>
		<pubDate>Fri, 31 Dec 2010 17:44:31 +0000</pubDate>
		<dc:creator>Jerry Guy - Short Sales</dc:creator>
				<category><![CDATA[Short Sales]]></category>

		<guid isPermaLink="false">http://www.jerryguybuyersagent.com?id1=139&#038;id2=116&#038;id3=1190&#038;id4=121551</guid>
		<description><![CDATA[<p> Short sale of a house refers to a sale wherein the sale price is less than the balance of the property's mortgage. </p><p> When a homeowner is unable to keep up with his mortgage payment, a short sale may be one way to fulfill his obligation. </p><p> It can be a decision on the part of the lender that begins the process of putting a property on the market on a short sale basis.  Let us say, for instance, that a homeowner has a $150,000 on a home and can no longer make his payments.  An agreement may be reached between the owner of the home and the holder of the mortage to put the house up for sale for less than that $150,000. </p><p> A short sale is now begun.  Short-selling typically takes less time and is less expensive than foreclosure proceedings. </p><p> A short sale still takes longer than a 'regular' sale. </p><p> Short sales often require multiple level of approvals.  Dues in arrears to a homeowner's association or a second mortgage are other debts that may be involved.  Agreement of still more creditors, such as tax assessors must be reached before a property can be listed on a short sale basis. </p><p> The short sale is a relatively complex real estate transaction because not only are there often multiple creditors, but there are a myriad of other processes and procedures that must be satisfied. </p><p> Not surprisingly, short sale deals have a high failure rate and often do not close in time to prevent foreclosure.  You may even see that a property up for short sale one day may disappear from the market on the next because the lender and owner are no longer in agreement.  Sometimes the owner decides he wants to stay in the home and will look elsewhere to refinance; on the other hand, he may decide just to move out and let the foreclosure begin.  The holder of the mortgage may decide to remove the home from short sale in order to begin foreclosure, or in an effort to allow the current owner to continue to hold the property.  There are complications with buying a short-sale property that are similar to those encountered when dealing with foreclosures. </p><p> Completing a short sale is often subject to many delays, and will take more time than buying a home that is up for sale without these complications.  You should expect to pay less for a property that is in short sale status than for one that is not.  Even if the property you have chosen is selling at a good price and has fulfilled all the short sale requirements, there is still a lot to do.  It is important to make sure you have enough funding readily available to jump on the short sale.  As with all properties, getting an inspection is important. </p><p> Checking for additional second- or third-tier creditors is a good idea.  You will want to know what was paid for the property, and what similar homes in similar neighborhoods are selling for. </p><p> As you can see, buying a short sale property is very complex and it is not advised that you do so without help.  You will be best served to find a real estate agency that specializes in short sales.  A well-qualified agency will have a buyer's agent available to assist you.  It will be his job to make the job of purchasing a short sale home one that will be rewarding to you both.  Jerry Guy is a licensed Realtor who specializes in helping his clients find residences throughout the region, including the Brandon, Florida real estate and Tampa real estate markets. He has extensive knowledge of a range of properties including the highly-specialized categories of foreclosure, REO, Waterfront and Luxury Home properties. Whether you are undergoing military relocation or searching for homes in the Tampa Bay Area for sale to accommodate you and your family, our services can prove invaluable to your success. For more information, please visit Jerry's website at <a href="http://www.jerryguybuyersagent.com/">www.JerryGuyBuyersAgent.com</a>. </p>]]></description>
			<content:encoded><![CDATA[<p> Short sale of a house refers to a sale wherein the sale price is less than the balance of the property's mortgage. </p><p> When a homeowner is unable to keep up with his mortgage payment, a short sale may be one way to fulfill his obligation. </p><p> It can be a decision on the part of the lender that begins the process of putting a property on the market on a short sale basis.  Let us say, for instance, that a homeowner has a $150,000 on a home and can no longer make his payments.  An agreement may be reached between the owner of the home and the holder of the mortage to put the house up for sale for less than that $150,000. </p><p> A short sale is now begun.  Short-selling typically takes less time and is less expensive than foreclosure proceedings. </p><p> A short sale still takes longer than a 'regular' sale. </p><p> Short sales often require multiple level of approvals.  Dues in arrears to a homeowner's association or a second mortgage are other debts that may be involved.  Agreement of still more creditors, such as tax assessors must be reached before a property can be listed on a short sale basis. </p><p> The short sale is a relatively complex real estate transaction because not only are there often multiple creditors, but there are a myriad of other processes and procedures that must be satisfied. </p><p> Not surprisingly, short sale deals have a high failure rate and often do not close in time to prevent foreclosure.  