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Short Sale Real Estate and Title Company, Tampa, FL


UNITY ONE is a full service residential and commercial real estate and title company.  We are located in Tampa, Florida. Our special focus is listing and selling real estate in the mortgage loan delinquency and foreclosure stages. We have a wide range of experience in dealing with the Florida mortgage foreclosure legal process and the requirements that a bank or mortgage lender will impose on their loss mitigation and REO (Real Estate Owned) departments. We provide real estate listing, selling, buying, closing, escrow and title insurance services as a bundled product to meet the often strict time frames and requirements of a bank or court during the mortgage foreclosure and short sale process.

If the real estate has no equity, a homeowner may still be able to avoid a Florida mortgage foreclosure judgment by listing the real estate with us for a preforeclosure or short sale. A short sale in real estate occurs when the outstanding loan balance against a property is greater than what the property can be sold for at fair market value.  If a borrower owes more than the home is worth, or has very little equity in the home, it may be time for a short sale in order to avoid a Florida mortgage foreclosure judgment. 

From the bank or lender's perspective, short sales save many of the costs associated with a Florida mortgage foreclosure lawsuit, such as attorney or lawyer fees, the eviction process, delays from the homeowner or borrower, delays from bankruptcy, damage to the property, as well as the cost associated with maintaining the property just to name a few. Banks and lenders know they could lose substantially more if the property goes all the way to auction, so it is sometimes better to sell the real estate now at its fair market value and get rid of a non-performing asset. Therefore, a bank or lender may sometimes decide to accept less than the full amount of a borrower's loan balance in certain situations.  In turn, this provides the homeowner and borrower an opportunity to avoid or minimize the damaging affects of a mortgage foreclosure lawsuit.  All of UNITY ONE'S fees will be paid by the bank or lender should we be successful in our efforts, otherwise you owe nothing for our efforts.

If you are delinquent in mortgage loan payments to the lender, have been served with a notice of foreclosure letter or have received a mortgage foreclosure complaint, you have a very short time to respond.  In many cases, a homeowner and borrower may begin to lose precious legal rights in as little as twenty (20) days.  Any delay may make the situation you are in worse, and if a borrower or homeowner fails to do anything at all, the situation may become the worst case scenario possible.   Florida's mortgage foreclosure process will absolutely have serious, long lasting ramifications that you may have to deal with in the future, so it absolutely in your best interest to participate now while it is occurring.  Your decision to participate now may preserve, protect and safeguard valuable legal rights affecting your future income, credit worthiness and income tax consequences.  We know of experienced mortgage foreclosure defense attorneys who will assist you with your foreclosure lawsuit and assist with all the loss mitigation options for as low as $1.00 per day. Call us or e-mail us now to discuss how we can help you stop and avoid foreclosure.  There are many options for you to pursue during the preforeclosure and foreclosure process. Below is a list of such possible options.

  • Do Nothing
  • Reinstatement Plan
  • Repayment Plan
  • Loan Modification/Loan Restructuring
  • Loan Refinance
  • Loan Forbearance
  • Assumption
  • Partial Claim
  • Pre-Foreclosure Sales
  • Short Sales
  • Deed-in-Lieu of Foreclosure
  • Chapter 13 Reorganization of Consumer Debts   

 REALTOR®
                
Equal Housing Opportunity-Equal Housing Opportunity    



Unstructured: Editor's Blog of AOL Real Estate
Power of Staging   4/4/2008 1:20 PM
Washington Post Profiles Professional Stager

While professional stager Lyric Turner admits that she's making less money as a professional stager, she's having a lot more fun doing it.

Anyone who has a flair for color and spacing can be a potential stager, but there's no Coldwell Banker of staging or Bachelor's Degree of staging that you can get that will give you credibility. Either you can do it or you can't. Certainly a few months as a regular real estate agent might help you establish some street cred in the marketplace, but no certification is required.

Ms. Turner generally charges $5,000 to $6,000 for two months to stage a vacant three bedroom house. Considering that most people are probably looking at a $10K reduction in price if they can't find a buyer, that money is most likely well worth it. She also does consultations for as little as $250.

At the same time, I've noticed on HGTV's "Get It Sold", they generally reduce the price first and then stage the home, so it seems like a bit of a bait and switch -- but sellers who have given it a shot on their own are probably likely to try almost anything to get their homes sold. However, on that show, they are usually spending $1,000 or so, so it's not really costing the buyers anything, and on at least a few shows, I've seen a bidding war break out, so they end up getting higher than the list price. 

Staging also seems to be more effective in condos and town homes that are basically the same.

