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I’m retiring from the military in a 1yr ½ with the base of spending 1,500 on a mortgage and would like to buy my dream luxury home in Tampa Fl, is foreclosure the only way to go what tricks of the trade are needed to accomplish this?
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August 05 2011 - US
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Answers (2)

Profile picture for Sharon Lewis
First off, thank you, thank you, thank you for your service to this country, so very much appreciated. Please stay safe until you get out. 
Now, to the business at hand
thats good money for a mortgage, you probably qualify for a VA loan. I would suggest you talk with a mortgage specialist, if you don't know one, there are several who contribute to Zillow or you can contact your real estate agent and ask for their recommendation, if you dont know an agent, simply click on any of our names and email us and we can refer you, I know several terrific agents in Tampa.
Again, many thanks for all you do, your sacrifices to benefit this country.You rock! 
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August 06 2011
Profile picture for audramiami
Good evening and thank you for your service to our country!  My recommendation is to speak with a few Realtors in Tampa to get their take on the market.  Here in Miami, the foreclosures are selling like hotcakes and often times for above market value to cash buyers (investors).  Meanwhile, there are many nice homes to be purchased from homeowners who simply need to move (job relocation, expanding family, divorce, etc.).  I am finding that those Sellers are often more negotiable than an REO (bank owned) property which is just going to the highest bidder. 

Hope this is helpful and best of luck in your search!
Audra

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August 05 2011
 

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