You may even see that a property up for short sale one day may disappear from the market on the next because the lender and owner are no longer in agreement.  Sometimes the owner decides he wants to stay in the home and will look elsewhere to refinance; on the other hand, he may decide just to move out and let the foreclosure begin.  The holder of the mortgage may decide to remove the home from short sale in order to begin foreclosure, or in an effort to allow the current owner to continue to hold the property.  There are complications with buying a short-sale property that are similar to those encountered when dealing with foreclosures. </p><p> Completing a short sale is often subject to many delays, and will take more time than buying a home that is up for sale without these complications.  You should expect to pay less for a property that is in short sale status than for one that is not.  Even if the property you have chosen is selling at a good price and has fulfilled all the short sale requirements, there is still a lot to do.  It is important to make sure you have enough funding readily available to jump on the short sale.  As with all properties, getting an inspection is important. </p><p> Checking for additional second- or third-tier creditors is a good idea.  You will want to know what was paid for the property, and what similar homes in similar neighborhoods are selling for. </p><p> As you can see, buying a short sale property is very complex and it is not advised that you do so without help.  You will be best served to find a real estate agency that specializes in short sales.  A well-qualified agency will have a buyer's agent available to assist you.  It will be his job to make the job of purchasing a short sale home one that will be rewarding to you both.  Jerry Guy is a licensed Realtor who specializes in helping his clients find residences throughout the region, including the Brandon, Florida real estate and Tampa real estate markets. He has extensive knowledge of a range of properties including the highly-specialized categories of foreclosure, REO, Waterfront and Luxury Home properties. Whether you are undergoing military relocation or searching for homes in the Tampa Bay Area for sale to accommodate you and your family, our services can prove invaluable to your success. For more information, please visit Jerry's website at <a href="http://www.jerryguybuyersagent.com/">www.JerryGuyBuyersAgent.com</a>. </p>]]></content:encoded>
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		<title>Carrollwood What Is A Short Sale On A Home</title>
		<link>http://homesforsaletampabay.info/blog/short-sales/carrollwood-what-is-a-short-sale-on-a-home-2/</link>
		<comments>http://homesforsaletampabay.info/blog/short-sales/carrollwood-what-is-a-short-sale-on-a-home-2/#comments</comments>
		<pubDate>Fri, 31 Dec 2010 17:44:30 +0000</pubDate>
		<dc:creator>Jerry Guy - Short Sales</dc:creator>
				<category><![CDATA[Short Sales]]></category>

		<guid isPermaLink="false">http://www.jerryguybuyersagent.com?id1=139&#038;id2=116&#038;id3=1190&#038;id4=121552</guid>
		<description><![CDATA[<p> When the sale price of a house is lower than the amount due on a mortgage, that property is said to be up for short sale. </p><p> This usually happens when the homeowner has not been able to keep up with his mortgage payments. </p><p> Rather than force the property into foreclosure, a lender will sometimes opt for the short sale.  If, let's say, a homeowner owes $150,000 on a mortgage and can no longer make his payments, a short sale may be started.  The homeowner's lending institution might make an agreement with him to put the house on the market for much less than that $150,000. </p><p> Now, the home may be put on the market as a short sale.  It typically takes much less time to sell a house that is on the market as a short sale rather than a foreclosure. </p><p> It still takes longer to close on a short sale than on one with no such contingencies. </p><p> Short sales often require multiple level of approvals.  Debts to a homeowner's association or a second mortgage are sometimes found with short sales.  Additional creditors, such as tax assesors may also need to approve the sale before it can be implemented. </p><p> The wide array of possible creditors, parameters and processes involved in a short sale makes it a relatively complex and highly-specialized type of real estate transaction. </p><p> Not surprisingly, short sale deals have a high failure rate and often do not close in time to prevent foreclosure.  Because both the lender(s) and the borrower are constantly in negotiation, a house that is up for short sale one day may not be available for purchase the next day.  For instance, the homeowner may decide to try to refinance in order to keep the house, or he may decide the short sale is too difficult and settle for foreclosure.  The holder of the mortgage may decide to remove the home from short sale in order to begin foreclosure, or in an effort to allow the current owner to continue to hold the property.  The complexities of purchasing on a short sale basis are in some ways similar to those of buying a foreclosed property. </p><p> The purchase of a home on a short sale basis is therefore subject to delays and usually is one of the longer real estate transactions in terms of time to completion.  This is just one of the reasons that homes on the market as short sales sell below market value.  Before signing on the dotted line, there is a lot more to be done even after the status of the short sale has been verified successfully.  