Foreclosures and Short Sales in Tampa FL are just about non existent. Foreclosures, Short Sales and other types of bank owned homes can be a good buy when the banks have a large inventory. Thankfully that is not the case here in Tampa atleast for now. When banks own very few properties they tend to want full price. Smaller lenders and private mortgage lenders may still be selling and a decent price point. Feel free to check back again and again as this page is continually updating.
So what exactly is a short sale? A short sale is when a home owner contacts their lender and tells them that they can no longer afford to make their payments. If the lender is kind they may even give the person who has the mortgage a Deed In Lieu but that is very rare. The owner will also have to document why they can no longer afford to make their payments.
There are several important things worth mentioning. A short sale must be done by a Realtor. I know of no lending institution which will allow an owner to do it themselves. If you are performing a short sale in Tampa FL get an attorney. Also if you are performing a short sale in Tampa FL keep in mind their will probably be tax implications. Any forgiven debt may have to be recorded as income. Contact us if you need to short sale your home.
Foreclosures in Tampa FL
Foreclosures are very low in Tampa FL right now. Hopefully that will stay the same for quite some time. There are some unique things to consider when purchasing any Tampa FL Foreclosures. Namely when the bank has very few the prices are probably not going to be very attractive. However that is not always the case with smaller lenders. Purchasing these types of homes will usually be done slightly differently as well. Often there are specific forms to be filled out from the bank who owns the home. You will also be purchasing the home as is and the bank may not know what things are even wrong with the home.
Purchasing a foreclosure or short sale in Tampa FL
First thing when you see a home you are interested in reach out to us. Or if you like we can set up a personalized alert for you and you can get automatic updates in your email when new listings hit the market. Below, and updated constantly are the foreclosures and short sales in Tampa FL.
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All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independent verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.
The source of the listing data is as follows:
Stellar MLS (updated 1/22/25 6:11 PM) |