Julia Vakulenko

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MLS# A4165195

Super Cute - 2 bedroom 1 bath home with 1260 sf of living space. With rent prices and purchase prices on the rise, now is the time to buy. This home is perfect for the first time home buyer or to us as your retirement home. Don't miss out on this...
Visit this property in BRADENTON: 1915 16TH AVENUE DR W, BRADENTON

MLS# U7792768

Gravel, Maintenance free lawn. Perfect start up home with all furnitures and appliances included. Bathroom in the garage was just recently renovated. Room sizes are approximate.
Visit this property in HOLIDAY: 4823 CALAIS DR, HOLIDAY

MLS# T2841931

Entering from garage below, the private stairwell leads to the great room which is open to kitchen and dining area. Stacked washer and dryer are included and HOA fee includes water. Maintenance free living with the benefit of a community pool and...
Visit this property in RIVERVIEW: 9007 MOONLIT MEADOWS LOOP, RIVERVIEW

MLS# W7623361

Popular Aberdeen Model on Oversized Corner Lot in "Maintained" Village. ); Master Suite with Sitting Room/Den/Office; 8 x 11 Walk-in Closet/spacious Bedroom; Master Bath w/Private Commode/Corner Tub/Large Walk-in Shower/Dual Sinks. Active 55+...
Visit this property in HUDSON: 11030 EDGE PARK DR, HUDSON


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Tampa Short Sales

When a homeowner needs to sell their property, but the sale is going to be less than the mortgage amount, the homeowner must seek approval from their lender in order to make a short sale.

Banks often approve a short sale due to the amount of time and money that a foreclosure process brings to the lender. Some lenders will see short sales as an easy way to cut losses and move on. This way, the lender gets the proceeds from the sale, and the owner would be forgiven for the rest of the debt still owed. This cannot work for owner who has the ability to make payments, owns other high equity real estate, or lied about something on the loan application. It is not an easy way out of a bad investment.

From the buyer’s view, purchasing a home from a short sale can be a long process that ends up leading nowhere. It could be as long as 90 days to get a response from the bank to approve an offer that was accepted by the seller. Buyers can often get frustrated and just walk away from the situation. There is no great bargain in purchasing a short sale, so there is no motivation for a buyer to jump at this chance.

If the bank does approve a short sale, the buyer will have to close the deal in about two weeks. This means that a buyer must have inspections and appraisals ready to be done, as well as the financing. Most short sales now do not get approved and the homes are ending up in foreclosure. This way, the bank has the property clear of any secondary loans and they can list the property as an REO on the market.

 

The Home Buying Process:

 

Types of Resale in Today's Market:

 

Taxes, CDD, HOA, and Homestead:

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