Learn about Homeowner Programs and Short Sales in Tampa, FL

Homeowner programs are some of the ways that you can save your home from foreclosure. There are options available and if you do not know where to look, many lenders can point you in the right direction. If you are a Tampa, FL homeowner you can check into forbearance, modification and deed in lieu of foreclosure. Another thing you may want to check into is short sales in Tampa, FL.

This has advantages over foreclosure that can be beneficial. Of many of the homeowner programs available, this is one that can help if you are unable to make the payments on your home. Short sales in Tampa, FL have the following advantages.

• A short sale is not placed on your credit history, therefore it shows up as ‘paid in full’ or just ‘paid’.

• After the short sale the only thing that will show on your credit history will be late payments. This will typically lower your credit score from 50 to 100 point. That is only if all your other payments to creditors are paid on time.

• Should you decide to buy another home in the future, you do not have to disclose that you did a short sale on your property. There are no questions similar to the ones asked if you had a foreclosure.

• Short sales in Tampa, FL have the advantage of allowing you to purchase a Fannie Mae mortgage only 2 years after the sale of your home.

• You can negotiate another option rather than a deficiency judgment on your short sale. The terms of this should be s tated in a letter that is attached to the lender’s acceptance of the short sale.

• A plus side to these types of homeowner programs is the short sale does not keep you from getting a job that requires a security clearance. The short sale does not show up on your credit rating. Therefore employers do not feel that they have to terminate an employee.

• Since the shorts sales in Tampa, FL do not show up on your credit report, a prospective employer will not see it so it will make no difference in the hiring process.

These options can help if you check into the homeowner programs that are available. Short sales in Tampa, FL may be the answer to your problem at the present.

If you would like more information about short sales, please feel free to contact us at 813-421-5258 or visit our Find a Local Counselor page where you can send us a message.  We’ll get back to you right away!