Nationally and in Tampa foreclosures are increasing, but the headlines comparing current numbers to the low point during the pandemic are misleading. Currently, in the Tampa Bay market, there are 78 bank-owned properties and 37 short sale listings out of a total of 17,310 active and pending residential listings. It is important to seek guidance from a skilled agent if you are in a situation where you owe more than your house is worth. Don’t solely rely on news headlines, reach out for help to understand the real situation.