Pinellas Short Sales aren't easy to get approved, yet so far we've obtained approval on every one we've attempted. Knock on wood! We aren't aware of any other Tampa Bay Realtors that can tout that record, yet I'm sure they are out there.
What's really encouraging is that banks are approving more short sale losses as foreclosures soar as John Gittelsohn and Margaret Colllins from Bloomberg News recently pointed out in this Short Sale article. 40,000 short sales were closed during the 1st half of 2009 which was a 6-fold increase over the 1st half of 2008.
The most amazing tidbit we gleaned from their study was that for every one short sale approved there were 25 foreclosures started or completed! Oh my!
Lenders net 10-15% more with a short sale. And there's no good reason a lender wouldn't approve yours - provided you can demonstrate a hardship - which is more often than not easy to do.
It's not necessary to be a statistic when there are so many options available. Perhaps a Tampa Short sale isn't even necessary for you - maybe you just need to quickly reduce your price as outlined here in Tarzan and Jane's Story in our Pinellas Real Estate Blog @ The Pinellas Peach.
The first step with any challenge is to talk with experienced professionals like us to determine what all of your options are.
Feel free to explore our site and call us now at (727)366-0324 to chat.