When a lender and a homeowner agree to release a mortgage for an amount less than what's owed, it's called a Short Sale. There are a large number of Short Sale properties available in St. Petersburg, Clearwater, Seminole, Gulfport, Dunedin, Clearwater Beach, New Port Richey and practically any other city in Pinellas, Pasco or Hillsborough County.
You may be interested in specific neighborhoods in Saint Petersburg such as Woodlawn, Allendale, Old Northeast, Snell Isle, Venetian Isles, Pasadena Yacht & Country Club, Yacht Club Estates, Lakewood Estates, Pinellas Point, Isla Del Sol, Tierra Verde, Kenwood, Crescent Lake, Jungle Prada or one of the numerous others.
There are also several sought-after smaller and beautiful communities surrounding St Petersburg that are either in close proximity to our extraordinary beaches like South Pasadena, one of the several charming beach communities such as Redington Beach, Indian Rocks Beach and Madeira Beach, or the highly desired beach communities of Treasure Island and St Pete Beach, each with its own unique neighborhoods.
In Clearwater Beach, perhaps you may want to consider one of the highly-desirable neighborhoods like Ybor City, Davis Islands, Hyde Park or Palm Ceia.
Currently, home sales prices are still lower than in many years but are increasing at a fairly steady pace. However, I always suggest to stay within your budget while still realizing that you may be able to afford a wonderful property in a traditionally expensive neighborhood due to the volume of Short Sale real estate inventory.
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