If you are looking to sell your home for top dollar, you may want to ask your agent about working with a stager, or see if one of your friends is an aspiring stager. Maybe they can reorganize your space for free and start building their own portfolio.

For More on Staging Your Home.
Two Years of Housing Doom   6/1/2008 10:06 AM
Housing Doom Blog Celebrates Two Year Anniversary

For you johnny-come-latelies of the housing "correction," these guys have been covering it day and day out for the past two years.

Not sure what the exit strategy is for a blog called Housing Doom, but maybe they are buying all these foreclosure properties cheap and just keeping their fingers crossed.

A dedicated blog team that deserves more recognition.
Power of the Suburbs   6/1/2008 10:01 AM
Economist Looks at Levittown, Strength of the U.S. Suburbs

Thought this was an interest "briefing" by our friends across the Atlantic at the Economist and their increasingly U.S. based readership.

Particularly this chart, which shows that the almost absurd level of growth in the suburbs from 2000 to 2006.


Defying stereotypes about "houses made of ticky tacky" you can see the large influx of diversity. What is not shown, but is mentioned in the article, is the influx of same-sex couples into the suburbs.

"Between 1990 and 2006 the city of Chicago added 50,000 residents, reversing a long decline. Not bad -- but in the same period the sprawling metropolis outside the city proper grew by well over a million."

While you may hear a lot about how great downtown living is, or how cities are offering more of the modern conveniences, at least until now, that has really not been the case in most American cities. However, was surprised the Economist did not take the story one step further, and examine how the rising gas prices and foreclosures may hurt the suburbs more than the cities, by making proximity to public transportation more compelling. While foreclosures may be an inconvenience in a city like Boston or New York, they are devastating to suburban markets such as Stockton, Ca., and other Western exurbs.

So, while this article did a great job of showing the power of suburbs in the last half decade, one can only wonder if things are already changing, or will it just be more of the same.
American Dream or Indentured Servitude?   3/16/2008 2:06 PM
New Yorker Essay Says Ownership Ties People/Economy Down

"In the U.S., it may be worth noting, the states that have the highest unemployment rates—states like Alabama, Michigan, Mississippi—are also among those with the highest homeownership rates. ... And reluctance to move not only keeps unemployment high in struggling areas but makes it hard for businesses elsewhere to attract the workers they need to grow."

This essay does a great job of calling out the biggest downside to homeownership -- increased difficulty in relocating.

Particularly in an area where one of the mainly employers suddenly lays off a significant portion of the workforce, the housing market is going to be flooded with homes for sale, valuations are going to drop, and owners will be forced to choose between selling at a loss, foreclosure or making the payments on a home with income they don't have.

At the same time, there is a lot more affordable housing in the United States than there are in places like Switzerland (mentioned in this article). Renting may not be a particularly viable option in rural areas where most homes are owner occupied, but you could see a scenario where the main breadwinner in a family might rent an apartment in another city as the rest of the family continues to live in the home they own.

In fact, NPR's Marketplace did a piece on Canadians from the eastern part of the country who spend most of the year in the mining towns of western Canada's providences, because they want their children to grow up somewhere completely geographically seperate from where they live. This is not uncommon in other parts of the world.

Of course, there's also no socialized medicine in the U.S., so owners for the most part need employment to be able to provide medical care for their families.

While this article raises some great issues, it probably doesn't do as much to suggest solutions, besides curbing our enthusiasm for ownership, which may be too little, too late.

How You Look at It: Markets Since 2003   3/16/2008 1:05 PM
18 Out of 25 Markets Are Up Since 2003; 7 Are Down

The Wall Street Journal and Radar Logic put together this graphic to illustrate the price per square foot in 25 major cites from 2003, 2005 and 2007 (2008 data not available yet.)

On the main page, the number you see is the year prices were the lowest. So if you see a blue square for 2007, that would be bad, because that means prices are lower than they were in 2003 or 2005. No cities are green, ergo the prices in 2005 were always higher than either 2003 or 2005.

Out of the 25 cities, seven, or slightly less than a third, show price depreciation since 2003 per square foot. Four of these cities are in the Midwest, including Cleveland, Columbus, Detroit and St. Louis. The other three are Denver, Boston and Sacramento.

So, the question from my perspective is, if you were told you had a 66 percent chance of your home being worth more in four years than it is was when you bought it in 2003, that seems like a pretty good bet, doesn't it? If you take Detroit out of the mix, the odds actually go to 6 out of 24, so you had a 75 percent chance that your house would be worth more after four years.

