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Fun Restaurant in Tarpon Springs

by Doug & Gwen Campbell at Sun Bay Associates

Despite all the gloom and doom of the sinking economy in the news, there are lots of great things to like about the Tampa Bay area.  One of the wonderful benefits of the Sun Coast of Florida is the selection of restaurants.  In northern Pinellas County, in the eclectic City of Tarpon Springs, there is a gem of an eating establishment called Snookers Floribbean Bar and Grill.  Fresh seafood, straight from the Gulf of Mexico, succulent shrimp, seared Mahi, ice cold adult beverages and friendly servers all combine to make Snookers a fun place to meet after a hard day at work or for a dinner with friends. 

 

We just ate there, had a really good dinner of fresh caught seafood, an absolutely wonderful coconut bread pudding for dessert, enjoyed the live music, and Basilia our server was really helpful and pleasant.

 

Snookers has an outdoor tiki bar and a pool of live gators that is just outside the tiki bar.  There are lots of flat screen TVs for viewing your favorite sports or even CNN.  Weekends there is live music on the outdoor patio.  Sit there and enjoy dinner, have a relaxing drink and listen to your favorite music.

 

And as you enter the inside dining area, be sure to check out the very large saltwater aquarium with live snook, a favorite Florida gamefish, and redfish swimming around.

 

To learn more about this fun and casual restaurant in the Tampa Bay area, visit their website at www.snookersgrill.com.

 

We’ll occasionally write about a fun thing for the Tampa Bay area lifestyle.  If you have a special interest, let us know and we’ll discover more together.

 

Be sure to check out our website for more information on real estate and the Tampa Bay area:  www.SunBayAssociates.com.

Deed in Lieu of Foreclosure

by Doug & Gwen Campbell at Sun Bay Associates

Basically, a deed in lieu of foreclosure is the action a homeowner takes to give his/her house back to the lender in exchange for being forgiven the debt of the mortgage.  When considering a deed in lieu, be sure that the lender will accept it, and get the acceptance in writing.  As part of the written agreement, have the lender agree to forgive any amount that is not covered when the house is later sold by the lender.  Some experts believe that a deed in lieu looks better on a credit report than a foreclosure. 

 

From a lenders perspective, this is an act of last resort because banks really do not want property that needs to be maintained and hopefully resold.  The banks really want cash so they can continue to issue loans. Some lenders require that the house be placed on the market for at least three months in a good faith effort to sell it.  Many lenders will not consider a deed in lieu if there are other liens on the property. 

 

Another issue to cover in detail with the lender is to see how the lender will deal with the outstanding balance due.  Will the debt be forgiven or will the lender provide, in writing, assurance that it will not sue the homeowner for the balance at a later date.  Some lenders will keep the mortgage and not cancel the debt until the property is resold.  Be sure you know all the details of any agreement concerning the mortgage, your debt and what the lender is, in fact, agreeing to.

 

A short sale is preferable to a deed in lieu because in a short sale, the bank has agreed to forgive the difference between the sales price of the home and the amount owed to the bank, and the property is sold outright, freeing the homeowner from further obligation to the bank.  A short sale also frees up funds for the bank to lend instead of having to manage a piece of real estate.

 

As with short sales, it is wise to determine the impact a deed in lieu may have on your tax obligations before entering into any agreement.

 

For legal advice, consult a real estate attorney in your area. 

 

To learn more about short sales or other solutions to your real estate issues, visit www.EquityOptionsGroup.com or visit www.YourHouseOptions.com.

 

Remember, you have options.

 

Call Gwen at 727-939-1515 or Doug at 727-741-4189.

Or email [email protected] or [email protected]

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Photo of Gwen and  Doug Campbell - The Campbell Team Real Estate
Gwen and Doug Campbell - The Campbell Team
at Keller Williams Realty
30522 US Hwy 19N, Suite 107 S
Palm Harbor FL 34684
Doug's Cell 727-741-4189
Gwen's Cell 727-741-7260
Fax: 888-447-7908