Category Archives: st petersburg short sales

Short sale approval letter from Wells Fargo

Below please find a link to an actual Short Sale approval letter from Wells Fargo. We have wite out the name of our short sale seller, loan number and amounts. I think this short sale approval letter might help you understand the Short Sale situation a little better. This is pretty much the last stepContinue Reading

Understand your Credit Score when facing a short sale or foreclosure

Understand your Credit Score when facing a short sale or foreclosure

Understand your Credit Score when facing a short sale or foreclosure Let me present the bad news first.  In any short sale or foreclosure your credit score will be hurt, Short sale by about 200 points; in a foreclosure about 400 points. Hopefully you have realized this website is not about how terrible short salesContinue Reading

Information about Short Sales

Information about Short Sales

What Is A  Short Sale and How Does It Benefit the Seller?   Short sales happen when a home is sold for less than the mortgage owed by the homeowner on it. The proceeds of the short sales go to the lender. The lender will accept short sales even at a loss since having theContinue Reading

10 Tips to Sell Your Condo or House as a  Short Sale.

10 Tips to Sell Your Condo or House as a Short Sale.

10 Tips to Sell Your Condo or House as a  Short Sale.      A short sale is when a homeowner needs to sell the home for less than the amount owed on the mortgage, with all           the proceeds going to the lender. It is an alternative that most homeownersContinue Reading

Can I Do a Short Sale?

Can I Do a  Short Sale? A homeowner will choose to sell a home as a short sale if the home’s value is less than what he or she still owes the bank on mortgage. Lenders will generally accept to take a loss on short sales since they incur more losses on foreclosed homes inContinue Reading

St Petersburg Short Sales | I have a mortgage and an equity line, can I still qualify for a short sale?

St Petersburg Short Sales | I have a mortgage and an equity line, can I still qualify for a short sale?

St Petersburg Short Sales | I have a mortgage and an equity line, can I still qualify for a short sale? In a St Petersburg Short Sale, yes, you can have more than one mortgage in order to qualify for a Short Sale. It is a bit difficult, but possible. Here is the reason whyContinue Reading

Short Sales| “abandoned” properties, only because they are not occupied?

Short Sales| “abandoned” properties, only because they are not occupied?

 Short Sales| “abandoned” properties only because they are not occupied? St Petersburg Short Sales, who determines that a property is abandoned? We got so mad the other day. We had a Short Sale listing in St Petersburg with the lender being Bank of America. After years of doing Short Sales here in St Petersburg weContinue Reading

You are not alone, Short Sales in Treasure Island and St. Pete Beach | Zip 33706

You are not alone, Short Sales in Treasure Island and St. Pete Beach | Zip 33706 A lot of our Short Sale sellers are worried about things like, “What is the neighbor going to say? What will my friends think? What if people at work find out? How am I going to tell the rest ofContinue Reading

St Petersburg Short Sales | Why won’t I qualify?

St Petersburg Short Sales | Why won’t I qualify?

 St Petersburg Short Sales | Why won’t I qualify? St Petersburg Short Sales, why won’t I qualify?  Well, how do you know? There are all kinds of myth and rumors and false information going around when it comes to Short Sales.  Where did you get your information? Who did you get it from? A St PetersburgContinue Reading

Short Sales in zip code 33706 Treasure Island St. Pete Beach.

Short Sales in zip code 33706 Treasure Island St. Pete Beach.

Short Sales in zip code 33706 Treasure Island St. Pete Beach. Here in Pinellas county we currently have 31 properties listed as short sales in zip code 33706, which is Treasure Island and St. Pete Beach. I am mentioning this because we have a lot of Short Sale buyers that think only small homes orContinue Reading