Foreclosures, Short Sales, REO, Repossessed, Bank Owned what is the difference between these terms. If you are looking for these properties, look no further, check us out at Tampa Bank Owned for Absolutely FREE access to all residential and commercial properties available for sale. We are different than those companies out there charging you to see these lists. The difference with us is these properties are FREE to access, they are actively for sale, and we offer the expertise to buy these homes.
So let's see if we can clear some things up.
Tampa Short Sale is where the bank has authorized the current owner of the property to sell the property for less than what is owed the bank.
Tampa Foreclosures is a property that has or is going through the foreclosure process, in other words, the lender is trying to get the property back due to lack of payment per the mortgage agreement.
Tampa Repossessed or Tampa Bank Owned Home is where the property has been taken back by the bank and the bank is now the owner of the property. At this point, the bank will try to sell the property rather than carry it for any given period of time.
You need time, money, and an excellent Tampa Realtor to help you navigate through the mountain of paperwork involved with these homes. So if you have the time and money, we can help. Just check us out online at Tampa Real Estate for more info.
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