Tampa Bay Real Estate Blog

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 FREE access to all residential and commercial properties available for sale.

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.

A 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.

A 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.

If you have the money, and have the time, there are some great deals to be had, just be patient.  There are alot of out of country people looking at these properties right now because our dollar is weaker and the deals are a plenty.  Don't miss the rush, because whent they are gone, they are gone.