Nancy Cross

NEW Tax Credits

2009-11-06T13:20:00Z

President Obama will be signing into law the new Tax Credits today. This means there is STILL an opportunity for First Time Buyers to obtain the $8,000 credit, PLUS now Existing Home Owners may be eligible for a $6,500 credit.

Existing home owners must have owned their current home for at least 5 years. To qualify for the credit opportunities you must have your next home under contract by April 30th 2010, and complete the transaction by end of June 2010.

Contact Nancy for more details 813-789-7836

Price Reduced on 1505 E Dr Martin Luther King Blvd in Bonita

2009-11-02T15:08:00Z

Bonita, Tampa - Announcing a price reduction on 1505 E Dr Martin Luther King Blvd, a 1,745 sq. ft. single story. Now MLS® $112,000 - Priced to SELL!.

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2754 Windguard Circle in Windfair is Sold!

2009-11-02T15:07:00Z

Windfair, Wesley Chapel - The single story at 2754 Windguard Circle has been sold.

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House prices down 0.5%

2009-10-22T14:58:00Z

According to the 10-City Composite Index of house prices released by real estate market data provider Altos Research, house prices declined 0.5% in September and 1.1% during the third quarter. The index is a measure of home prices based on summaries of metrics associated with active residential property listings. After bottoming out at $470,017 in January, it gradually increased to $509,030 in July before again declining and was $503,401 in September. Of the 26 markets Altos Research examines, asking prices increased in only five, including Los Angeles, which experienced a 1.5% increase, the largest of the 26 markets. Phoenix had the largest monthly decrease of 3.7%. Inventory also declined in 23 of 26 markets. All of the 26 markets except San Francisco had a median days-on-market of 100 or more in September. Miami had the slowest inventory turnover rate at 251 days. Altos said prices are likely to continue showing modest declines throughout the seasonally weak fall and winter months of 2009, and that this year’s downturn would likely have been worse if not for historically low mortgage rates and the first-time home buyer tax credit. Want to know the value of your home here in Tampa? Click on www.tampahomesearch.us and find out.

Price Reduced on 27627 Sugarloaf Drive in Northwood

2009-10-12T23:44:00Z

Northwood, Wesley Chapel - Announcing a price reduction on 27627 Sugarloaf Drive, a 1,810 sq. ft., 2 bath, 3 bdrm single story. Now MLS® $169,900 - GREAT Price.

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Announcing The Foreclosure Rescue Program!

2008-10-25T21:21:00Z

The PANDA Team has the Foreclosure Rescue Program and it could help you!

The British Police introduced The Panda Car in the 1960s, and it still uses the "Panda" designation on it's vehicles today...

This was a "Ford Anglia", and was used for all kinds of rescue...

We're ready to jump into high gear to save you from foreclosure!

But first some information...

There are several terms you need to be familiar with when dealing with a possible foreclosure, and you should probably be aware of how the process normally progresses.

The Lender can decide how many months of non-payment they will accept before starting the process, but figure on 3 to 6 at the outside. After that they will send a Notice of Default, outlining the amount you owe, how late you are, and what you can do to become current again. At the same time, or soon afterwards, they may file a Lis Pendens in the County Court, which states their intention to sue. Once the Court has assembled the documentation, a Notice of Action will be published, and then finally you will be informed through a Final Judgement that a Foreclosure is imminent. Foreclosure itself is handled through an auction. We strongly recommend that you consult an attorney if you find yourself in this situation. Of course we would be happy to assist in you finding a well-qualified attorney too.

During the "pre-foreclosure" period, while the lender and court are going through the process above, you may be able to arrange a "short-sale" of your home. Most Lenders insist that your home be listed for sale by a licensed professional, and it is usually a good idea to have a "short-sale" qualified licensed professional manage the short-sale process for you too, since it can be somewhat complex.

Short Sale Primer

What is a Short Sale?
A short sale is when a Lender agrees to accept less than the amount owed to pay off a mortgage. In our current market in Florida, this often occurs because the value of the home has dropped below the amount owed on the mortgage.

