Yesterday, you may have read the Article in the Tampa Tribune regarding foreclosures sweeping the nation in massive numbers! F.A.R. recently reported that a recent realty trac statistic showed that the Tampa Bay Area ranks 24th in the nation for foreclosure filings. It's said that one in every 79 households earlier this year have filed for foreclosure.
What does this mean to you? Well, if you are seeking a real bargain in the Tampa Bay area, you're VERY LIKELY to get it! However, Be Prepared because the lenders have also taken strict measures to ensure their continued presence in the lending business!
Saddle up because if you are self-employed (cannot verify income), don't have a down-payment, have less than prime credit, or lack plenty of reserves, you could be turned down for a mortgage.
While many may not qualify for that loan (that DID just a few short years [even months for that matter] ago), there are plenty with the ability to qualify that will relocate here.
With cities like Detroit, where job losses in the auto industry have wreaked havoc on the local economy and housing market, reporting one filing for every 29 households, comes in second in the nation!
For more information about other cities and where your city ranks, click here.
We are helping many families relocate from the Detroit, Michigan and other areas, get settled here and start to rebuild a great life here in sunny Florida.
If you are thinking of buying in the Tampa Bay Area, contact us for a FREE Tampa Relocation guide to Florida schools, jobs, and other points of interest in this great opportunity "V-Shaped" economy we have here.
Need help with a bank Short-Sale, so that you can sell your home and not have a deficiency judgement balance? Contact me for details.
Katrina Madewell, Serving Tampa communities for 15 years with Tampa Real Estate & Mortgage Services. Phone (813) 936-2302, Cell (813) 363-7727 or email us at: Info@KatrinaMadewell.com
Check out the beautiful homes we have to offer in the Greater Tampa Bay Area and search our MLS.
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I was born and raised in Tampa. I have been practicing real estate in Bradenton for about 14 years now. Our market has been hit a bit harder than the Tampa market.
It's nice to meet a Tampa agent who has a handle on the market.