If you bought in 2005, you probably aren't happy in some of these cities, but if you expected to show a profit on your home after two years, that just hasn't been the case historically. I suggest wait another year or two, rent your house out if you need to, and read this article about lowering your property tax assesment

I'm hearing a lot about how bad things are in Miami, but this graphic has prices up 40 percent from 2003 to 2007, although down 10% from 2005. In Atlanta, you have a market that has barely changed, with prices rising 1.2% from 2003 to 2007.

So, some much appreciated historical perspective on how we got where we are.
Checks in the City: A Fractional Resurgence?   3/16/2008 12:37 PM
Fractional Ownerships Marketed in NYC, Paris, Etc.

At AOL Real Estate, we've looked at fractional ownership in the past. Possibly because buyers are less likely to want to cover multimillion dollar condos as a pied a terre or second home, this post discusses opportunities to "own" a portion of the weeks in luxurious condo-hotels such as the St Regis in Manhattan. Particularly for euro-toting foreign buyers that visit U.S. cities on a frequent basis (say six or eight times per year), this seems like an interesting idea.

"St. Regis rolled out their fractional development in 2006 on several floors of their midtown hotel. There are studios, and one- and two-bedroom units for $300,000 to $750,000 a share with 28 days of use a year."

For example, if you try to get a three or four star hotel room in Manhattan during certain weeks of the year, such as right before the Christmas holidays, you can expect to pay three to five hundred dollars a night if not more, so a week is costing you $2,100 to $3,500 as it is. At the low end, you can probably get some nights for $200. So 28 nights a year at $200 a night is $4,800, and $14,000 at the $500 level.

If you financed that over 30 years, a $300,000 fractional at $10,000 per year plus interest starts to look reasonable for four weeks a year, plus assume there's at least some resale value.

As the post calls out, there can be a lot of fees involved, so at some point just getting a normal hotel room may be more reasonable, assuming my math hasn't bored you to tears.

Plus, most of us have better things to spend $300,000 on.
Real Estate TV Shows Stay Hot as Markets Cool   3/16/2008 12:18 PM
Several New Real Estate Reality Programs Indicate Ratings Are Still There

Happened to catch an episode of Property Ladder last night where the flippers went over budget by about 200%. They still ended up making about $100K on their sale.

According to this AP article, HGTV had it's highest rates every in January, with nine of it's top 10 shows being about real estate:

"Nine of its top 10 series deal with the housing market, including "House Hunters," "My First Place," "Hidden Potential," "Buy Me" and "Design to Sell." The network did a special Feb. 29 theme day of "taking the big leap," or investing in that first house."

On the one hand, this may just indicate that with the writer's strike, people who normally would be watching "The Office" or "Lost" were watching more cable shows instead of repeats. I watch HGTV as much or more then the next person, and I think three of the those five shows are pretty lame.

At the same time, it's not like HGTV in particular has a lot of choice in their subject matter, since Home is in the name of the channel.

Also, it's not like HGTV's advertisers are going to be very happy if they start running shows called "I Want to Keep Renting" or "Too Broke to Redo My Kitchen."

One show that was pretty interesting, Bravo's "Million Dollar Listing," seems to have fallen off the radar, and some of these "flipping" shows are as much about the personalities as they are about investing in real estate. Is "Hell's Kitchen" a cooking show, or is it really a show about a cook who happens to be kind of a jerk.

On some level, same thing with "American Idol."
New Loan Limits   3/16/2008 11:56 AM
Thanks to CNBC's Diana Olick for this HUD post that allows you to check the limits in your area:
http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/08-06ml.doc
Are DC Sales Up or Down?   3/16/2008 11:46 AM
Close to Home: One Study Finds DC Sales Up, Index Says Down

"... , home prices in D.C. fell 9.4% in December according to the Standard & Poor’s S&P/Case Shiller Home Price Indices report, which tracks sales of the same homes over time and is generally considered to be the best measure. But John McClain, senior fellow and deputy director for the Center for Regional Analysis, said the multiple listing service data is sometimes more accurate in a down market."

One commenter calls out this home inventory link, which shows prices down less than 2 percent in the last month, but with inventories rising almost 10 percent. Certainly one expects inventories to rise some what on a seasonal basis as the D.C. market enters the peak spring selling season, and a 2 percent price dip isn't too bad, but what seems clear from the report is that prices are way down in some areas like Prince William County  and Loudon, and flat or only down slightly in other areas. ("In Prince William County, home prices dropped 25% in February compared to a year earlier. And prices fell 12.3% during the same period in Loudoun County.")