Why would the Lender accept a Short Sale?
Well to begin with, the Lender is in the financing business NOT the Real Estate business, and certainly would prefer NOT to own your property. Accepting less than the full payoff for the loan now, may help the Lender avoid an even lower payoff later, since there are costs associated with every stage of the foreclosure process. If the Lender has to take possession of the property, they incur property management costs as well as still having to sell at market price or below.

What if I have an equity loan or second mortgage too?
Normally the primary loan holder will be the entity to file for foreclosure, since they have "1st position", and will receive the funds (or the property) at foreclosure. Second or subsequent liens are paid from any funds left over after the 1st position lienholder has foreclosed. In a short sale situation, there are NO funds left, so lenders in 2nd or subsequent positions will receive nothing if a foreclosure occurs. For this reason they may be willing to accept a much reduced payoff, which will be negotiated as part of the short sale process.

How long does a Short Sale take?
The normal process calls for a Licensed Real Estate Agent to list the property for sale, using all normal means to create a sale. Once a Buyer makes an offer on the house, the agent will submit this to the Lender and the Short Sale process begins. From this point it can take 3-5 months, while the Lender assigns a loss mitigator and or "investor" to the process, and requests a wide range of information from the Seller, Seller's agent and Buyer's agent. So, since the house has to be marketed first, then still needs 3-5 months to close, it can easily take 6 - 8 months! Not many Buyers want to wait this long...

Why use the PANDA Team's Foreclosure Rescue Program?
1. We buy your house
2. We are qualified short sale professionals
3. We reduce the time a short sale takes
4. We handle ALL aspects of a short sale for you
   a. Assemble the documents required by the Lender
   b. Negotiate with the Lender
   c. Find the new Buyer
   d. Manage the Closing

For more information, visit http://www.crossteamrealty.com/Pre-Foreclosure/page_2080762.html. Or send us a quick email to NancyCross@CrossTeamRealty.com. We'll answer any questions you have regarding "short sales" or the Pre-foreclosure Rescue Program.

2 Story For Sale in Tampa

2008-06-26T06:00:00Z

Beautiful home!

• 3,746 sq. ft., 4 bath, 5 bdrm 2 story - MLS® $349,000 - Short Sale!

Tampa, Hillsborough County - A stunningly beautiful home in Cross Creek, close to schools shops, and highways, with easy access to SR 56, I-75, and I-275. This well planned, spacious home is absolutely move-in ready.
This is a short sale, so offers will be subject to bank approval.

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Townhouse For Sale in Hyde Park

2008-06-25T06:00:00Z

Immaculate!

• 1,528 sq. ft., 2 bath, 3 bdrm townhouse - MLS® $324,900 - Special pricing!

Hyde Park, Tampa - Immaculate three story townhouse, with 1 bedroom and half bathroom on 1st floor, living areas on the second floor, and the master and third bedroom on the top floor. Close to all downtown activities, including restaurants, theater etc.
This is a short sale, so offers will be subject to bank approval.

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Single Story For Sale in Northdale

2008-06-16T06:00:00Z

• 1,751 sq. ft., 2 bath, 4 bdrm single story - MLS® $249,000 - Short Sale

Northdale, Tampa - This is a short sale and all offers subject to bank approval. Listing price may not be sufficient to cover all encumbrances, closing costs, or other seller charges and sale of Property at full listing price may be conditioned upon approval of third party AC new in 2007. The HOA of $35.00 is optional.
Real pine wood floors, large screened in pool, cul-de-sac street. 4BR/2BA, split plan. Walking distance to YMCA & shopping.

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2 Story For Sale in Meadow Pointe

2008-06-08T06:00:00Z

Completely remodeled!

• 1,224 sq. ft., 2 bath, 2 bdrm 2 story - MLS® $124,900 - Priced to sell!

