Julia Vakulenko

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MLS# U7846577

VERY UNIQUE & RARE PROPERTY - The square footage is essentially split between two spaces with separate entrances - the Suite #833 which has two king size beds, sitting area, kitchen (has a cooktop, dishwasher, microwave and refrigerator), large...
Visit this property in CLEARWATER BEACH: 301 S GULFVIEW BLVD #833, CLEARWATER BEACH

MLS# U7781698

Wake up each morning to dazzling, unobstructed Gulf views through floor-to-ceiling hurricane-proof windows and a glass paneled balcony. 4th bedroom is a study (closet can be added during construction). Direct elevator access leads to a private...
Visit this property in CLEARWATER BEACH: 15 AVALON ST #3B/302, CLEARWATER BEACH

MLS# T2924624

Wonderful business opportunity. Sale includes furniture, fixtures & equipment (turn key). Sold as is for sellers convenience. Interested parties are advised to verify.
Visit this property in BRANDON: 907 N TAYLOR RD, BRANDON

MLS# T3175496

The photos and virtual tour say it all. Impressive, sophisticated, updated and MOVE-IN ready. The new 50 ft dock with a remote control boat lift that can accommodate 8K boat is right in your back yard and minutes from the gulf. There is a 60 foot...
Visit this property in HUDSON: 13908 DULEY AVE, 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:

 

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Taxes, CDD, HOA, and Homestead:

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