In a word, the market is certainly frothy, which is probably better than stagnant.
First-Time Buyer Questions   2/25/2008 1:18 PM
Do you think that you have to have two full-time incomes in order to afford a home these days? Would you look at alternative sources of income, such as renting out a room or take a second job in order to keep up with rising housing costs?
Post Your Thoughts

Are you worried that some senior citizens may not be able to afford to keep their home as prices for utilities rise?
Post Your Thoughts




RealtyTrac Press Coverage
Seattle Foreclosure Activity Up   7/24/2008 6:00 PM
Will Seattle's housing market eventually mirror California's and sink amid a sea of foreclosures?
St. Louis Foreclosure Filings are Up Sharply From Year Ago   7/24/2008 6:00 PM
The number of St. Louis area households facing the foreclosure process rose 77 percent in the second quarter compared to a year ago, according to RealtyTrac.
Home Foreclosures Double In 2nd Quarter   7/24/2008 6:00 PM
Home foreclosure filings more than doubled in the second quarter of 2008 from a year ago, according to real estate data released Friday by RealtyTrac Inc.
Foreclosure Filings Up 120 Percent   7/24/2008 6:00 PM
As foreclosures continue to soar, 220,000 homes were lost to bank repossessions in the second quarter, according to a housing market report Friday issued by RealtyTrac.
U.S. Home Foreclosures on the Rise    7/24/2008 6:00 PM
Figures from research firm RealtyTrac showed that one in every 171 U.S. households was in the process of losing their home - up 121 percent on last year.
U.S. Foreclosures Double as House Prices Decline    7/24/2008 6:00 PM
U.S. foreclosure filings more than doubled in the second quarter from a year earlier as borrowers owe more on mortgages than their properties were worth.
Southwest Florida Foreclosures Rising Along With Frustration   7/9/2008 6:00 PM
All told, foreclosure filings in the three-county area hit 2,240 in June, a 3.7 percent increase from the 2,161 the previous month and up 164 percent from the 848 filed in June 2007, said RealtyTrac.
Utah Foreclosures Up 141 Percent   7/9/2008 6:00 PM
The number of Utah homeowners who received a foreclosure filing in June jumped nearly 141 percent, compared with the same month last year, according to RealtyTrac.
Florida Foreclosures Up 92 Percent   7/9/2008 6:00 PM
Foreclosure activity is the highest since the Great Depression of the 1930s, said Rick Sharga, RealtyTrac's vice president of marketing.
Six Months, 343,000 Lost Homes   7/9/2008 6:00 PM
RealtyTrac, an online marketer of foreclosed properties, reported that lenders repossessed 71,563 homes in June. A year ago, just 26,369 homes were taken back.
Foreclosure Filings up Nearly 70 Percent in Wash.   7/9/2008 6:00 PM
Washington state foreclosure filings were up 69 percent last month compared with the previous June and up almost 10 percent from May, according to RealtyTrac.
Cape Coral-Fort Myers Tops Fla. Foreclosures    7/9/2008 6:00 PM
The Cape Coral-Fort Myers foreclosure rate in June led the state and ranked fourth in the country, according to RealtyTrac, a California firm that monitors foreclosure actions.
U.S. Foreclosure Filings Surge 53 Percent in June   7/9/2008 6:00 PM
The number of homeowners stung by the rout in the U.S. housing market jumped last month as foreclosure filings grew by more than 50 percent compared with June a year ago, according to RealtyTrac.
Foreclosures Rose 53 Percent in June, Bank Seizures Triple    7/9/2008 6:00 PM
Foreclosure activity is the highest since the Great Depression of the 1930s, said Rick Sharga, RealtyTrac's vice president of marketing.
Famous, But Fighting Foreclosure: Celebs Feel Housing Crunch   7/8/2008 6:00 PM
Rick Sharga, vice president of marketing for RealtyTrac, which monitors foreclosures, says that people of any income level can get in trouble by buying overvalued homes they can't afford.
Foreclosure Fishing? Read This First   6/26/2008 6:00 PM
In May, foreclosure filings, which include default notices, auction sales notices and bank repossessions, totaled 9,670 in Illinois, according to RealtyTrac, a real estate web site.
Couple Blame Only Themselves For Loss   6/22/2008 6:00 PM
Allen County foreclosure filings increased about 7 percent in May from the same month a year ago, according to data this month from Irvine-Calif.-based RealtyTrac.
Housing Crisis Likely To Last All Summer   6/18/2008 6:00 PM
Foreclosures are unlikely to peak until sometime this fall, as more loans made to borrowers with poor credit records reset at higher levels, said Rick Sharga, RealtyTrac’s vice president of marketing.
Smart Ways To Profit From Foreclosures   6/17/2008 6:00 PM
With 700,000 bank-owned homes on the market, and another one million in some state of foreclosure, according to RealtyTrac, you might be tempted to add a distressed property to your portfolio.
Foreclosures Continue to Spike in Illinois, Nation   6/16/2008 6:00 PM
Foreclosures in Illinois spiked again in May to about 42 percent compared to a year ago, according to data expected to be released today by RealtyTrac.
Kentucky Foreclosures Jump 46.1 Percent   6/13/2008 6:00 PM
Kentucky homebuyers saw a 46.1 percent jump in foreclosures from April to May, but the state remained a low 38th in the latest rankings by RealtyTrac.
The Trouble with Florida Real Estate: Foreclosure Backlog   6/12/2008 6:00 PM
After California, Florida has the second highest number of foreclosure filings, according to data released Friday by RealtyTrac, a foreclosure listing company.
73,000 homes lost to foreclosure in May   6/12/2008 6:00 PM
Foreclosure filings of all kinds were up 48 percent from May 2007, according to the latest release from RealtyTrac.
Housing Pain Spreads: Foreclosures Jump Nearly 50 Percent   6/12/2008 6:00 PM
The number of U.S. homeowners swept up in the housing crisis rose further last month, with foreclosures up nearly 50% compared with a year earlier, RealtyTrac said.
Foreclosure Rates Higher Around U.S. Military Bases   6/11/2008 6:00 PM
Increased foreclosures around U.S. military bases shouldn’t be above the national average — but they are, according to Sen. Charles Schumer, (D., N.Y.), who chairs the Joint Economic Committee.