Getting to contract quickly begins with your ability to quickly produce the necessary funding.  You will want to get the property inspected. </p><p> Checking for additional second- or third-tier creditors is a good idea.  Knowing how much the current owner paid for the property, and what similar homes in the neighborhood go for will be very useful information. </p><p> Handling a short sale without the assistance of an experienced professional is not recommended because there are just so many things that can go wrong along the way.  You will be best served to find a real estate agency that specializes in short sales.  If the real estate agency does not offer you one, ask for the assistance of a buyer's agent.  He will work through the entire process with you, ensuring that your short sale purchase is a succcess.  Jerry Guy is a licensed Realtor who specializes in helping his clients find residences throughout the region, including the Brandon, Florida real estate and Tampa real estate markets. He has extensive knowledge of a range of properties including the highly-specialized categories of foreclosure, REO, Waterfront and Luxury Home properties. Whether you are undergoing military relocation or searching for homes in the Tampa Bay Area for sale to accommodate you and your family, our services can prove invaluable to your success. For more information, please visit Jerry's website at <a href="http://www.jerryguybuyersagent.com/">www.JerryGuyBuyersAgent.com</a>. </p>]]></description>
			<content:encoded><![CDATA[<p> When the sale price of a house is lower than the amount due on a mortgage, that property is said to be up for short sale. </p><p> This usually happens when the homeowner has not been able to keep up with his mortgage payments. </p><p> Rather than force the property into foreclosure, a lender will sometimes opt for the short sale.  If, let's say, a homeowner owes $150,000 on a mortgage and can no longer make his payments, a short sale may be started.  The homeowner's lending institution might make an agreement with him to put the house on the market for much less than that $150,000. </p><p> Now, the home may be put on the market as a short sale.  It typically takes much less time to sell a house that is on the market as a short sale rather than a foreclosure. </p><p> It still takes longer to close on a short sale than on one with no such contingencies. </p><p> Short sales often require multiple level of approvals.  Debts to a homeowner's association or a second mortgage are sometimes found with short sales.  Additional creditors, such as tax assesors may also need to approve the sale before it can be implemented. </p><p> The wide array of possible creditors, parameters and processes involved in a short sale makes it a relatively complex and highly-specialized type of real estate transaction. </p><p> Not surprisingly, short sale deals have a high failure rate and often do not close in time to prevent foreclosure.  Because both the lender(s) and the borrower are constantly in negotiation, a house that is up for short sale one day may not be available for purchase the next day.  For instance, the homeowner may decide to try to refinance in order to keep the house, or he may decide the short sale is too difficult and settle for foreclosure.  The holder of the mortgage may decide to remove the home from short sale in order to begin foreclosure, or in an effort to allow the current owner to continue to hold the property.  The complexities of purchasing on a short sale basis are in some ways similar to those of buying a foreclosed property. </p><p> The purchase of a home on a short sale basis is therefore subject to delays and usually is one of the longer real estate transactions in terms of time to completion.  This is just one of the reasons that homes on the market as short sales sell below market value.  Before signing on the dotted line, there is a lot more to be done even after the status of the short sale has been verified successfully.  Getting to contract quickly begins with your ability to quickly produce the necessary funding.  You will want to get the property inspected. </p><p> Checking for additional second- or third-tier creditors is a good idea.  Knowing how much the current owner paid for the property, and what similar homes in the neighborhood go for will be very useful information. </p><p> Handling a short sale without the assistance of an experienced professional is not recommended because there are just so many things that can go wrong along the way.  You will be best served to find a real estate agency that specializes in short sales.  If the real estate agency does not offer you one, ask for the assistance of a buyer's agent.  He will work through the entire process with you, ensuring that your short sale purchase is a succcess.  Jerry Guy is a licensed Realtor who specializes in helping his clients find residences throughout the region, including the Brandon, Florida real estate and Tampa real estate markets. He has extensive knowledge of a range of properties including the highly-specialized categories of foreclosure, REO, Waterfront and Luxury Home properties. Whether you are undergoing military relocation or searching for homes in the Tampa Bay Area for sale to accommodate you and your family, our services can prove invaluable to your success. For more information, please visit Jerry's website at <a href="http://www.jerryguybuyersagent.com/">www.JerryGuyBuyersAgent.com</a>. </p>]]></content:encoded>
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