Tampa Bank Owned Homes / Properties

First and foremost, for a limited time, we're featuring Tampa bank-owned properties on the "Red-Box Deals" on our site.

In the recent weeks, we've had significant increase in inquiries for short sale homes and foreclosures. Most buyers just look at the price tag without realizing that these prices are brokers opinion only and that these prices have NOT yet been approved by the bank (lenders). To a certain extent these have been abused by some. i.e., homes normally selling for $300K may be listed for $160K, with a fineprint stating "subject to third party approval" (bank/lender). Even at a full asking price offer of $160K, if the house appraises for $280K, the bank may counter with $280K. Ref: Short Sale: Not for the light hearted buyer

We've been recommending Bank Owned (REOs) properties as an alternative and there have been an increasing number of these deals. Most of these prices (if not all, in Tampa anyway)  have been approved by banks and most will negotiate an offer. See our Tip on why buy Bank Owned properties.

Happy (bargain) house hunting:)

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