New Tampa Short Sale

SHORT SALE!!!!!BANK ACCEPTED SHORT SALE..Located in the beautiful subdivision of Arbor Green. This spectacular home sits in a cul da sac and backs into a conservation area. The home is located in a stunning park view. This beautiful home is a 5 bedroom 3.5 bathrooms 3 car garage...When you're ready to entertain, the house provides a beautiful self cleaning pool with a jacuzzi and a shower outside. This house also provides surrond sound throughout with stainless appliances in the kitchen. You have to see this house to believe it.

Please feel free to call me to preview this home.

Thank you,

Ainsley Daux

Home Run Real Estate inc

(813)546-1954

http://ainsleydaux.topseller.net

Short Sale Buyer List

Short Sales Short Sales!

I have listed and negotiated many short sales in the last few years. A few were easy to negotiate and a few made me pull out the little hair that I have left. As a listing agent you create systems or procedures which helps you and the seller expedite the short sale. In the buyers case its a little different. Since many buyers are unaware of the short sale mitigation process I decided to put a list together to educate my buyers when there looking to purchase a short sale...

Even though I normally list short sales, I also work with buyers looking for short sales. In order to provide the best quality service to my buyers, I asked several buyers agents "what are buyers looking for when purchasing a short sale"? Many buyers are turned off with the highly competative of the REO’s and are willing to wait on the approval of a short short sale. I’ve put together a Short sale checklist which enables me to service my clients better…

Short Sale Buyer's list (Tampa Bay)
1)If the home has been owner occupied I try to obtain a “property disclosure”

2)I ask the listing agent "if the property is vacant", if vacant who is responsible to turn on the utilities for inspection purposes.

3)If the property is occupied, I need to know what items convey with the purchase.

4)I also ask if the property is tenant Occupied..If the property is a tenant occupied, are the tenants aware that the prorpety is for sale and will they vacate the property before closing?

5) I specify on the contract that the "inspection period is effective upon approval of the lender".


The above list will are essential elements that should be presented prior to a buyer submitting an offer on a short sale. By having these questions answered it can prevent issues when the approval letter has been received.
Please feel free to provide feed back or call if you have a short sale question.
Thank you,

Ainsley Daux
Lic Realtor
Florida Realty
(813)546-1954

Many of Americans still want to own a home

I came accross some very interesting information; despite the real estate downturn or crisis more than 51% of people said the the bust did not change their willingness to buy a home and an additional 27% said they would more likely to do so.The study which was conducted by Fannie Mae also noted reasons such as remodeling the home or to send the kids to a better school is what motivated buyers. Also, with great interest rate, low prices and incentatives many first time home buyers are taking advantage. Although trillions of dollars of equity were wiped out by the housing bust and millions of people will lose homes to foreclosure, nearly two-thirds of people surveyed believe purchasing a house is a safe investment. More than half the public also thought buying a home was a good idea financially even if they plan to move out in less than three years. Further, a huge majority, 86% of those surveyed, cite income-tax benefits -- mostly the mortgage interest deduction -- as a big reason to buy.
Good Day
Ainsley Daux
Home Run Real Estate inc
(813)546-1954
http://ainsleydaux.topseller.net

How To Save On Energy (Tampa Bay Housing)

The weather has changed; we are in for another cold winter. We are expecting cold days here in Tampa. Today’s high is 35 degrees which is cold for Tampa. With the cold weather the heat is on to keep the house warm. With running the heat all day you, can expect a higher energy bill. Here are few tips to save on the energy bill Call your local eclectic company carrier to provide an energy audit. An Energy Audit is an inspection of your home that identifies areas where you may be wasting valuable energy. Take advantage this recommendations, it can be a great way to save on your annual energy costs. Building improvements can also help on energy cost. Improvements such as: ceiling insulation, wall insulation, window replacement, window film. You may want to hire a professional to advise and assist with those revisions
Plan how to use the heat. If you are work during the deal you may want to turn off the heat or keep it on auto. Unplugging items that are not being used can also help on energy costHaving your ac unit cleaned and serviced. Especially in Florida, we run the ac all summer and now a days most of the winter. Every year I have my ac system cleaned and serviced after winter and after the summer. Not only do it increase the life of the ac system, it also help reduce energy cost

Ainsley Daux
Home Run Real Estate inc
(813)546-1954

Short sale or Deed-in-Lieu (short sale Tampa Bay)