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Bankrate.com: Mortgage Matters Blog Headlines
Rates rise rapidly   7/22/2008 11:00 PM
Mortgage rates have been rocketing upward the past few days, to levels they haven't seen since this time last year.
Straddling the short refi fence   7/17/2008 11:00 PM
Mortgage rates are rising faster than Treasury yields, which implies that investors are running away from mortgage bonds.
Mortgage rates rise sharply   7/16/2008 11:00 PM
Mortgage rates are rising fast -- almost a quarter point compared to yesterday.
'Bair' market?   7/14/2008 11:00 PM
Congress is encouraging short re-fis, but lenders have been reluctant to forgive mortgage debt and allow borrowers to do short refis.
A reader pops The Question   7/14/2008 11:00 PM
A reader asks The Question: "Do you expect the 30-year fixed mortgage rates to rise or fall over the next week based on the Freddie and Fannie news (or other mortgage/bond news)?


washingtonpost.com - Real Estate
Foreclosures and Short Sales, Equal Ills 7/19/2008 10:00 PM
Occoquan's Old-Time Charm Outlasts Calamity 7/18/2008 10:00 PM
A Look at Congress's Long-Promised, Long-Delayed Mortgage Relief 7/18/2008 10:00 PM
Adapting Community Design to Anticipate Trends 7/18/2008 10:00 PM
In Architectural Design, Brains and Talent Trump the Best Software 7/18/2008 10:00 PM
Chat Plus 7/12/2008 10:00 PM
Keep Your Energy Dollars From Going Up in Smoke 7/12/2008 10:00 PM
A Break From the Yard In Suburban Maple Lawn 7/11/2008 10:00 PM
Keeping Closer Tabs On Brokers 7/11/2008 10:00 PM
What It Takes to Create a Community 7/11/2008 10:00 PM
To Sell to Gen-Y, You Have to Meet Them Online 7/4/2008 10:00 PM
Help for Homeowners Hangs in the Balance 7/4/2008 10:00 PM
A Realization in Fairfax About Traffic and Housing 7/4/2008 10:00 PM
Anonymity Carries a Price at New Zillow Site 7/4/2008 10:00 PM
Mailbox: Condo Coercions, Short Shrift on Short Sales and Testing the Bath 6/28/2008 10:00 PM
Chat Plus 6/28/2008 10:00 PM
A Garden Haven With a Storied Past 6/27/2008 10:00 PM
Storied Historic Homes Suddenly In Dire Straits 6/27/2008 10:00 PM
Freshening an Old Listing, and Other Tips for Worried Sellers 6/27/2008 10:00 PM
When Condo Wars Heat Up, Common Sense Can Evaporate 6/21/2008 10:00 PM
Chat Plus 6/21/2008 10:00 PM
Gardener's Paradise Built for Growing Families 6/20/2008 10:00 PM
Out-of-Whack Appraisals Lead to a Dispute Over the Deposit 6/20/2008 10:00 PM
FHA Calls for an End To Seller-Funded Down-Payment Charities 6/20/2008 10:00 PM
Lessons of Arlington's Urban Development Needn't Be Just History 6/20/2008 10:00 PM
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