Distressed Homeowners in Pinellas County/Tampa Bay Learning Their Homes May Now Have Equity
Some distressed home and condo owners are no longer ’underwater’ on their loans due to a strengthening real estate market & increasing prices - but may not know it yet.
Homeowners in Pinellas County/Tampa Bay who found themselves underwater during the housing crisis are discovering that they may now have equity resulting from exceptional price increases in the last 6-8 months.
“We have gotten so used to the downward trends from the past few years that most people don’t know that prices are increasing rapidly,” says Ron Nedd, CDPE® with Charles Rutenberg Realty. “The impact of these price increases means that people who used to be underwater may now finally have equity in their homes again.”
Many homeowners in this situation had to resort to foreclosure, short sale (selling the home for less than what is owed on the mortgage), or other alternatives. “Today, those homeowners that have been able to wait until the market improved may be able to sell the home without having to take the hit that a foreclosure, or even a short sale, will have on their credit,” Nedd said.
As a Certified Distressed Property Expert® (CDPE), Ron Nedd is specially trained to help homeowners facing foreclosure understand their options, and to help them understand all the facts of their circumstances. “It’s important that homeowners in distress understand that they’re not alone. There are alternatives to foreclosure, and with recent equity gains, many may have a viable way out of a difficult situation,” Nedd said.
Ron Nedd has developed a free report entitled, “3 Reasons Your Home May Be Worth More Than You Think,” which is accessible from his website, SearchClearwaterHomes.com.
Ron Nedd has been a licensed Florida Realtor since January 2004 and with Charles Rutenberg Realty since June of 2004. In addition to his CDPE designation, he is also an Accredited Buyers Representative which is a special designation for qualified Buyers Agents presented by the Real Estate Buyer’s Agent Council which is part of the National Association of Realtors.
For more information about the CDPE Designation, visit www.CDPE.com.
- Contact Information
- Ron Nedd
- Charles Rutenberg Realty
- (1) 727-687-1160
- Contact via E-mail
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