Friend or Foe - Tampa Foreclosures

Let me explain the title a bit. Tampa Foreclosures, typically bad for sellers (only if you are the home owner and you don't want to leave) but great for those looking for a deal in property. But wait there is more. If you are going to purchase a Foreclosure, make sure you know what the heck you are doing. Many properties that have gone thru the foreclosures process may have some damage to "stuff" that may or may not be visible (since homeowners may have been forced out and are angry about the situation, you really need to have a thorough home inspection)

Whatever your case is, you really need to understand the market and what a Short Sale is vs a Foreclosure. Believe me, a Short Sale is NOT Short as the name would indicate but that is for another blog post altogether.

Both Foreclosures and Short Sales can yield great savings, but keep in mind that you can still get great deals from non Foreclosure and non Short Sale properties...you just need to look for it.