The difference between a short sale and a deed-in-lieu of foreclosure transaction is determined by who is responsible for selling the property. In a short sale, the seller is be responsible for selling the house. A short sale is a transaction in which the lender, or lenders, agree to accept less than the mortgage amount owed by the current homeowner. In some cases, the difference is forgiven by the lender, and in others the homeowner must make arrangements with the lender to settle the remainder of the debt.
In the deed-in-lieu of foreclosure transaction, you surrender ownership of your property to the lender (with the lender's written consent) and the lender then assumes full responsibility for selling the house. Similar to a short sale, the lender will may agree to forgive the remainder of your loan.A deed-in-lieu of foreclosure also might help your chances of getting another mortgage loan in the future, and it will definitely help avoid the lengthy legal process of foreclosure. Although it has a negative impact on your credit rating, deed-in-lieu of foreclosure is probably less harmful than a foreclosureThe difference between a short sale and a deed-in-lieu of foreclosure transaction is determined by who is responsible for selling the property. In a short sale, the seller is be responsible for selling the house. After a short sale has been completed, you should be able to purchase a house in 2 years with 20% down. Once the short sale is completed take steps to rebuild your credit.

Ainsley Daux
Home Run Real Estate inc
(813)546-1954

Down Payment Assistance (Hillsborough County) Tampa Bay

The New year is almost here; 25 days to be precise. This is the time of year many of us prepare our goals for the new year...As we all know despite the real estate crisis, buying a home is still the American dream...With the crisis comes great deals; first time home buyers can purchase a home with a great interest rate and find a good solid deal on a home..After talking to a few prospective first time home buyers that were ready to make the jump from renter to owner, they only one problem "no down payment'. Ainsley Daux to the rescue!!!I referred them to our county's "first time home buyer program". If eligible, the buyers can receive up to $40,000 in down payment assistance. First thing I hear whenever I present this program "what is the catch" I than explain there is absolutely no catch. I closed a few deals with the buyers utilizing down payment assistancePlease see below for more detailed information on down payment assistanceWhat Is The First Time Home Buyer Program?Hillsborough County’s First Time Home Buyer Program provides Downpayment Assistance, and Closing Cost. These funds are provided by Hillsborough County through the State Housing Initiatives Partnership (SHIP) Program and through the HOME Investment Partnerships (HOME) Program.This assistance is provided in the form of a 0% interest, deferred payment loan. This simply means that there is no interest accrued and no payments are made during the life of the loan. The DPL is a second mortgage with a 30 year term. If ownership is maintained for the full term of the loan, then the second mortgage with Hillsborough County is forgiven and repayment is notnecessary.
Who Is Eligible For This Program?To qualify you must be a first time home buyer in Hillsborough County. Your total household income must be 120% and below the area median income; you must also meet certain requirements.

1) You cannot have owned a home within the last

2) Applicant must be able to qualify for primary financing by a lender.

3) The annual percentage rate of the primary financing the applicant must be eligible for FHA, VA and conventional loan from a private lending institution, with a rate no higher than one ( 1 ) point above the "Fannie Mae 60-Day Rate".

4)You must attend an 8-hour mandatory FTHB Education class. The list of contact phone numbers to schedule a class is listed below

5)A minimum down payment is required, which may include prepaid amounts such as appraisal, and application fees

6)Applicant's debt ratios shall be at or below 33%, but not less than 25% (PITI ÷ monthly income) and no higher than 45% ( [PITI + monthly debt] ÷ monthly income ).

7)Applicant's gross income must be at or below the following annual income limits - (80% median income) according to household size as determined by HUD, or (120% median income) according to household size as determined by the State of Florida - State Housing Initiatives Partnership ( SHIP ) Program

Please feel free to call or email for any other real estate concerns
Thank you
Regards

Ainsley Daux
Home Run Real Estate inc
(813)546-1954

Down Payment assistance

Hillsborough county is offering down payment assistance to first time home buyers who qualify...Is it a myth or a legend..No its not a myth nor a legend. Ive closed many deals representing buyer that utilized the Down Payment assistance or DPA for Short. Today's deal I was representing the seller the buyer was utilizing the DPA. The buyer received 40k in down payment assistance. She was ecstatic. She closed hte1st loan with her lender than the county representative came by the closing with the check and their documents which is considered a 2nd mortgage...
Please feel free to contact me if you have any questions or concerns regaridng down payment assistance
Ainsley Daux
Home Run Real Estate
(813)546-1954

Short Sale Questions Tampa Bay

A buyer submitted an offer on my home, what should I do?
Your agent should go over the contract with you. If you are comfortable with the terms, your agent will submitt the contract to the lender. Prior to your agent having contact with the lender, the agent will need a signed authorization letter from you (the seller). The lender will request some information from you including a short sale packet that you should be able to find on their website. (see below for most common requested information)
w-2
last 2 pay stubs
bank statement
hardship lettere
T4506 form
Authorization letter

For any short sale questions, please feel to call or email.
Thank you,
Ainsley Daux
Home Run Real Estate inc
(813)546-1954