Julia Vakulenko

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Tampa4U.com

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MLS# T3142781

This BEAUTIFUL home is on a very relaxing setting with NO BACKYARD NEIGHBORS and grown mature trees to the side. The master bedroom is a dream with peaceful and private view, tray ceilings, large master bath and huge walk-in closet. Home features...
Visit this property in RIVERVIEW: 6317 MAGNOLIA PARK BLVD, RIVERVIEW

MLS# L4904735

Welcome Home. This community features beautiful Lake Michaela as the centerpiece. As you make your way to the gorgeous home you will be delighted as you trail through the tree lined park and play area. Fully fenced with white vinyl fencing, this...
Visit this property in VALRICO: 3028 BEAVER POND TRL, VALRICO

MLS# T3142606

Here's whats new: hand scraped engineered wood floors, impeccable bathrooms, granite counters, stainless steel appliances. Spacious open floor plan for living room / kitchen/breakfast bar with room for 3+ person seating. Siding on front of house...
Visit this property in TAMPA: 7311 N DARTMOUTH AVE, TAMPA

MLS# U8023361

This is the Safety Harbor gem you’ve been waiting for. It’s a 4 bed 2 bath home in the Phillippe Woods subdivision. You can walk to your favorite restaurants and stores downtown. The home features an enclosed pool, vaulted ceilings, a new kitchen,...
Visit this property in SAFETY HARBOR: 106 TANGLEWOOD CT, SAFETY HARBOR


Tampa4U.com

Alternatives to Forclosure
Escape Foreclosure! (Foreclosure Options)

If you have experienced increased expenses, reduced income, or other hardship and are having trouble making your mortgage payment, you are not necessarily doomed to the devastation of foreclosure. Here are six options you may have to keep your house, if you cannot make your current mortgage payments, are about to default on your mortgage, or feel like you are going into “pre-foreclosure” status:

1. Refinance: You simply get a new mortgage loan and pay off your old (unaffordable) loan with the new one.

2. Repayment Plan: You work with your lender on structuring a repayment plan you can live with – one that lets you catch up on your missed payments by paying more than one full payment per month until you are current on your mortgage.

3. Forbearance Program: You work with your lender to delay or to suspend all (or a part) of your normal monthly payment for an agreed-upon period of time. You may roll the “suspended” payments into the existing mortgage loan, or you may make those payments as part of a repayment plan or loan modification, as agreed between you and your bank(s).

4. Loan Modification: You work with your lender to change the original terms of your mortgage loan. You may be able to change your interest rate, the duration of the loan, or the amount of the loan (adjusted by the amount that you are behind in paying).

5. Short Refinance: You work with your lender to obtain an adjustment or “forgiveness” of the actual principal portion of the balance. This may be used with Forbearance and Repayment Plans.

6. Bankruptcy: You may change your original terms of your mortgage loan as part of a bankruptcy filing, order, reorganization, or repayment plan.

All of these methods require you to be able to make a payment that the Bank agrees with and to make it on-time every month.

If you have encountered a hardship, income reduction, or increase in expenses that prohibits you from participating successfully in any of these programs or that will simply delay the inevitability of foreclosure because you’re actually unable to make acceptable payments, even under modification or other attempt to adjust your mortgage burden, you may need to consider a Short Sale to escape foreclosure and its devastating effects on your life.

For more information on what a Short Sale is and how it can help you, please feel free to call 813-671-6657 for a free consultation or email: info@tampa4u.com