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Thursday, May 14, 2015

New Short Sale Listing


                                        New Short Sale Listing

Home is sold as a short sale. Some repairs needed. This home is located in the desired area of South Tampa, this will not last.
Please or email to see this home today.
Thank you,

Ainsley Daux
Florida Realty
813-546-1954
Tampa Bay Real Estate
Dover Florida Real Estate
Brandon Florida Real Estate

Thursday, April 16, 2015

JUST SOLD another SHORT SALE

Just sold another short sale

This home is on 1 lot, fixxer upper. This home is centrally located minutes from a park, 15 minutes from the beach. This will not last

I did it again
Please call if you have any short sale questions.

Thank you,

Ainsley Daux
Florida Realty
813-546-1954
Tampa Bay Short Sales

Tuesday, February 17, 2015

Hillsborough County Short Sale Inventory

                                                          Hillsborough County Short Sale Inventory

The short sale inventory has decreased by ten folds in the last year. I can remember a few years back the market was saturated with short sales inventory. As of today, they are 430 properties in Hillsborough County  for sale as a short sale. This does not mean that  home owners are not delinquent on their mortgages, unfortunately they are 000s of home owners delinquent on paying their mortgage but they have not listed their home with an agent.
 A short sale is a sale of real estate in which the the sale of the  property will is less then the balance of debts secured by liens against the property, and the property owner cannot afford to repay the liens' full amounts and where the lien holders agree to release their lien on the real estate and accept less than the amount owed on the debt. Any unpaid balance owed to the creditors is known as a deficiency.
As a short sale specialist, I have listed and mitigated dozens of short sale in the last few years.
Please feel free to call or email with questions or concerns.
Thank you,

Ainsley Daux
Florida Realty
(813) 546-1954
Dover Florida Real Estate
Tampa Bay Real Estate
Tampa Bay Short Sale
Brandon, Florida Real Estate

Monday, February 16, 2015

Tampa Bay Area Tops in Final Foreclsoures

                                         Area Tops in final foreclosures


(Information provided by Times Senior Correspondent: Susan Taylor Martin)
 
Tampa led all major U.S. metro areas in completed foreclosures last year.  Lenders took back nearly 18,400 homes, houses, and condos, 5.3% more than in 2013.
The areas include Pinellas, Hillsborough, Pasco, and Hernando Counties. Tampa’s increase isn’t necessarily bad.
“The sooner we clear out these properties that are the result of the bust, the quicker the market can resume its upward turn,” said Irwin Wilensky, whose SunRaye Realty has listings for 200 bank owned homes throughout the area.
Foreclosures are considered complete when the property is sold at auction to the bank or an investor even though it might be weeks before the homeowner actually moves out.
Nationally, completed foreclosures in 2014 were at their lowest point since November 2007 when the housing market crashed.
Out of the 18,399 Tampa homes that went in to foreclosure auction last year, hundreds already have found new owners as demand and prices for bank owned properties climb.
Broker Peter Chicouris, whose Equity Realty handles foreclosures throughout Tampa stated, “The market has been very active.”  “Most properties have more than one offer when they hit the market, and average days on the market are less than 30 days. This is across the board from low-end all the way up to $1 million.”
In Hillsborough County, 3,259 single-family homes that had been foreclosed sold last year.  This is up 32% from the previous year.  The median price rose 9%, to $109,000.
In Pinellas, sales were up 34%, from 2,891 to 3,875.  The median price rose 8%, to $81,000.
Unlike a few years ago, when many foreclosures went on the market (some in deplorable shape), banks often rehabilitate the properties now before offering them for sale. 
The goal is to attract buyers who intend to live in the house instead of renting it out or flipping it for a quick profit.

Ainsley Daux
Florida Realty
(813)546-1954
Dover Florida Real Estate
Brandon Florida Real Estate
Tampa Bay Real Estate
Tampa Bay Short Sales

Thursday, February 12, 2015

Timeline to Reestablish your credit after a Foreclosure

                                             Timeline to Reestablish your credit after a Foreclosure


Due to the economic and financial hardships that many people faced in 2009, they were forced to file bankruptcy, short sell their homes, and many just gave up and were foreclosed on.
 
Considering all of these situations, people were put in difficult positions when it came to their credit.  Their credit ratings took a negative turn that affected their future home buying possibilities or anything involving credit scoring.  The following information offers help for those who may have been in one of these situations:
 
Bankruptcy Chapter 7
The following loans can be obtained in certain amounts of time.
FHA Loan:  24 months
USDA Loan: 36 months
VA Loan: 24 months
Conventional Loan: 48 months
 
Bankruptcy Chapter 13
 
FHA Loan:  12 months has elapsed since BK.  On time payments made while in Chapter 13, and written permission from the court to enter into a new mortgage.
USDA Loan:  36 months from discharge or dismissal
VA Loan: 12 months has elapsed since the BK.  On time payments made while in Chapter 13, and written permission from the court to enter into a new mortgage.
Conventional Loan:  Extenuating circumstances 24 months from dismissal or discharge date.
 
 
 
Foreclosure
 
FHA Loan:  36 months
USDA Loan:  36 months
VA Loan:  2 years, while exceptions on extenuating circumstances-can be less
Conventional Loan:  7 years
 
Short Sale
 
FHA Loan:  36 months
USDA Loan:  36 months
VA Loan:  2 years, with exceptions on extenuating circumstances-can be less
Conventional Loan:  *2 years- 80% LTV, * 4 years- 90% LTV, *7 years-can follow standard guides
 
Re-Established Credit
 
FHA Loan:  3 trade lines open active for 24 months paid as agreed.  No derogatory accounts since the event.  12 month verified residential NO late payments.
USDA Loan:  3 trade lines open active for 24 months paid as agreed.  No derogatory accounts since the event.  Must have a 24 months verifiable residential history NO late payments.
VA Loan: 3 trade lines open active for 24 months paid as agreed.  No derogatory accounts since the event, 12 month verifiable residential NO late payments.
Conventional Loan: 3 trade lines open and active for 24 months paid as agreed.  No derogatory accounts since the event.  12 month verifiable residential history NO late payments.
 
 
 Ainsley Daux
Florida Realty
(813)546-1954
Serving the Tampa Bay Area
Dover Real Estate
Brandon Real Estate