Odessa Real Estate Information and Sales

Short Sales, Foreclosures and Pre-Foreclosures

If you're looking to find below market homes for sale in the Odessa, Florida or Land O' Lakes, Florida or the greater Tampa Bay area, contact us TODAY!

Allow us to show you our selection of good buys in Odessa, Florida, northwest Tampa and the surrounding cities of Land O' Lakes and Lutz. These properties became available for sale through a variety of reasons including foreclosure, pre-foreclosure, estate sales and relocations. Obviously, these properties cannot be given away, but you can reasonably anticipate a cost savings between 10 to 30 percent.

Although there can be significant cost savings when purchasing a distressed property, there are some additional factors you may wish to consider. Frequently, there are substantial delays between the initial offer to purchase and the completion of the sales transaction. Any encumbrances or liens on the property must be satisfied prior to the sale so that clear title can be transferred to the new owner.

In addition to time delays, a Buyer is frequently required to submit two sets of loan applications. One set to the Buyer's lender of choice and one to the Selling REO Department. The Selling REO Department uses the application information to evaluate the prospective Buyer's financial capacity to complete the transaction prior to acceptance of an Offer to Purchase.

Another factor to consider is the property condition. Some of these properties have remained vacant for long periods of time and require moderate to extensive maintenance and repairs. Since most REO Lenders require an "AS IS" Contract Subject to Inspections, the Buyer needs to carefully evaluate and inspect the property condition prior to proceeding with the Offer to Purchase.

To have "short sale" properties sent directly to your inbox, please complete our brief Property Request Form and indicate "Short Sale" in the Comments Section.

Send me Your Listings of Odessa, Florida
and Land O' Lakes, Fl Short Sales

When you find a property or properties of interest, please contact us to schedule your private showing and market evaluation of the subject property!

Housing and Other Web Resources

For assistance with Short Sale Property Listings in other areas of the nation, you may wish to contact these real estate service providers for assistance or, for a monthly fee, you can subscribe to a nation-wide foreclosure service.