Meadow Pointe, Wesley Chapel - Gorgeous 2 Bed/2.5 Bath townhome locately in the heart of Meadow Pointe in the gated community of Covina Key. The townhome has been completely remodeled with wood laminate flooring in the downstairs living areas. The kitchen has been remodeled with granite counters and 18" custom tile. Upstairs you'll see both bathrooms have been remodeled with 18" custom tile flooring, granite counters and new sinks and faucets. This is a great value for the neighborhood. All sinkhole remediation has been done to this building and insurance has been resolved. All appliances will stay with the home. HOA fees include water, building exterior maintenance, roof repair/maintenance, trash removal and building insurance. Relax on your screened, covered lanai and enjoy maintenance-free living!

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2 Story For Sale in South Tampa

2008-06-04T06:00:00Z

2 minutes walk from Bayshore Blvd

• 5,010 sq. ft., 5 bath, 6 bdrm 2 story - MLS® $1,100,000 - Special pricing

South Tampa, Tampa - Tranquil custom built concrete block pool home just steps to beautiful Bayshore Blvd. Enjoy the serenity of luxury Florida living just minutes to downtown Tampa . This spacious 6 bedroom pool home is nestled beneath sprawling Oaks & lush landscaping Walk thru the mahogany leaded glass doors you will continue into the 2 story foyer framed with Cherry and wrought iron staircase. enjoy the formal living room with fireplace & 21ft ceilings. Huge kitchen area that is surrounded with custom cabinets and thermadore appliances. prepare your meals on the 12ft x 6ft solid granite island with a deep copper sink and 2 dishwashers. All this overlooking the two story family room with lots of sunlight. The new owner will appreciate the thoughtfully designed Master wing on the ground floor featuring room for your king size bed & sitting area overlooking the spa and pool. In this separate wing, you will also enjoy the comfortable sized office, and 2 walk in closets, double frosted glass doors leading to the spacious travertine bath with copper nickel tub, large separate shower with tall glass surround. Upstairs is finished in brazillian cherry floors along with second floor balcony over looking pool.

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Single Story For Rent/Lease in Westchase

2008-05-15T06:00:00Z

Great position!

• 904 sq. ft., 1 bath, 1 bdrm single story - MLS® $800 USD Monthly

Westchase, Tampa - Attractive 1 bed/1 bath apartment in beautiful Lake Chase. The community surrounds a lake, is close to all Westchase amenities and has easy access to major roads such as I-275. There's a recreation center and pool on the site.

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Lot / Land For Sale in Lutz - Pasco County

2008-05-15T06:00:00Z

Vacant Land

• lot / land - MLS® $129,000

Lutz - Pasco County, Pasco County - 2 Acres in Lutz minutes from Tampa. Bring your own builder. Owner of lot is architect and will design your home for free with purchase of the lot. No CDD, No HOA!! These lots are also ideal for daycare, ALF or church.This is one of 3 lots side-by-side. All 3 lots are currently available.

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Lot / Land For Sale in Eagle Crest

2008-05-15T06:00:00Z

Vacant Land

• lot / land - MLS® $214,900

Eagle Crest, Lutz - Pasco County - Vacant lot in Lutz just north of Tampa in prestigious Eagle Crest just off Newberger Rd. Last lot avaialbe and No CDD! Bring your own builder or we can provide one. Lot is owned by architect who will design your house for FREE with purchase of the lot.Located in a private gated community on a cul-de-sac street with easy access to hwy 41, Dale Mabry, I275, I75, Veterans and County Line Rd. Eagle Crest is a small friendly neighborhood with unique homes and no CDD . Call today for an appointment to see this property or to inquire about our other 1 or 2 acre lots available in Lutz.

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Single Story For Sale in Sanctuary

2008-05-15T06:00:00Z

Vacant Land

• single story - MLS® $279,000

Sanctuary, Lutz - Pasco County - 1.2 Acres high and dry lot located in the exclusive gated community of The Sanctuary on Livingston. The owner has alredy backfilled with dirt so the new owner has over 1 acre usable land. No flood insurance required since lot is higher than most!Owner of this lot is an architect and will design your home for free with purchase of this lot. Over one acre conveniently located near back entrance of The Sanctuary for easy access in and out of the subdivision.

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